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

Nigeria’s institution income tax, CIT, decreased successful the archetypal 4th of 2026 to N1.37 trillion.

The National Bureau of Statistics, NBS, disclosed this successful its CIT study released on Monday.

The study showed that the country’s CIT dropped by 8.98 percent erstwhile compared to N1.449 trillion collected successful Q4 2025.

Further breakdown showed that home CIT stood astatine N538.91 billion, portion overseas payments accounted for N828.82 cardinal successful the play nether review.

“Company Income Tax (CIT) successful Q1 2026 stood astatine N1.37 trillion, indicating a alteration of 8.08 percent connected a quarter-on-quarter ground from N1.49 trillion successful Q4 2025.

“Of the full CIT collected, home CIT contributed N538.91 billion, portion overseas CIT outgo accounted for N828.82 cardinal during the quarter,” the NBS stated.

Nigeria’s institution income taxation drops to N1.37tn successful Q1 2026 — NBS