WATCH THE VIDEO HERE Nigeria’s Company Income Tax (CIT) surged by 150.83 per cent to ₦2.47tn in Q2 of 2024.
A report by the National Bureau of Statistics said the increase was from ₦984.61bn recorded in Q1 2024.
On a year-on-year basis, the CIT went up by 59.52 per cent from ₦1.55tn in Q2 2023.
On a quarter-on-quarter basis, the NBS reported a growth rate of 150.83 per cent from ₦984.61bn in Q1 2024.
“Local payments received were N1.35 trillion, while foreign CIT payment contributed N1.12 trillion in Q2 2024,” the report shows.
Company income tax revenue rises by 151% in Q2 2024 — NBS
