Nigeria's Company Income Tax (CIT) receipts fell by 31 per cent in 2026, according to data released by the National Bureau of Statistics (NBS).
The significant decline points to a sharp reduction in corporate tax remittances during the review period, though the NBS report did not provide a breakdown of the specific factors behind the drop.
Company Income Tax is a key component of Nigeria's non-oil revenue base and is levied on the profits of registered companies operating in the country. A contraction of this magnitude is likely to draw attention from fiscal authorities and economic analysts monitoring the nation's revenue performance.
Further details from the full NBS report were not immediately available at the time of publication.
