Nigerian Coys On Track to Declare Huge Profits

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Nigerian companies are on track to pay significantly more taxes in 2025 and the largest payouts in corporate history.

This is according to data from a cross-section of publicly available financial statements reviewed by Nairametrics.

Data from about 30 listed companies on the NGX (excluding banks and insurance firms) show that about N1.007 trillion in corporate taxes was accrued in the first six months of the year, already higher than the N664.09 billion recorded for the entire 2024 financial year.

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