Nigeria’s federal government collected a total of N2.96 trillion as Company Income Tax (CIT) in the third quarter of 2025, on the manufacturing and extractive sectors, despite a challenging macroeconomic environment.
According to the Nigeria Tax Act, 2025, Companies Income Tax (CIT), also known
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Eniola Olatunji & Ayomide Odunlami
Ayomide Odunlami is a Tax Reporter at BusinessDay, covering Nigeria’s tax reforms, compliance trends, and government revenue strategies. She reports on how evolving tax policies affect businesses, investors, and the broader economy, providing clarity on complex regulatory issues through data-driven journalism.
