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Bank Corporate Income Tax (Local Currency) in Nigeria

Source: IMF
Last Updated: July 24, 2023

Bank corporate income tax reached NGN 19,607 mil in second quarter of 2021 in Nigeria, according to the National Central Bank. This is 286% more than in the previous quarter.

Historically, bank corporate income tax in Nigeria reached an all time high of NGN 32,138 mil in 4Q2010 and an all time low of NGN -1,923 mil in 3Q2011.

Nigeria has been ranked 9th within the group of 40 countries we follow in terms of bank corporate income tax.

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