The National Bureau of Statistics (NBS) has reported that Company Income Tax (CIT) revenue in Nigeria fell by 31 percent in 2026.
The figures were published by Tax TV on 29 July 2026. No further breakdown of the data — including the actual naira amounts collected, sectoral performance, or comparative quarterly trends — was available at the time of this report.
Company Income Tax is a federal tax levied on the profits of incorporated entities operating in Nigeria, governed by the Companies Income Tax Act. Fluctuations in CIT receipts are closely watched as indicators of corporate profitability, compliance levels, and broader economic conditions.
Further details from the NBS report are expected to provide clarity on whether the decline stemmed from weakening corporate earnings, changes in tax policy, enforcement patterns, or other structural factors.
