10 Banks’ Income Tax Rises By 28% To N260bn In 2022

To improve the country’s revenue drive, 10 commercial banks listed in the Nigerian Exchange Group, NGX, paid N260.3 billion in Company Income Tax, CIT, in 2022.

The figure represents a 28 per cent increase compared to N203.6 billion paid in 2021.

The banks disclosed this in their audited financial statements for 2022.

The contributing banks are Access, GTBank, UBA, Fidelity and Zenith.

LEADERSHIP : Read More