The nation’s aggregate Company Income Tax (CIT) for the first quarter of 2026 is reported to be N1.37 trillion, the National Bureau of Statistics (NBS) says.

The figure is contained in the NBS Company Income Tax (CIT) Q1 2026 Report released in Abuja on Saturday.

According to the report, the figure shows an 8.08 per cent decrease on a quarter-on-quarter basis from N1.49 trillion recorded in Q4 2025.

The report said that domestic CIT received was N538.91 billion, while foreign CIT payment was N828.82 billion in Q1 2026.

It said that on a quarter-on-quarter basis, water supply, sewage, waste management and remediation activities recorded the highest growth rate with 485.71 per cent.

The report said this was followed by activities of households as employers, undifferentiated goods and services producing activities of households for own use at 197.04 per cent.

“On the other hand, agriculture, forestry and fishing recorded the least growth rate with 73.52 per cent, followed by construction with -63.15 per cent,” the report added.

In terms of sectoral contributions, the report showed that the top three activities with the highest contribution in Q1 2026 were financial and insurance activities at 24.73 per cent, and mining and quarrying at 16.06 per cent.

It said that, on the other hand, the activities of households as employers, undifferentiated goods and services producing activities of households for own use recorded the least share with 0.01 per cent.

This was followed by activities of extraterritorial organisations and bodies at 0.13 per cent, and water supply, sewage, waste management, and remediation activities at 0.38 per cent.

The report, however, said that, on a year-on-year basis, CIT collections in Q1 2026 decreased by 31.05 per cent from Q1 2025. 

(NAN)