The National Bureau of Statistics (NBS) has reported a 31 percent decline in Company Income Tax (CIT) collections for the year 2026.
The data, published by the NBS, points to a significant drop in corporate tax receipts during the period, though detailed sectoral breakdowns and aggregate figures were not immediately available from the summary release.
Company Income Tax is a key component of Nigeria's non-oil revenue base and is levied on the profits of incorporated entities operating in the country. A contraction of this magnitude raises questions about corporate profitability, compliance levels, and the broader economic conditions that shaped the 2026 fiscal year.
Further details are expected as the NBS releases its full report on CIT collections for the period.
