August 4, 2025

first quarter

General VAT

North Central States Receive Over Twice Their Q1 2025 VAT Contributions

Abuja, June 21, 2025 – States in Nigeria’s North Central zone collectively received a total of ₦126.17 billion in Value Added Tax (VAT) allocations during the first quarter of 2025, despite generating ₦52.69 billion within the same period, a reflection of the Federal Government’s revenue sharing structure aimed at fiscal balancing across the federation. According

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Economy General

Nigeria Records ₦5.17 Trillion Trade Surplus in Q1 2025, Reflecting Export Growth and Economic Resilience

June 16, 2025 – Abuja, Nigeria Nigeria has recorded a ₦5.17 trillion trade surplus in the first quarter of 2025, indicating a strong export performance and growing economic resilience despite prevailing global and domestic challenges. According to data released by the National Bureau of Statistics (NBS), total exports during the period stood at ₦15.19 trillion,

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