CIT: Banks’ Record Profits Boost Payments by 42.6% to N455.98bn

The Federal Government generated a total of N455.98 billion as Company Income Tax (CIT) from financial and insurance activities in the first six months of this year, latest data released by the National Bureau of Statistics (NBS) has shown. The amount is N136.20 billion or 42.60 per cent higher than the N319.78 billion it generated...The post CIT: Banks’ Record Profits Boost Payments by 42.6% to N455.98bn first appeared on New Telegraph.The post CIT: Banks’ Record Profits Boost Payments by 42.6% to N455.98bn appeared first on New Telegraph.

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