The National Bureau of Statistics (NBS) has disclosed that Company Income Tax (CIT) revenue declined by 31 per cent in 2026.
The figure, drawn from the Bureau's latest tax revenue data, points to a notable contraction in collections from corporate entities during the review period. Company Income Tax is a key component of Nigeria's non-oil revenue base and is levied on the profits of registered companies operating in the country.
The 31 per cent drop raises concerns about the health of corporate earnings and broader compliance levels within the tax system. Company Income Tax performance is typically viewed as a barometer of business activity, and a decline of this magnitude may reflect headwinds in the operating environment faced by businesses across various sectors.
Further details, including the absolute naira value of CIT collections, comparative figures from the prior period, and a breakdown by sector, were not immediately available at the time of this report.
Analysts and stakeholders in Nigeria's fiscal policy space will be watching closely for the full NBS report to assess the underlying drivers of the decline and its implications for government revenue targets in the 2026 fiscal year.
