Nigeria’s company income tax drops to N1.37tn in Q1 2026 — NBS

Nigeria’s company income tax, CIT, decreased in the first quarter of 2026 to N1.37 trillion.

The National Bureau of Statistics, NBS, disclosed this in its CIT report released on Monday.

The report showed that the country’s CIT dropped by 8.98 percent when compared to N1.449 trillion collected in Q4 2025.

Further breakdown showed that domestic CIT stood at N538.91 billion, while foreign payments accounted for N828.82 billion in the period under review.

“Company Income Tax (CIT) in Q1 2026 stood at N1.37 trillion, indicating a decrease of 8.08 percent on a quarter-on-quarter basis from N1.49 trillion in Q4 2025.

“Of the total CIT collected, domestic CIT contributed N538.91 billion, while foreign CIT payment accounted for N828.82 billion during the quarter,” the NBS stated.