Company Income Tax (CIT)

Business

Manufacturers’ Tax Contributions Crash 68% as New Tax Regime, Cost Pressures Bite

Ogochukwu Onwaeze, THEWILL -
June 22 (THEWILL) — Company Income Tax (CIT) payments from Nigeria’s manufacturing sector plunged by 68.25 percent year-on-year in the first quarter of 2026, underscoring the mounting pressures facing producers amid a new tax framework, weak consumer demand and...
Business

Nigeria’s Steep 30% Corporate Tax Threatens FDI Inflows

THEWILL -
December 05, (THEWILL) — Nigeria’s decision to maintain a 30 percent Company Income Tax (CIT) rate significantly higher than the global average of about 23.5 percent is raising fresh concerns about the country’s ability to attract and retain foreign...
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Latest News

SportsOlumide Atiba, THEWILL -

Mended Fences: 1,000 Goals In Sight As Ronaldo and Portugal Reconciliation Takes Shape

Cristiano Ronaldo’s turbulent relationship with the Portugal national team could be heading towards an unexpected reconciliation, with reports suggesting the veteran forward may return for one final international chapter as he closes in on the historic 1,000-goal milestone.
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