Nigeria’s Company Income Tax (CIT) rose significantly to N9.21 trillion in 2025, marking a 41 per cent increase from the N6.53 trillion recorded in 2024, even as collections declined sharply in the final quarter of the year.According to the latest figures released by the National Bureau of Statistics (NBS), CIT dropped by 49.81 per cent quarter-on-quarter to N1.49 trillion in Q4 2025, compared to N2.96 trillion recorded in Q3, indicating a slowdown in revenue performance towards year-end.A breakdown of the Q4 figures shows that domestic companies accounted for N819.83 billion, while foreign-related tax payments contributed N668.21 billion, underscoring the continued role of offshore-linked earnings in Nigeria’s tax structure.The report highlighted mixed performance across sectors during the quarter, reflecting uneven economic activity. While some sectors recorded growth, others posted significant declines due to weak demand and rising operational costs.Sectors such as accommodation and food services, household employment activities, and mining and quarrying experienced notable contractions during the period.The NBS report stated that activities of extraterritorial organisations and bodies recorded the highest growth rate at 75.15 per cent, followed by education at 54.20 per cent and real estate at 27.25 per cent.Conversely, accommodation and food services recorded the sharpest decline at –67.11 per cent, followed by household employment-related activities at –63.49 per cent and mining and quarrying at –49.63 per cent.In terms of sectoral contribution, financial and insurance activities led with 18.74 per cent, followed by manufacturing at 17.30 per cent and mining and quarrying at 15.04 per cent.At the lower end, household employment activities contributed just 0.002 per cent, while water supply and waste management accounted for 0.04 per cent, and extraterritorial organisations made up 0.17 per cent.Despite the quarter-on-quarter decline, the report noted that CIT collections in Q4 2025 still recorded a 13.38 per cent increase compared to the same period in 2024, reinforcing the overall positive revenue trend for the year.
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