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Q2 2024: Company Income Tax could provide 9% of Nigeria’s ₦28.78 trillion budget
In Q2 2024, Nigeria’s Company Income Tax (CIT) collections reached ₦2.47 trillion, a record-high figure that could cover about 9%...

Foreign companies contributed almost 50% of Nigeria’s company income tax payments in 2023
Over the years, local companies have contributed more than foreign companies to Nigeria’s total company income tax revenue. In 2023,...

Nigeria’s finance and insurance sector paid 119.6% more tax to the government in 2023
In 2023, businesses in Nigeria's finance and insurance sector paid ₦458.8 billion as taxes to the government, 119.6% more than...

Nigeria has collected a total of ₦17.5 trillion tax from companies between 2015 and 2023
Nigeria collected nearly ₦5 trillion income tax from companies in 2023. The amount collected in 2023 is 3.5x the collections...

Nigeria's corporate income tax payments hit record high in Q2 2023
Nigeria's government collected ₦2 trillion in corporate income tax in H1 2023, with a spike from ₦469 billion in Q1...

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