Federal finance and statistics / National Bureau of Statistics

Company Income Tax Q2 2024

Executive Summary On the aggregate, Company Income Tax (CIT) for Q2 2024 was reported at N2.47 trillion, in dicating a growth rate of 150.,83% on a quarter-on-quarter basis from N984.61 billion in Q1 2024. Local payments received were N1.35 trillion, while Foreign CIT Payment contributed N1.12 trillion in Q2 2024. On a quarter-on-quarter basis Agriculture, forestry and fishing recorded the highest growth rate with 474.50%, followed by Financial and insurance activi ties and manufacturing with 429.76% and 414.15 respectively. On the other hand, activities of households as employers, undifferent…