The National Bureau of Statistics (NBS) has recorded a 31 percent decline in Company Income Tax (CIT) collections for the 2026 fiscal period, according to data released by the bureau.
Details of the report, including absolute revenue figures, sectoral breakdowns, and the specific quarters in which the decline occurred, were not immediately available.
Company Income Tax is one of the major revenue streams for the Federal Government of Nigeria, levied on the profits of incorporated entities operating in the country. Significant movements in CIT collections often reflect broader trends in corporate profitability, compliance levels, and the overall business climate.
This report will be updated when additional information becomes available.
