The National Bureau of Statistics (NBS) has reported that Company Income Tax (CIT) receipts fell by 31 percent in 2026.
Details of the report, including the specific quarter or period referenced, the absolute naira value of collections, and sectoral breakdowns, were not immediately available at the time of publication.
A decline of this magnitude in corporate income tax revenue may reflect broader pressures on business profitability, compliance levels, or changes in the tax base during the period. Company Income Tax remains a critical component of Nigeria's federally collected revenue, alongside Value Added Tax and petroleum profit taxes.
Further analysis is expected once the full NBS report is made public.
