September 13, 2022/United Capital Research Last week, the Organisation of Petroleum Exporting Countries (OPEC+) members met for the 32nd joint ministerial meeting amid sanctions on Russia and tempestuous global energy prices. Given the adverse impact of volatility and the decline in liquidity on the current oil market and the need […]
OPINION/EDITORIAL
CIT Payments in H1 2022: Strong Momentum Sustained
September 13, 2022/CSL Research Based on the data published by the National Bureau of Statistics (NBS), the gross Company Income Tax (CIT) generated in Q2 2022 amounted to N714.4bn, a growth of 29.5% q/q and 51.3% y/y compared to N551.5bn in Q1 2022 and N472.1bn in Q2 2021. Notably, the […]
A Significant Rise in CIT Collections, Increases by 29.5% QoQ in Q2 2022
September 12, 2022/FBNQuest Our chart today, drawn from data from the National Bureau of Statistics (NBS), shows that the nation’s total collections from company income tax (CIT) increased by 29.5% q/q and 51% y/y to c.NGN714bn in Q2 ‘2022. Cumulatively, CIT collections increased by 46% y/y to NGN1.27trn in H1 […]
