• About
  • Advertise
  • Privacy & Policy
  • Contact
Ayoki News
  • Breaking News
  • International News
  • Politics
  • Entertainment
    • All
    • Music
    R. Kelly sentenced to 30 years imprisonment for sex abuse

    R. Kelly sentenced to 30 years imprisonment for sex abuse

    BREAKING: Nollywood actress, Funke Akindele’s marriage crashes

    BREAKING: Nollywood actress, Funke Akindele’s marriage crashes

    Davido makes N144.5m from “We rise by lifting others” ticket sales

    Davido makes N144.5m from “We rise by lifting others” ticket sales

    Watch snippet of ‘Buga’ video as Kizz Daniel fixes release date

    Watch snippet of ‘Buga’ video as Kizz Daniel fixes release date

    Justin Bieber illness video heartbreaking – UK patient with same condition says

    Justin Bieber illness video heartbreaking – UK patient with same condition says

    Justin Bieber diagnosed with Partial face paralysis (VIDEO)

    Justin Bieber diagnosed with Partial face paralysis (VIDEO)

  • Business
  • Technology
  • Health
  • Sponsored
  • Others
    • Celebrity
    • Cryptocurrency
    • Religion
    • Sport
    • Education
    • Finance
    • Lifestyle
    • News
    • Column
No Result
View All Result
  • Breaking News
  • International News
  • Politics
  • Entertainment
    • All
    • Music
    R. Kelly sentenced to 30 years imprisonment for sex abuse

    R. Kelly sentenced to 30 years imprisonment for sex abuse

    BREAKING: Nollywood actress, Funke Akindele’s marriage crashes

    BREAKING: Nollywood actress, Funke Akindele’s marriage crashes

    Davido makes N144.5m from “We rise by lifting others” ticket sales

    Davido makes N144.5m from “We rise by lifting others” ticket sales

    Watch snippet of ‘Buga’ video as Kizz Daniel fixes release date

    Watch snippet of ‘Buga’ video as Kizz Daniel fixes release date

    Justin Bieber illness video heartbreaking – UK patient with same condition says

    Justin Bieber illness video heartbreaking – UK patient with same condition says

    Justin Bieber diagnosed with Partial face paralysis (VIDEO)

    Justin Bieber diagnosed with Partial face paralysis (VIDEO)

  • Business
  • Technology
  • Health
  • Sponsored
  • Others
    • Celebrity
    • Cryptocurrency
    • Religion
    • Sport
    • Education
    • Finance
    • Lifestyle
    • News
    • Column
No Result
View All Result
Ayoki News
No Result
View All Result
Home News Business

[NBS Report]: Nigeria’s company income tax rises 53% to N532.4bn in Q1’22

Victor Amadu by Victor Amadu
May 26, 2022
in Business
0
[NBS Report]: Nigeria’s company income tax rises 53% to N532.4bn in Q1’22
Share on FacebookShare on Twitter

The National Bureau of Statistics (NBS), has released a report detailing Nigeria’s Company Income Tax (CIT) increase by 53% from the previous quarter to N532.48 billion in Q1 2022 from N347.8 billion in Q1 2021. ayokinews.com reports

According to the NBS’s CIT report for Q4’21, which was released on Thursday, the top three best contributing sectors in Q1’22 are manufacturing with 21.31%, Information and Communication with 14.03%, and Financial & Insurance making up 12.20%.

ReadAlso

NGX: Investors lose N807bn in days as equities market decline persists

Nigerian bakers threaten strike as prices of bakery materials soar

The NBS report reads: ”On the aggregate, CIT for Q1’22 was reported at N532.48 billion, a growth rate of 53.09 per cent on a QoQ basis from N347.81billion in Q4’21.

“Local payments recorded were N209.13 billion in Q1’22, while Foreign CIT Payment contributed N323.35 billion.

“On a QoQ basis, the activities of extraterritorial organizations and bodies recorded the highest growth rate with 60.61 per cent, followed by Education with 39.8 per cent, and Construction with 38.9 per cent.

Read: Nigeria’s GDP improves by 3.11% in Q1 2022

“On the other hand, activities of households as employers, undifferentiated goods- and services-producing activities of households for own use had the lowest growth rate with 79.9 per cent, followed by accommodation and food service activities with -51.07 per cent.

“In terms of sectoral contributions, the top three largest shares in Q1 2022 were Manufacturing with 21.31 per cent, Information and communication with 14.03 per cent, and Financial and insurance with 12.20 per cent.

“Conversely, the activities of households as employers, undifferentiated goods- and services-producing activities of households for own use recorded the least share with 0.02 per cent, followed by activities of Water supply, sewerage, waste management and remediation with 0.19 per cent, and activities of extraterritorial organizations and bodies with 0.34 per cent.

“However, on a year-on-year basis, CIT collections in Q1’22 increased by 35.61 per cent from Q1’21.”

Check Also: Proposed tax increase in 2022: Matters arising

Tags: Company Income TaxNBS
Previous Post

JUST IN: Lagos APC bars Sanwo-Olu’s challenger from primary venue

Next Post

FBI recovers first tranche of $6 million from Mr Woodberry’s Bitcoin wallet

Victor Amadu

Victor Amadu

Victor Amadu is the CEO/Founder of Ayoki Media, a firm with interest in online news broadcast and advertisement.

Related Posts

NGX: Investors lose N807bn in days as equities market decline persists
Business

NGX: Investors lose N807bn in days as equities market decline persists

June 27, 2022
Nigerian bakers threaten strike as prices of bakery materials soar
Business

Nigerian bakers threaten strike as prices of bakery materials soar

June 25, 2022
Fuel Scarcity: Marketers insist product won’t sell above N165 per litre
Business

Fuel Scarcity: Marketers insist product won’t sell above N165 per litre

June 23, 2022
BUA Cement Plc projects N102.68 billion revenue in Q3 2022
Business

BUA Cement Plc projects N102.68 billion revenue in Q3 2022

June 13, 2022
FG investigates Bet9ja over alleged data breach, illegal accounts opening
Business

FG investigates Bet9ja over alleged data breach, illegal accounts opening

June 7, 2022
Youths in Nigeria, 12 other countries to benefit from AfDB’s entrepreneurship banks
Business

Youths in Nigeria, 12 other countries to benefit from AfDB’s entrepreneurship banks

May 28, 2022
Next Post
FBI recovers first tranche of $6 million from Mr Woodberry’s Bitcoin wallet

FBI recovers first tranche of $6 million from Mr Woodberry’s Bitcoin wallet

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Newsletter Signup

  • Trending
  • Comments
  • Latest
Apostle Suleman wants to kill me — Stephanie Otobo claims, releases ‘X-rated’ photos

Apostle Suleman wants to kill me — Stephanie Otobo claims, releases ‘X-rated’ photos

May 9, 2022
Oyebiyi Ladapo — Ikeja’s ‘New Dawn’

Oyebiyi Ladapo — Ikeja’s ‘New Dawn’

May 16, 2022
Luna Crashes to $0 as UST Losses its Peg; Bitcoin Rebounds Slightly

Luna Crashes to $0 as UST Losses its Peg; Bitcoin Rebounds Slightly

May 16, 2022
NCC rejects MTN, Airtel, GLO, others’ request to increase call, SMS charges

NCC rejects MTN, Airtel, GLO, others’ request to increase call, SMS charges

May 8, 2022
Terrorists Planning To Attack America – Primate Ayodele Warns

Terrorists Planning To Attack America – Primate Ayodele Warns

5
Primate Ayodele Calls For An End To ‘Politics Of Money’

Primate Ayodele Calls For An End To ‘Politics Of Money’

4
Olusegun Obasanjo

Africa’s Increasing Population Keeps Me Awake At Night – Olusegun Obasanjo

4
Femi Adesina

NNPC Declared Profit Because President Buhari Didn’t Make It A Personal ATM – Femi Adesina

4
Paul Okoye ‘Psquare’ wife files for divorce, accuses singer of sleeping with maid, chats leak

Paul Okoye ‘Psquare’ wife files for divorce, accuses singer of sleeping with maid, chats leak

July 1, 2022
2023: INEC extends voters registration indefinitely

2023: INEC extends voters registration indefinitely

July 1, 2022
Why I’m Standing With Bola Tinubu – Veteran Actor, Jide Kosoko

Why I’m Standing With Bola Tinubu – Veteran Actor, Jide Kosoko

June 30, 2022
R. Kelly sentenced to 30 years imprisonment for sex abuse

R. Kelly sentenced to 30 years imprisonment for sex abuse

June 30, 2022

Recent News

Paul Okoye ‘Psquare’ wife files for divorce, accuses singer of sleeping with maid, chats leak

Paul Okoye ‘Psquare’ wife files for divorce, accuses singer of sleeping with maid, chats leak

July 1, 2022
2023: INEC extends voters registration indefinitely

2023: INEC extends voters registration indefinitely

July 1, 2022
Why I’m Standing With Bola Tinubu – Veteran Actor, Jide Kosoko

Why I’m Standing With Bola Tinubu – Veteran Actor, Jide Kosoko

June 30, 2022
R. Kelly sentenced to 30 years imprisonment for sex abuse

R. Kelly sentenced to 30 years imprisonment for sex abuse

June 30, 2022
Ayoki News

Ayoki News is a Nigerian based international media organization, dedicated to the main core of true journalism. Our mission is to provide quality news reporting and coverage.

Follow Us

Browse by Category

Recent News

Paul Okoye ‘Psquare’ wife files for divorce, accuses singer of sleeping with maid, chats leak

Paul Okoye ‘Psquare’ wife files for divorce, accuses singer of sleeping with maid, chats leak

July 1, 2022
2023: INEC extends voters registration indefinitely

2023: INEC extends voters registration indefinitely

July 1, 2022
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2022 Ayoki Media.

No Result
View All Result
  • Breaking News
  • International News
  • Politics
  • Entertainment
  • Business
  • Technology
  • Health
  • Sponsored
  • Others
    • Celebrity
    • Cryptocurrency
    • Religion
    • Sport
    • Education
    • Finance
    • Lifestyle
    • News
    • Column

© 2022 Ayoki Media.