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Tag Archives: value added tax (VAT)

FG Generates N496 Billion from VAT in Q1 2021 – NBS

National Bureau of Statistics (NBS

The National Bureau of Statistics (NBS) said the federal government has raked in a total of N496.39 billion from Value Added Tax (VAT) in the first quarter Q1 2021. This represents a nine per cent quarter-on-quarter (QoQ) increase in VAT when compared with N454.69 billion generated in Q4’20. In its …

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FG Generates N424bn VAT in Third Quarter 2020

Nigeria recorded Value Added Tax (VAT) of N424.71 billion for third quarter of 2020, the National Bureau of Statistics (NBS) has reported. The NBS made this known in its latest report titled “Sectoral Distribution of Value Added Tax Data for Q3 2020” which was released on Monday. According to the …

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Pay-As-You-Go Not Feasible in Nigeria – MultiChoice CEO

Pay-As-You-Go(PAYG) billing model advocated by Nigerians is not technically and commercially feasible, the Chief Executive Officer of MultiChoice Nigeria, owners of DSTV John Ugbe

The Pay-As-You-Go(PAYG) billing model advocated by Nigerians is not technically and commercially feasible, the Chief Executive Officer of MultiChoice Nigeria, owners of DSTV John Ugbe has stated. Ugbe, who spoke when he appeared before the House of Representatives Ad Hoc Committee investigating the non-implementation of PAYG subscription model by satellite …

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NBS Places VAT Earnings in Six Months at N651 Billion

Nigeria earned Value Added Tax (VAT) of N651.77 billion in the first half of 2020, a report by the National Bureau of Statistics (NBS) has revealed. The NBS confirmed this in a report titled ‘Sectoral Distribution Of Value Added Tax (H1 2020)’. According to the report, the VAT figure represents a growth of 8.45 per cent …

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