Nigeria’s CIT Revenue rose to N2.96trn in Q3 2025

• Foreign firms accounted for 59%

Company income tax (CIT) revenue, Nigeria’s revenue, rose by 67.19 percent year-on-year to N2.96 trillion in the third quarter (Q3) of 2025, the National Bureau of Statistics (NBS) has disclosed.

The NBS, in its latest report, said the figure represents a 6.55 percent increase on a quarter-on-quarter basis from the N2.78 trillion recorded in Q2 2025.

Of the total amount generated in Q3 2025, domestic CIT accounted for N1.21 trillion (40.87 percent), while foreign CIT payments contributed N1.75 trillion (59.12 percent).

The report shows that on a quarter-on-quarter basis, arts, entertainment and recreation activities recorded the highest growth rate at 41.98 percent.

According to the bureau, this was followed by accommodation and food service activities at 37.11 percent, and mining and quarrying at 15.36 percent.

“On the other hand, Activities of households as employers, undifferentiated goods- and services-producing activities of households for own use recorded the least with –83.88%, followed by Financial and insurance activities (–79.72%) and construction (–66.52%),” the NBS said.

In terms of sectoral contributions, the top three activities with the highest contributions in Q3 2025 were Manufacturing with 22.43%; Mining and quarrying with 20.24% and Financial and Insurance activities with 17.11%.”

The report said activities of households as employers and undifferentiated goods and services producing activities for own use recorded the least share at 0.003 percent.

The bureau added that water supply, sewerage, waste management and remediation activities contributed 0.04 percent, while activities of extraterritorial organisations and bodies accounted for 0.07 percent.