The Federal Inland Revenue Service (FIRS) has strongly criticized the Federal Capital Territory Administration (FCTA) for shutting down one of its offices in Abuja. The agency described the move as both “malicious” and “unprofessional.” In a statement posted on X (formerly Twitter), Aderonke Atoyebi, Technical Assistant on Broadcast Media to the FIRS Executive Chairman, accused […]

The Federation Account Allocation Committee (FAAC) has released its Value Added Tax (VAT) report for the first quarter of 2025, revealing that Nigeria’s 36 states collectively generated ₦1.5 trillion in VAT revenue. Once again, Lagos State emerged as the top contributor by a wide margin. According to data obtained by Investors King, Lagos alone accounted