Nigerian govt earns N155.58bn tax payments from 10 banks

The Nigerian government has collected a total of N155.58 billion in income tax payments from ten banks operating in the country.

The tax payments were captured in the bank’s financial statement ending December 31, 2022, and submitted to the Nigerian exchange.

Details show that the income tax expenses of the banks is a 33.50% increase from the N116.54 billion they paid in income tax during the previous fiscal year.

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