Windfall tax takes centerstage as seven Banks incur N819.95 billion in income tax expense in 2024

In 2024, seven Nigerian banks; FCMB, Fidelity, GTCO, Stanbic IBTC, UBA, Wema Bank, and Zenith Bank incurred a combined income tax expense of N819.95 billion, representing a 94.96% increase from the N413.73 billion reported in 2022. The post Windfall tax takes centerstage as seven Banks incur N819.95 billion in income tax expense in 2024 appeared first on Nairametrics.

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