Nigeria's Company Income Tax Revenue Surges 38% in First Half of 2025
Nigeria's Company Income Tax revenue increased by 38% in the first half of 2025 compared to the same period last year, as reported by the National Bureau of Statistics (NBS). The rise in revenue is attributed to improved tax compliance, increased corporate profits, and enhanced enforcement measures by the Federal Inland Revenue Service (FIRS).
The surge in revenue was driven by contributions from local and foreign companies across sectors like manufacturing, finance, telecommunications, and professional services. Analysts suggest that sustaining this revenue momentum will require continued economic stability and supportive business policies.
The data signals a positive fiscal outlook for Nigeria in the second half of the year.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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