FAAC revenue climbs to N6.28 trillion in Q2 2024, as robust Value Added Tax (VAT) and import duty collections offset declining oil earnings. VAT, customs, and excise duties contribute a major share, comprising 72.42% of the total federation account earnings. The Central Bank of Nigeria’s latest economic report shows that non-oil revenue reaches N4.55 trillion … Continue reading FAAC Revenue Climbs To N6.28 Trillion In Q2 2024, Driven By VAT And Import Duties Amid Oil Income Drop