The National Bureau of Statistics (NBS) has disclosed that Company Income Tax (CIT) collections fell by 31 percent in 2026, marking a significant contraction in one of Nigeria's key non-oil revenue streams.
No further breakdown of the figures — including sectoral contributions, aggregate revenue totals, or comparative data from prior periods — was immediately available at the time of this report.
Company Income Tax is levied on the profits of incorporated entities operating in Nigeria and represents a major pillar of federal government revenue. A decline of this magnitude could signal weaker corporate profitability, reduced compliance, or broader macroeconomic headwinds affecting business activity during the review period.
Analysts and fiscal policy observers are expected to scrutinise the full NBS report once released, with particular attention to which sectors experienced the steepest declines and whether the downturn reflects structural issues or temporary economic conditions.
This publication will be updated as more details become available.
