Company Income Tax (CIT) for the second quarter of 2024 increased to N2.47tr, a report by the National Bureau of Statistics has shown. The report stated that the growth rate was 150.83% when compared to the N984.61bn in Q1 2024. It stated that local payments received were N1.35tr, while Foreign CIT payment contributed N1.12tr in Q2 2024.
“On a quarter-on-quarter basis agriculture, forestry and fishing recorded the highest growth rate with 474.50%, followed by financial and insurance activities and manufacturing with 429.76% and 414.15 respectively.”
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