Company Income Tax revenue in Nigeria declined by 31 per cent in 2026, according to figures released by the National Bureau of Statistics (NBS).
The latest data, published on Wednesday, indicates a significant contraction in corporate tax collections compared to the preceding period, pointing to pressures on business profitability and overall fiscal revenue performance.
Company Income Tax is one of the key non-oil revenue streams for the Federal Government, alongside Value Added Tax and customs duties. A sharp drop in CIT receipts could have implications for government revenue targets and budgetary execution in the current fiscal year.
The NBS regularly tracks and publishes aggregate Company Income Tax collections across sectors, drawing data from the Federal Inland Revenue Service and other relevant tax authorities.
