Nigeria’s Company Income Tax Drops to N1.37 Trillion in Q1 2026
By Aboki Forex —
The National Bureau of Statistics says Nigeria’s Company Income Tax collections fell to N1.37 trillion in the first quarter of 2026. That is an 8.08% drop from the N1.49 trillion recorded in the previous quarter.
Domestic companies paid N538.91 billion into the tax pool. Foreign companies contributed N828.82 billion during the same period.
Sectoral data shows water supply, sewerage, waste management and remediation activities recorded the highest growth rate at 485.71%. Activities of households as employers and undifferentiated goods-and-services-producing activities came next with a 197.04% jump.
Financial services, mining and manufacturing led overall sectoral contributions. Households recorded the smallest shares.
Company Income Tax is a levy on the profits of registered businesses operating in Nigeria.