Company Income Tax (CIT)

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

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...

Nigeria’s Steep 30% Corporate Tax Threatens FDI Inflows

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

Kwankwaso Factor in 2031 Thrust Middle Belt Heavyweights onto Tinubu’s Re-election Train

Incumbent President Bola Tinubu is the choice of the Middle Belt leaders for the 2027 poll, THEWILL gathered at the weekend. That is the story behind the photo ops with President Bola Tinubu on Friday, November 6, 2027, when leaders of the Middle Belt and North Central visited the Presidential Villa.
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