By Esther Agbo Despite an overall decline in Company Income Tax (CIT) collection in the first quarter of 2024, seven sectors of the Nigerian economy reported an increase, according to the latest data from the National Bureau of Statistics (NBS).…
Nigeria’s Company Income Tax (CIT) decreased by 37.79 per cent in Q1 2023, dropping from N753.88 billion to N469.01 billion. Local payments accounted for N300.78 billion, while foreign CIT payments contributed N168.23 billion during the same period. The decline in…
The Federal Inland Revenue Service (FIRS) on behalf of the Federal Government of Nigeria generated a sum of N532.48 billion from Company Income Tax (CIT) in the first quarter of 2022, an increase of 35.6 per cent compared to Q1…
