This amount represents about 5.4 percent of the Federal Inland Revenue Service’s (FIRS) total tax revenue for the year. The FIRS disclosed that it generated N21.7 trillion in tax revenue in 2024, of which 39 percent (N8.4 trillion) came from company income taxes (CIT).
In other words, listed companies on the NGX were responsible for about 14 percent of
In 2024, publicly listed companies on the Nigerian Exchange (NGX) collectively paid N1.18 trillion in income taxes, reflecting a 23 percent increase from the N956 billion remitted in 2023.
This amount represents about 5.4 percent of the Federal Inland Revenue Service’s (FIRS) total tax revenue for the year. The FIRS disclosed that it generated N21.7 trillion in tax revenue in 2024, of which 39 percent (N8.4 trillion) came from company income taxes (CIT).
In other words, listed companies on the NGX were responsible for about 14 percent of