In 2024, publicly listed companies on the Nigerian Exchange (NGX) collectively paid N1.18 trillion in income taxes, reflecting a 23 percent increase from the N956 billion remitted in 2023.
This amount represents about 5.4 percent of the Federal Inland Revenue Service’s (FIRS) total tax revenue
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David Olujinmi
David Olujinmi is a financial journalist, with a knack for reporting and analysing the capital markets. He has experience in reporting the Nigerian and African financial scene.
With a Bsc in Chemical Engineering from the Obafemi Awolowo University, he has a significant grasp of numbers that has aided his understanding of the financial context.
