6 Banks Pay Over N751bn Tax To Govt In 2024
Six banks paid N751.796 billion as income tax to the Federal and State Governments and agencies for the 2024 financial year ended on December 31, 2024.
The figure represents a 189.9 per cent increase from the N395.79 billion tax paid in the 2023 financial year.
A News Agency of Nigeria NAN correspondent that monitored the banks audited statements on Nigerian Exchange Group NGX platform reveals that the banks also recorded profits in their earnings.
The banks analysed include Zenith Bank Plc, Guaranty Trust Holding Company GTCO Plc, United Bank for Africa UBA Plc, Fidelity Bank Plc, Stanbic IBTC Holdings Plc and Wema Bank Plc.
Guaranty Trust Holding Company GTCO paid N248 billion as against N69.65 billion paid in the corresponding period of 2023.