Effective bank tax rate reached 8.08% in 2016 in Nigeria, according to the National Central Bank. This is 50.4% more than in the previous year.
Historically, effective bank tax rate in Nigeria reached an all time high of 124% in 2011 and an all time low of 5.38% in 2015.
Nigeria has been ranked 88th within the group of 99 countries we follow in terms of effective bank tax rate.
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