Manufacturing, mining sectors paid highest Company Income Tax in Nigeria in Q3 2025

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 as corporate tax, is a tax imposed on the profits of an incorporated company, charged at 30 percent.

The latest report released by the National Bureau of Statistics (NBS) shows that the Q3 figure represents an eight percent increase from the N2.78 trillion recorded in the second quarter of 2025.