Q3 2025: NBS declares 6.55% increase in company income tax
The National Bureau of Statistics (NBS) has declared a Company Income Tax (CIT) for the third quarter (Q3) 2025 at N2.96 trillion, showing an increase of 6.55per cent on a quarter-on-quarter basis from N2.78 trillion in Q2 2025.
The report by the NBS revealed that the domestic CIT received was N1.21 trillion, while Foreign CIT Payment was N1.75 trillion in Q3 2025.
According to the report, Arts, entertainment and recreation activities recorded the high
est growth rate with 41.98 on a quarter-on-quarter basis; followed by Accommodation and food service activities; and Mining and quarrying with 37.11per cent and 15.36per cent, respectively.
“On the other hand, Activities of households as employers, undifferentiated goods- and services-producing activities of households for own use recorded the least with –83.88per cent, followed by Financial and insurance activities (–79.72per cent) and construction (–66.52per cent)
“In terms of sectoral contributions, the top three activities with the highest contributions in Q3
2025 were Manufacturing with 22.43per cent; Mining and quarrying with 20.24per cent and Financial and Insurance activities with 17.11per cent.
“Conversely, activities of households as employers, undifferentiated goods- and services-producing activities of households for own use recorded the least share with 0.003per cent, followed by Water supply, sewerage, waste management and remediation activities with 0.04; and Activities of extraterritorial organisations and bodies with 0.07per cent.
The report added that on a year-on-year basis, CIT collections in Q3 2025 increased by 67.19per cent from Q3 2024.
