Section 8

(1) A company shall include dividend income in its profits, gross Profits of a
of any tax paid or deducted at source. company
from certain
dividends
(2) Dividends received by a Nigerian company by way of shares
of the paying company shall not be included in its profits chargeable to
tax under this Act and shall not be subject to the deduction prescribed
under section 51 of Nigeria Tax Administration Act, 2025.