Sunday, July 12, 2026

Company Income Tax (CIT)

July 7, 2026

Banks’ assets hit N180.37 trillion: Report

The report said deposit money banks in Nigeria contributed 41.8 per cent to the country’s nominal gross domestic product (GDP).

Central Bank of Nigeria Logo
April 8, 2026

Nigeria generated N1.49 trillion from company income tax in Q4 2025: NBS

The report said domestic CIT received was N819.83 billion, while foreign CIT payment was N668.21 billion in Q4 2025.

Nigerian Bureau of Statistics (NBS)
March 21, 2024

FG, states, LGs shared N1.152 trillion in February: FAAC

“Total revenue of N2.326 trillion was available in the month of February.”

Federation Account Allocation Committee
September 9, 2022

Companies paid N714 billion in taxes in Q2 2022: NBS

The report said the value recorded for Q2 2022 indicated a growth rate of 29.53 per cent on a quarter-on-quarter basis.

Buhari
December 4, 2021

VAT declines by N11.76 billion as CIT receives boost in Q3: NBS

Compared to the corresponding figures of 2020, there was a higher revenue in the first three quarters of 2021, revealing an improvement in collections.

FIRS Building (Credit: Guardian Newspaper)