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Company Income Tax in Nigeria fell to N1.37 trillion in Q1 2026, a 8.08% quarter-on-quarter declineData breakdown shows domestic companies paid N538.91 billion, while foreign payments were N828.82 billionFinancial services, mining, and manufacturing led sectoral contributions, while households recorded the smallest shares
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The National Bureau of Statistics (NBS) has revealed that Nigeria’s Company Income Tax (CIT) collections stood at N1.37 trillion in Q1 2026, representing an 8.08% decline from the N1.49 trillion recorded in Q4 2025.
This was disclosed in the bureau’s latest Company Income Tax report covering Q1 2026.
Company Income Tax falls to N1.37 trillion in Q1 2026 Photo: BloombergSource: Getty Images
The data shows that total CIT collections were driven by both domestic and foreign payments across key sectors of the economy.
