Nigeria’s biggest firms pay record N2.3trn in income taxes

In 2025, Nigeria’s 30 biggest firms collectively paid N2.32 trillion in income taxes, reflecting an 86 percent increase from the N1.14 trillion remitted in 2024. This amount represents about 12.9 percent of the Nigeria Revenue Service (NRS) total tax revenue for the year. The NRS disclosed that it generated N17.8 trillion in tax revenue in

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