FG Generates N2.96trn Revenue From Company Income Tax In Q3

The National Bureau of Statistics (NBS) has released a figure which showed that the total sum of N2.96 trillion was generated from company income tax (CIT) in the third quarter of 2025.

The Q3 figure shows an increase of 6.55 per cent on a quarter-on-quarter basis from N2.78 trillion in Q2 2025.

The domestic CIT received was N1.21
trillion, while foreign CIT payment was N1.75 trillion in Q3 2025.

On a quarter-on-quarter basis, arts, entertainment and recreation activities recorded the highest growth rate with 41.98 per cent; followed by accommodation and food service activities; and mining
and quarrying with 37.11 per cent and 15.36 per cent, respectively.

On a year-on-year basis, CIT collections in Q3 2025 increased by 67.19 per cenr from Q3 2024.

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 per cent, followed by Financial and insurance activities (–79.72 per cent)
and construction (–66.52 per cent).

In terms of sectoral contributions, the top three activities with the highest contributions in Q3 of 2025 were manufacturing with 22.43 per cent; mining and quarrying with N20.40 per cent and financial and insurance activities with 17.11 per cent.

Conversely, activities of households as employers, undifferentiated
goods- and services-producing activities of households for own use recorded the least share with 0.003 per cent, followed by water supply, sewerage, waste management and remediation activities
with 0.04; and activities of extraterritorial organisations and bodies with 0.07 per cent, the NBS said in the figures that were released on Wednesday.