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    Nigeria’s government saw a remarkable increase in Value Added Tax (VAT) revenue in January 2026. Collections reached ₦1.08 trillion, marking the highest monthly total ever recorded following a new revenue-sharing formula that began this month. According to reports, official figures shared at the February meeting of the Federation Accounts Allocation Committee (FAAC) reveal that the … The post Nigeria Hits ₦1 Trillion VAT as New Sharing Formula Takes Effect appeared first on Business Elites Africa.
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