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Company Taxes: Nigeria Generates N392.8bn In Q1 2021  -Report 

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Nigeria generated the sum of N392.8 billion from company income taxes in the first quarter of 2021, the National Bureau of Statistics (NBS) has stated.
According to a quarterly report on company income tax by sectors, recently released by the NBS, the company income taxes in the first quarter of 2021 represents an increase of N971 billion (32.84%) compared to N295.7 billion recorded in the corresponding quarter of 2020 and a 32.82% increase compared to N294.72 billion generated in the preceding period (Q4 2020).
The report also revealed that Breweries, Bottling, and Beverages sector generated the highest amount of company income tax with N23.26 billion generated.
It was closely followed by professional services including Telecoms which generated a sum of N18.17 billion while state ministries and parastatals generated N17.35 billion in the period under review.
Textile and garment industry generated the least company income tax in the period under review with N13.49 million closely followed by mining (N34.4 million) and automobiles and assemblies with N73.57 million.
Out of the total amount generated in Q1 2021, N152.33bn was generated as CIT locally while N184.59 billion was generated as foreign CIT payment. The balance of N55.85 billion was generated as CIT from other payments.
The breweries, bottling, and beverages sector led the list of sectors with the highest company income tax generated in Q1 2021, overtaking professional services, which had led the list in the previous quarter.
Breweries, bottling, and beverages generated a sum of N23.26 billion in the review period, representing 5.6% of the total company income tax generated by Nigeria, while professional services and telecoms followed closely with N18.17 billion, hereby accounting for 4.6% of the total.
Other sectors, which made the list of top sectors include, State ministries and parastatals with N17.35 billion, manufacturing (N16.25 billion), oil-producing (N15.36 billion), and trading with N13.5 billion.
In terms of the increase in sectoral company income tax, the breweries, bottling, and beverages sector recorded an increase of 329.5% year-on-year in Q1 2021 compared to N5.42 billion recorded in the corresponding period of 2020. It also increased by 109.3% compared to N11.11 billion recorded in Q4 2020.
Stevedoring, clearing and forwarding businesses was a distant second on the list with N1.6 billion generated as company income tax. This represents a 73.4% increase when compared to N921.92 million recorded in Q1 2020.
It would be recalled that a 52.93% year-on-year increase in value-added taxes generated by Nigeria in Q1 2021 as it recorded N496.39 billion VAT. This means that Nigeria has received a sum of N792.1 billion in Q1 2021 from CIT and VAT.
Revenue generated from these taxes represents 86.1% of the projected tax revenue (N920.14 billion) in the 2021 budget document.

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Kenyan Runners Dominate Berlin Marathons

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1 day ago

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September 22, 2025

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Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.

Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.

The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.

Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.

“I did my best and I am happy for this performance,” said Sawe.

“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”

Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.

In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.

Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.

Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.

 

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NIS Ends Decentralised Passport Production After 62 Years

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September 22, 2025

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The Nigeria Immigration Service (NIS) has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, made the disclosure during an inspection of the Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja, last Thursday.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
According to him, the centralised production system aligns with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for improved service delivery.
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FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year 

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September 22, 2025

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The National Information Technology Development Agency (NITDA) has announced plans to roll out Digital Public Infrastructure (DPI) and the Nigerian Data Exchange (NGDX) platforms across key sectors of the economy, starting in early 2026.
Director of E-Government and Digital Economy at NITDA, Dr. Salisu Kaka, made the disclosure in Abuja during a stakeholder review session of the DPI and NGDX drafts at the Digital Public Infrastructure Live Event.
The forum, themed “Advancing Nigeria’s Digital Public Infrastructure through Standards, Data Exchange and e-Government Transformation,” brought together regulators, state governments, and private sector stakeholders to harmonise inputs for building inclusive, secure, and interoperable systems for governance and service delivery.
According to Kaka, Nigeria already has several foundational elements in place, including national identity systems and digital payment platforms.
What remains is the establishment of the data exchange framework, which he said would be finalised by the end of 2025.
“Before the end of this year and by next year we will be fully ready with the foundational element, and we start dropping the use cases across sectors,” Kaka explained.
He stressed that the federal government recognises the autonomy of states urging them to align with national standards.
“If the states can model and reflect what happens at the national level, then we can have a 360-degree view of the whole data exchange across the country and drive all-of-government processes,” he added.
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