Foreign currency taxes hit N6.33tn amid naira volatility

Nigeria’s foreign currency taxes surged to N6.33tn, driven by naira volatility and multinational firms, now accounting for 35.5% of total VAT and CIT recei

The Briefing Africa

April 29, 2026 · 00:15 · 5 min read

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Nigeria’s foreign currency taxes surged to N6.33tn, driven by naira volatility and multinational firms, now accounting for 35.5% of total VAT and CIT recei

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Foreign currency taxes hit N6.33tn amid naira volatility