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 […]
OPINION/EDITORIAL
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 […]
UBA Delivers Robust Profit Growth in 2Q22
September 12, 2022/FSDH Research FSDH Initial Reaction: United Bank for Africa 2Q22 results Kindly click here to download the report. Key Performance Highlights: United Bank for Africa reported solid net profit numbers for 2Q22, with the gross earnings jumping 17.7% YoY and the profit soaring 28.6% YoY to N41.5 billion […]
