Company Income Tax in Nigeria: Rate, Rules and Filing
A plain guide to company income tax under the Nigeria Tax Act 2025: who pays, the rates, what you can deduct and when to file.
Based on the Nigeria Tax Act 2025 and the Nigeria Tax Administration Act 2025, in force from 1 January 2026.
In 30 seconds
Company income tax, also called corporate income tax or corporate tax in Nigeria, is charged on a company's total profits for each year of assessment. A small company pays 0%. Every other company pays 30% (section 56).
A large company must also pay a top-up so that its effective tax rate is at least 15% (section 57). Most companies that are not small also pay a 4% development levy.
30%Standard company rate
0%Small companies
15%Minimum effective rate for large companies
6 monthsTo file after the financial year ends
Who pays corporate income tax in Nigeria
A Nigerian company is taxed on its profits wherever they arise. It does not matter whether the money is brought into Nigeria (section 6).
The Act treats a company as Nigerian in three cases. It is formed, registered or incorporated in Nigeria. Its central place of management or control is Nigeria. Or its effective place of management or control is Nigeria (section 201).
A non-resident company is taxed only on income from Nigeria. This covers profit linked to a permanent establishment or a significant economic presence. It also covers payments from Nigeria for services supplied from abroad, and for insurance premiums (section 17(3)).
Tax withheld from those service and insurance payments is the final tax on the payment. The exception is a company that has a permanent establishment or significant economic presence in Nigeria (section 17(4)).
Company income tax rate in Nigeria: 0%, 30% and the 15% floor
The turnover limit is the point to check, because two figures are in circulation. Published checks of the gazetted Act (TheCable and KPMG Nigeria) report gross turnover of N50,000,000 or less, with total fixed assets not above N250,000,000. They say a business that provides professional services is not a small company. An earlier harmonised version used N100,000,000.
The text of section 201 hosted on this site shows N100,000,000 and has no professional services rule. We are checking it against the Gazette page. Until that is done, treat N50,000,000 as the safe limit and confirm with the NRS.
A company must meet both the turnover limit and the fixed assets limit. If it goes over either one, it is not small and the 30% rate applies.
About the 25% rate. The President may reduce the 30% rate to 25%, by an order made on the advice of the National Economic Council. The order sets the start date. Until an order is published, 30% applies.
How to calculate company income tax in Nigeria
The Act works in five steps.
Take the profit of the accounting period before the year of assessment (section 22). A new business starts from the day it begins in Nigeria and runs to the end of its first accounting period (section 22(2)).
Add back the expenses it does not allow (section 21).
Add chargeable gains. Then take off losses and capital allowances (section 27).
Apply the rate in section 56. The result is the tax for the year.
A worked example
A company that is not small shows a profit of N100,000,000 in its accounts. It adds back N8,000,000 of depreciation, because depreciation is not deductible. It then claims N18,000,000 of capital allowances.
Step
Amount
Profit per the accounts
N100,000,000
Add back depreciation
N8,000,000
Assessable profits
N108,000,000
Less capital allowances
(N18,000,000)
Total profits
N90,000,000
Company income tax at 30%
N27,000,000
The 4% development levy is a separate charge on top of this. This is an illustration. A real computation has more adjustments.
Expenses you can deduct
An expense is deductible if it is wholly and exclusively incurred in producing the income (section 20). The Act gives examples.
Interest on debt used to earn the income, within the Third Schedule limit.
Rent on land or buildings used in the business.
Salaries, wages and staff benefits.
Repairs to premises, plant and machinery.
The cost of establishing or defending title to an asset.
Contributions to approved pension schemes.
Bad and doubtful debts, with proof.
Research and development.
Assistive devices and disability-related products.
The interest cap
Interest paid to a connected person is capped. The part above 30% of earnings before interest, taxes, depreciation and amortisation (EBITDA) is not deductible.
A Nigerian subsidiary of a foreign company that carries on banking or insurance is outside the cap. Interest that is not used can be carried forward for up to five years (Third Schedule).
Capital expenditure and capital withdrawn from the business.
Private or domestic spending.
Taxes on profits or income.
Depreciation and impairment. Capital allowances apply instead.
Fines and penalties.
Payments to connected persons that break the Transfer Pricing Regulations.
Costs of earning income that is exempt from tax.
Any expense on which VAT was due but not charged. For imports, the same applies where import duty was not paid.
Check your VAT. The last rule links VAT to income tax. An asset on which VAT was due but not charged may also fail to qualify for capital allowance (section 27(2)(b)).
The 15% minimum effective tax rate
section 57 adds a floor for large companies. If a company's effective tax rate for the year is below 15%, it must recompute and pay extra tax to reach 15%.
The effective rate is covered taxes divided by net income. Covered taxes are company income tax, petroleum profit tax, hydrocarbon tax, the development levy and the priority sector tax credit.
Net income is profit before tax in the audited accounts. It excludes franked investment income and what the Act calls unrealistic gains or losses.
The floor applies to two groups. The first is a company in a multinational group with aggregate group turnover of at least 750 million, or its equivalent. The gazette prints the currency symbol as £. The second is any other company with aggregate turnover of N50,000,000,000 or more in the financial year (section 57(2)).
Free zone entities are outside the floor for their approved activities. They are inside it for sales into the customs territory (section 57(3)). The Service may issue regulations and set a higher threshold (section 57(4)).
Chargeable gains
Gains on the disposal of chargeable assets are added to assessable profits to form total profits (section 27(1)). The gains rules are in sections 33 to 55. Because gains sit inside total profits, a company pays tax on them at the same rate as its other profits.
NRS guidelines dated 29 June 2026 are reported to confirm this. Company gains are taxed at the standard company rates, 0% or 30%.
Filing and paying
Filing dates and penalties sit in the Nigeria Tax Administration Act (NTAA), not in the NTA. The Nigeria Revenue Service (NRS) collects company income tax and publishes the tax calendar.
Annual return: within six months after the accounting year ends (NTAA section 11(5)). A new company files within 18 months of incorporation, or six months after its first accounting period ends, whichever is earlier.
Payment: tax is paid in equal monthly instalments, with a final instalment (NTAA section 50).
Late filing: N100,000 for the first month and N50,000 for each month after (NTAA section 101, as reported).
Accounts: attach audited financial statements.
Platform: the NRS launched its Rev360 platform in June 2026 to replace TaxPro Max, as reported.
The Companies Income Tax Act has been repealed: what changed
Section 195 repeals the Companies Income Tax Act, the Petroleum Profits Tax Act and the Capital Gains Tax Act, among others. The Nigeria Tax Act now holds the rules.
Company size has two bands: small (0%) and all others (30%).
Large companies face a 15% minimum effective tax rate.
Interest paid to connected persons is capped at 30% of EBITDA.
A 4% development levy replaces several separate levies.
Common mistakes
Deducting depreciation instead of claiming capital allowances.
Testing only turnover for small company status. Fixed assets count too.
Forgetting the development levy once the company stops being small.
Ignoring the 15% floor in a group or a very large company.
Frequently asked questions
What is the company income tax rate in Nigeria in 2026?
Most companies pay 30% (section 56). A small company pays 0%. The President can reduce the 30% rate to 25% by an order, but only once an order is published.
Who is a small company under the Nigeria Tax Act?
Reports on the gazetted Act give gross turnover of N50,000,000 or less and total fixed assets of N250,000,000 or less, and exclude businesses that provide professional services. An earlier version used N100,000,000. Confirm the figure with the NRS.
Do small companies pay the development levy?
No. The 4% levy does not apply to small companies or non-resident companies (section 59(1)).
What is the minimum effective tax rate?
It is a 15% floor for large companies (section 57). If covered taxes divided by net income is below 15%, the company pays extra tax to reach 15%.
Are foreign companies liable to company income tax in Nigeria?
Yes, on income from Nigeria. This includes profit linked to a permanent establishment or significant economic presence, and some payments for services from abroad (section 17).
Can I deduct depreciation?
No. Depreciation and impairment are not deductible (section 21). You claim capital allowances instead, under the First Schedule (section 27).
Is interest deductible?
Yes, if it is incurred to earn the income. Interest paid to a connected person above 30% of EBITDA is not deductible (Third Schedule).
When is the company tax return due?
Within six months after the accounting year ends, under section 11(5) of the Nigeria Tax Administration Act. A new company files within 18 months of incorporation or six months after its first accounting period, whichever is earlier.
What is corporate income tax in Nigeria?
It is the tax on company profits. The Act calls it income tax on companies. The rate is 30%, or 0% for a small company (section 56).
Is the Companies Income Tax Act still in force?
No. Section 195 repeals it from the commencement of the Nigeria Tax Act. The company tax rules are now in Chapter Two of the NTA.
These are the sections this guide relies on, as published in the Official Gazette. Open any one to read it.
Section 56 Rate of tax for companies
Tax shall be levied, for each year of assessment in respect of total profits of every company, in the case of —
(a)
a small company, at 0% ; and
(b)
any other company, at the rate of 30% from the commencement of this Act.
Provided that the rate under shall be reduced to 25% effective from a date as may be determined in an order issued by the President on the advice of the National Economic Council
The following shall apply for the purpose of determination the effective tax rate under this section :
(a)
notwithstanding any provision of this Act or any other enactment, where, in any year of assessment, the effective tax rate that is, covered taxes as a percentage of net income, of a company is less than 15%, such company shall recompute and pay an additional tax that makes its effective tax rate equal to 15% ;
(b)
cover taxes for the purpose of this section means companies income tax, petroleum profit tax, and hydrocarbon tax paid or payable, development levy, and priority sector tax credit ; and
(c)
net income refers to the profit before tax as reported in the audited financial statements excluding franked investment income and unrealistic gains or losses :
Provided that the net income for a life insurance company shall not include gross income and investment income for policyholders.
(2)
The provisions of this section shall apply to —
(a)
a company that is a constituent entity of a Multinational Entity group, with aggregate group turnover of at least £750 million or its equivalent ; and
(b)
any other company with an aggregate turnover of N50,000,000,000 and above in the financial year.
(3)
The provisions of subsection (1) (a) of this section shall not apply to an approved enterprise operating in a free zone with rspect to its approved activities except —
(a)
with respect to sale within the customs territory ;
(b)
an entity as prescribed under subsection (2) (a) of this section.
(4)
The service may issue regulations to give effect to the provisions under this section and may prescribe a higher threshold under subsection
Except where the provisions of section 18 of this Act or Part XI of Chapter Two apply, for the purposes of ascertaining the profits or loss from any trade, business, profession or vocation under this Act, there shall be deducted all expenses for that period wholly and exclusively incurred in the production of the income, including —
(a)
any sum payable by way of interest on debt employed in generating the income of the trade, business, profession or vocation, subject to the provisions of the Third Schedule to this Act ;
(b)
rent and premiums, incurred during that period, in respect of land or building occupied for the purposes of generating the income ;
(c)
any outlay or expenses incurred in respect of —
(i)
salary, wages or other remuneration paid to employees, and
(ii)
cost to the company of any benefit or allowance provided to its employees ;
(d)
any expense incurred for repair of premises, plant, machinery or fixtures employed in acquiring the income, or for the renewals, repair or alteration of any implement, utensil or articles so employed ;
(e)
any amount of expenditure incurred for establishing, preserving or defending title to or rights over an asset ;
(f)
any contribution to any staff pension, provident or other retirement benefits fund, society or scheme approved under the Pension Reform Act or any similar enactment in Nigeria ;
(g)
any expense proven to the satisfaction of the relevant tax authority to have been incurred, being damage to, or loss of stock or inventory of the trade, business, profession or vocation ;
(h)
bad or doubtful debts incurred during a trade or business, notwithstanding that the debts were due and payable before the commencement of the basis period, being —
(i)
debts becoming bad during the said basis period other than bad debt incurred in respect of transaction with a related party,
(ii)
doubtful debts estimated in accordance with generally acceptable accounting principles and to the extent that it is proven, to the satisfaction of the relevant tax authority, that the debts in respect of which a deduction is claimed were incurred during the company's business operations that produced the assessable profits ;
(i)
any expense incurred by the trade, business, profession or vocation on research and development for the period ;
(j)
any other expense incurred during any previous period for the purpose of such trade or business, or specifically for the period which the profits are being ascertained, provided that any expenditure incurred within six years prior to commencement of business which would have been deductible if incurred after commencement of business, shall be deemed to have been incurred on the first day of commencing the trade or business ;
(k)
dividends or mandatory distributions made by a real estate investment company duly approved by the Securities and Exchange Commission, to its shareholders ;
(l)
compensating payments made by a lender to its approved agent or a borrower in a regulated securities lending transaction, which qualify as interest under section 4 (6) (a) (ii) of this Act ;
(m)
any expense incurred by a person on assistive devices and disability-related products including hearing aids, wheelchairs, and braille materials.
(2)
Notwithstanding the provision of subsection (1)(h) of this section, in determining bad or doubtful debts deductible —
(a)
appropriate reduction shall be made in respect of any amount that had been allowed for deduction in any previous period in respect of the same debt ; and
(b)
all sums recovered on account of sums previously written off or allowed for deduction in respect of bad or doubtful debts shall be added to the profits of the trade, business, profession or vocation in the period of recovery.
(3)
Liability waived, released or recovered shall be included in the assessable profits or chargeable gains in accordance with section 194 of this Act.
(4)
Notwithstanding anything to the contrary contained in any law, an expense incurred in a currency other than the Naira may only be deducted to the extent of its Naira equivalent at the official exchange rate published by the Central Bank of Nigeria for the relevant date or period.
A deduction shall not be allowed for the purposes of ascertaining the profits or income from any trade, business, profession or vocation in respect of —
(a)
capital repaid or withdrawn from a trade, business, profession or vocation ;
(b)
any expenditure of a capital nature ;
(c)
domestic or private expense, or expenditure on assets not used for the purpose of trade, business, profession or vocation ;
(d)
any sum recoverable under an insurance or contract of indemnity;
(e)
taxes on profit or incomes levied in Nigeria or elsewhere ;
(f)
any payment to a savings, widows and orphans, pension, provident or other retirement benefit fund, society or scheme not approved under the Pension Reform Act or any similar enactment in Nigeria ;
(g)
depreciation or impairment of any fixed asset, investment or an unrealised exchange difference on any item denominated in foreign currency ;
(h)
any sum reserved out of profits subject to the provisions of section 20
(j)
of this Act ;
(i)
any payment to a connected person that is not consistent with the Transfer Pricing Regulations issued by the Service ;
(j)
any expense incurred in deriving an income that is exempt from income tax ;
(k)
any expense allowable as a deduction in determining chargeable gains under this Act ;
(l)
penalty or fine imposed under any law ;
(m)
any tax or penalty borne on behalf of another person;
(n)
any compensating payment made by a borrower, which qualifies as dividends under this Act, to its approved agent or to a lender in a regulated securities lending transaction ;
(o)
any compensating payment made by an approved agent, which qualifies as interest or dividends under this Act, to a borrower or lender in a regulated securities lending transaction ; or
(p)
any expense on which Value Added Tax is due under this Act but was not charged, or in the case of imported items, any expense on which the applicable import duty or levy was not paid.
Section 22 Basis for computing assessable profits for trade or business
(1)
Except as provided in this section, the profits of any trade, business, profession or vocation for each year of assessment (the assessable profits) shall be the profits of the accounting period immediately preceding the year of assessment from all sources.
(2)
Notwithstanding the provisions of subsection (1) of this section, the assessable profits of the first year of assessment for a new business, shall be the profits from the date in which such trade, business, profession or vocation commences in Nigeria to the end of the first accounting period.
Section 27 Ascertainment of total profits of companies
(1)
The total profits of a company for any year of assessment, shall be the amount of its total assessable profits from all sources, including chargeable gains computed in accordance with Part VIII of Chapter Two, less the amount of any loss ascertained in accordance with subsection (6) of this section, and capital allowance in accordance with the provisions of Part I of the First Schedule to this Act.
(2)
The capital allowance to be deducted in accordance with the provisions of Part I of the First Schedule shall be the amount relating to the qualifying capital expenditure incurred in generating the assessable profits:
Provided that ––
(a)
in the case of companies in the priority sector, certificate of acceptance issued by the Industrial Inspectorate Department shall be obtained inrespect of the qualifying capital expenditure ; and
(b)
where value added tax is due under this Act but not charged on an asset, or in the case of an imported item, where the applicable import duty or levy was not paid, the relevant expenditure shall not be eligible as a qualifying capital expenditure.
(3)
Where the qualifying capital expenditure is in relation to an asset that is only partly utilised in generating the assessable profits, the capital allowance on such qualifying capital expenditure shall be prorated and only the portion relating to the taxable income shall be allowed as a deduction.
(4)
The capital allowance computed shall not be prorated where the non-taxable income constitutes less than 10% of the total income of the company.
(5)
Notwithstanding the provisions of subsection (4), the portion of capital allowance attributable to priority activities of a company that enjoys economic development incentive under this Act shall be deducted only from the assessable profits of the priority business.
(6)
The amount of loss deductable under subsection (1) of this section shall be subject to the following conditions —
(a)
in no circumstances shall the aggregate loss deductions from the assessable profits or income exceed the amount of that loss ;
(b)
loss can only be deducted from the trade or business in which the loss was incurred ;
(c)
the loss shall be deducted to the extent possible from the amount of the assessable profits of the first year of assessment after that in which the loss was incurred, and in subsequent years until the loss is fully recouped ; and
(d)
the loss incurred during any year of assessment shall be computed, in accordance with the basis period provided in sections 22 to 25 of this Act.
(7)
Notwithstanding subsection (6) of this section or any provision of this Act, any loss incurred in any period from sales, disposal or any other transaction in digital assets shall only be deductible in determining the profits from the business relating to digital or virtual assets.
The profits of a Nigerian company are deemed to accrue in Nigeria wherever the profits arise and whether or not such profits have been brought into or received in Nigeria.
(2)
Where a foreign company which is controlled by a Nigerian company has not, in a year, distributed profits to its shareholders, the proportion of the profits of the controlled foreign company attributable to the Nigerian company, which could have been distributed without detriment to the company's business shall be construed as distributed and included in the profits of the Nigerian company for the purposes of subsection (1) of this section.
(3)
Where the income tax paid by a non-resident company which is a subsidiary of a Nigerian company or a member of a multinational group of a Nigerian company in any year yields less than the minimum effective tax rate prescribed by this Act, the Nigerian parent company shall pay an amount to make that non-resident subsidiary's income tax equal to the minimum effective tax rate.
(4)
The Nigeria Revenue Service (the Service) shall provide detailed rules for the implementation of subsections (2) and (3) of this section.
The income, profits or gains of a non-resident person accruing in, or derived from Nigeria are chargeable to tax in accordance with the provisions of this Act.
(2)
Gains derived by a non-resident person from disposal of chargeable assets are taxable in Nigeria where the gains relate to –
(a)
a trade, business, profession or vocation carried on by the non-resident person in Nigeria ;
(b)
any asset located in Nigeria ; or
(c)
any asset deemed to be located in Nigeria under this Act.
(3)
Profits derived from any trade, business, profession or vocation carried on by a non-resident person are taxable in Nigeria where —
(a)
the person has a permanent establishment or significant economic presence in Nigeria to the extent that the profit is attributable to the permanent establishment or significant economic presence ;
(b)
payment is made by a person resident in Nigeria or a permanent establishment of a non-resident person in Nigeria, in respect of services furnished from outside of Nigeria to a resident of Nigeria or a Nigerian permanent establishment of a non-resident person, except where the payment is made —
(i)
to an employee of the person making the payment under a contract of employment,
(ii)
by an individual for teaching in an educational institution or for teaching by an educational institution, or
(iii)
by a foreign permanent establishment of a Nigerian resident and the expense is borne by that permanent establishment ;
(c)
payment is made to that person by a person resident in Nigeria or a Nigerian permanent establishment of a non-resident person, in respect of insurance premiums or risks insured from the territory of Nigeria.
(4)
Any amount deducted at source in line with section 50 of Nigeria Tax Administration Act from the payments made for any of the activities mentioned in subsection (3) (b) and (c) of this section, shall be the final tax on that payment unless the person has a permanent establishment or significant economic presence in Nigeria to which the payment is attributable.
(5)
The income, profits or gains of a non-resident person that are attributable to its permanent establishment in Nigeria shall be ascertained in accordance with the provisions of this Act, subject to the following conditions —
(a)
the permanent establishment shall be deemed to have the same credit rating as the non-resident company of which it is a permanent establishment;
(b)
the permanent establishment shall be deemed to have such equity and loan capital as it could reasonably be expected to have in line with section 191 of this Act ;
(c)
the taxable profits to be attributed to the permanent establishment shall include income arising from the —
(i)
sale of goods or merchandise of the same or similar kind as those sold through that permanent establishment, made directly to Nigeria by the non-resident person or its connected persons, and
(ii)
furnishing of services or any other business activity carried on in Nigeria by the non-resident or its connected persons of the same or similar kind as those effected through the permanent establishment;
(d)
deduction shall not be made in respect of any cost except it was incurred for and in the production of the taxable profits attributable to the permanent establishment ; and
(e)
deduction shall not be allowed in respect of amounts paid or payable, by the permanent establishment to the non-resident person or any of its connected persons, by way of royalties, fees or similar payments in return for the use of patents or other rights, other than towards reimbursement of actual expenses.
(6)
Where the total profits attributable to a permanent establishment or significant economic presence in Nigeria cannot be ascertained in accordance with subsection (5) of this section, the total profits shall be the amount resulting from applying the profit margin of the non-resident person to the total income generated from Nigeria.
(7)
Where the total profits attributable to the permanent establishment or significant economic presence in Nigeria is lower than an amount resulting from applying the profit margin of the non-resident person to the total income generated from Nigeria, the total profits shall be the amount resulting from applying the profit margin of the non-resident person to the total income generated from Nigeria.
(8)
Notwithstanding the provisions of subsections (6) and (7) of this section, the tax payable under this section shall not be less than the tax withheld at source under Nigeria Tax Administration Act, and where the income is not liable to a deduction of tax under Nigeria Tax Administration Act, 4% of the total income generated from Nigeria.
(9)
For the purposes of this section —
(a)
a non-resident person is deemed to have a permanent establishment in Nigeria where the person —
(i)
has a place, in Nigeria, through which its business is wholly or partly carried on or at its disposal for the purposes of its business,
(ii)
operates a trade or business through a person in Nigeria authorised to conduct on its behalf, or on behalf of some other persons controlled by it, or which have a controlling interest in it,
(iii)
maintains a stock of goods or merchandise in Nigeria from which deliveries are made by a person on its behalf,
(iv)
solely or together with any other person, executes a project in Nigeria involving surveys, designs, deliveries, building, construction, assembly or installation, commissioning or decommissioning or any supervisory activity in connection with those activities, irrespective of any split or number of entities that performed any of the activities of the project and whether or not only part of the project was carried out in or outside Nigeria, or
(v)
furnishes any service in Nigeria through employees, agents, subcontractors or other persons engaged by it for such purpose ;
(b)
a non-resident person shall, subject to any regulations that may be issued by the Minister to that effect, have a significant economic presence in Nigeria where the person transmits, emits or sends by itself or through other person, signals, sounds, messages, images or data of any kind by cable, radio, electromagnetic systems or any other electronic or wireless apparatus to Nigeria in respect of any activity, including electronic commerce, application store, high frequency trading, electronic data storage, online adverts, participative network platform, online payments, supply of userdata, search engines, digital content services, online gaming, cloud computing, online teaching services, and so on, and profit can be attributable to such activity ;
(c)
a non-resident person shall not be deemed to have a permanent establishment or significant economic presence in Nigeria solely by reason of employing persons resident in Nigeria, to the extent that the duties of such employment are not performed primarily for customers in Nigeria ;
(d)
"a place" means any location in Nigeria, whether owned, rented, leased or otherwise available for the use of the person, irrespective of the length of time it is used and shall include —
(i)
a place of management,
(ii)
a branch,
(iii)
a sales outlet,
(iv)
an office,
(v)
a factory,
(vi)
a workshop,
(vii)
a mine, a well for crude oil, gas, bitumen, water or any other natural resource, a quarry or any other place of extraction or exploitation of natural resources, or any supervisory activity in connection thereto,
(viii)
facilities, including vessel, any installation or structure, used in the exploration of natural resources, or any supervisory activity in connection with such facilities,
(ix)
a building, construction, assembly or installation site, or
(x)
any place for performing supervisory activity or any service or activity ;
(e)
"profit margin" of a person shall be the proportion of the earnings before interest and tax (EBIT) to income or revenue in its published audited financial statement, and in the case of persons that have no published financial statements for the period or are not required to publish financial statements, the profit margin as may be ascertained by the relevant tax authority from the published financial statements of a comparable company.
Dates and penalties come from the Nigeria Tax Administration Act 2025 and the NRS tax calendar; some points are as reported. Source for the Act: Nigeria Tax Act, 2025 (Act No. 7 of 2025), Official Gazette No. 117, Lagos, 26 June 2025. General information, not tax or legal advice.