The National Bureau of Statistics (NBS) has reported that Company Income Tax (CIT) collections in Nigeria fell by 31 per cent in 2026.
The data, published on 29 July 2026, indicates a notable contraction in corporate tax revenue for the period under review. No further breakdown of the figures — including sectoral performance, absolute amounts, or comparative quarterly data — was immediately available at the time of reporting.
Company Income Tax is a key component of Nigeria's non-oil revenue base, levied on the profits of incorporated entities operating in the country. Significant fluctuations in CIT collections can have direct implications for government revenue projections and fiscal planning.
