Economy

FG, States, LGs Share ₦1.928trn November 2025 Revenue

Published

1 month ago

December 16, 2025

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A total sum of ₦1.928 trillion, being November 2025 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils.

According to a statement by the Federation Account Allocation Committee (FAAC), the revenue was shared at the December 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja.

The ₦1.928 trillion total distributable revenue comprised distributable statutory revenue of ₦1.403 trillion, distributable Value Added Tax (VAT) revenue of ₦485.838 billion, Electronic Money Transfer Levy (EMTL) revenue of ₦39.646 billion.

A communiqué issued by the Federation Account Allocation Committee (FAAC) indicated that total gross revenue of ₦2.343 trillion was available in the month of November 2025. Total deduction for cost of collection was ₦84.251 billion while total transfers, interventions, refunds and savings was ₦330.625 billion.

According to the communiqué, gross statutory revenue of ₦1.736 trillion was received for the month of November 2025. This was lower than the sum of ₦2.164 trillion received in the month of October 2025 by ₦427.969 billion.

Gross revenue of N563. 042 billion was available from the Value Added Tax (VAT) in November 2025. This was lower than the N719.827 billion available in the month of October 2025 by N156.785 billion.

The communiqué stated that from the N1.928 trillion total distributable revenue, the Federal Government received a total sum of N747.159 billion and the State Governments received a total sum of N601.731 billion.

The Local government Council received N445.266 billion, while the sum of N134.355 billion (13% of mineral revenue) was shared to the benefiting State as derivation revenue.

On the N1.403 trillion distributable statutory revenue, the communiqué stated that the Federal Government received N668.336 billion and the State Governments received N338.989 billion.

The Local Government Councils received N261.346 billion and the sum of N134.355 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.

From the N485.838 billion distributable Value Added Tax (VAT) revenue, the Federal Government received N72.876 billion, the State Governments received N242.919 billion and the Local Government Councils received N170.043 billion.

A total sum of N5.947 billion was received by the Federal Government from the N39.646 billion Electronic Money Transfer Levy (EMTL), the State Governments received N19.823 billion and the Local Government Councils received N13.876 billion.

In November 2025, Excise Duty increased moderately while Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), CIT on Upstream Activities, Companies Income Tax (CIT), CGT and SDT, Oil & Gas Royalties, Import Duty, CET Levies, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL) and Fees recorded substantial decreases.

Economy

Naira appreciates to N1,490/$ in parallel market

Published

2 days ago

January 21, 2026

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The Naira yesterday appreciated to N1,490 per dollar in the parallel market from N1,495 per dollar on Monday.

Likewise, the naira appreciated to N1,420 per dollar in the Nigerian Foreign Exchange Market, NFEM.

Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira fell to N1,420 per dollar from N1,420.5 per dollar on Monday, reflecting a 50 kobo appreciation for the naira.

Consequently, the margin between the parallel and official markets narrowed to N70 per dollar from N74.5 per dollar on Monday.

Economy

The Black Market Dollar to Naira Exchange Rate for 20th January 2026

Published

2 days ago

January 20, 2026

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Can Be Accessed Below:

The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.

Black Market Dollar To Naira Exchange Rate Today 20th January 2026Published 5 seconds ago on January 20, 2026By newsrainng
Dollar To Naira Exchange Rate Today 27 January 2023(Black Market)

The Black Market Dollar to Naira Exchange Rate for 20th January 2026 Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
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The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1500 and buy at ₦1480 on Tuesday, 20th January, 2025, according to sources at Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1500
Buying Rate ₦1480
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1421
Lowest Rate ₦1419

Economy

See Dollar to Naira Exchange Rate at Black Market

Published

3 days ago

January 19, 2026

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The naira continued to trade at a weaker position against the United States dollar at the Lagos parallel market, popularly known as the black market.

Checks with operators at various Bureau De Change (BDC) outlets in Lagos revealed that the dollar was sold for ₦1,500, while buyers exchanged the greenback at ₦1,485 per dollar. This reflects the ongoing pressure on the local currency amid sustained demand for foreign exchange in the informal market.

Currency traders attributed the disparity in rates to limited dollar supply and increased demand from importers, travelers, and individuals seeking foreign exchange for personal and business transactions.

It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize the black market. The apex bank has repeatedly warned Nigerians against patronizing the parallel market, advising those in need of foreign exchange to obtain it through their respective commercial banks and other approved channels.

At the official foreign exchange market, the naira traded at relatively stronger levels. According to data from the CBN, the highest exchange rate recorded was ₦1,420 per dollar, while the lowest stood at ₦1,416 per dollar during the same period.

The wide gap between the official and parallel market rates continues to highlight persistent challenges in Nigeria’s foreign exchange system, including dollar liquidity constraints and speculative trading activities.

Market observers caution that exchange rates may vary slightly depending on location, volume of transaction, and the dealer involved. As a result, the actual price at which individuals buy or sell foreign currency may differ from the rates quoted.