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Nigeria news, summarised

Short summaries of the day's Nigerian stories. No ads.

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The Punch

MTN Nigeria pays record N200bn in VAT each month.

MTN Nigeria pays approximately N200 billion in Value Added Tax (VAT) every month, according to the Presidential Fiscal Policy and Tax Reforms Committee. This makes MTN the company contributing the largest amount of VAT among all companies in Nigeria.

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The Punch

Foreign Firms Pay N3.8 Trillion in Taxes to FG Over Nine Months: Report

Foreign companies operating in Nigeria have paid a total of N3.85 trillion in taxes to the Federal Government in the first nine months of 2024, according to reports. This payment includes contributions from major firms such as Google, Netflix, and Facebook.

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