CIT Revenue Hits N2.96 Trillion in Q3 2025
Nigeria's corporate tax revenue surged to N2.96 trillion in Q3 2025, up 6.55% from Q2 2025. This growth reflects improving business activity across key sectors, according to the National Bureau of Statistics. Domestic CIT payments contributed N1.21 trillion, while foreign CIT payments added N1.75 trillion, highlighting multinational profitability. Sectoral analysis shows Arts/Entertainment grew fastest (41.98%), while Construction fell sharply (-66.52%). Year-on-year, CIT rose 67.19% from Q3 2024, driven by stronger corporate earnings and tax reforms. VAT collections also rose to N2.28 trillion. What does this mean for your business? Monitor sector-specific trends and tax compliance requirements.