The National Bureau of Statistics (NBS) has published data showing that Company Income Tax (CIT) collections in Nigeria fell by 31% during the 2026 reporting period.
The latest figures from the NBS highlight a notable downturn in corporate tax revenue compared with the preceding period, reflecting a contraction in the tax contributions from businesses operating across the country.
Company Income Tax is a key component of Nigeria's non-oil revenue base, and sharp movements in CIT collections are closely watched by fiscal policymakers and market analysts alike.
Further details on sectoral breakdowns, geographical distribution of tax receipts, and the specific drivers behind the decline were expected to accompany the full NBS report.
