Nigerian manufacturers pay 84% more in taxes in Q2 2024
The Nigerian manufacturing sector has experienced a notable increase in tax contributions, reaching a nine-month peak in the second quarter of 2024 despite prevailing economic challenges. This is based on newly released data from the National Bureau of Statistics (NBS). In Q2 2024, manufacturers paid a total of N405.86 billion in taxes, which includes both Company Income Tax (CIT) and Value Added Tax (VAT). This marks an 84.1% rise from […]
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