Section 7

(1) Nigerian dividends include –
dends
(a) dividend distributed by a Nigerian company, and shall be the gross
amount of that dividend before any deduction; and
(b) any amount of the undistributed profit of a Nigerian company, which
is treated as distributed under the provisions of any law in Nigeria.
(2) The income from a dividend distributed by a Nigerian company is
deemed to arise on the day on which payment of that dividend becomes due.
Nigeria Tax Act, 2025 2025 No. 7 A 397