NNPC Group Spends N22 Trillion in 2025, Boosts Royalties
In 2025, NNPC Group spent N22 trillion, which included N11.56 trillion in royalties, N6.46 trillion on oil and gas properties, and N4 trillion in dividends. The 2025 Audited Financial Statements, released on October 1, 2026, revealed that royalties were the largest payment, increasing sharply from N1.38 trillion in 2024 to N8.49 trillion.
Income tax payments also rose to N2.59 trillion from N1.88 trillion. NNPC Limited accounted for N5.37 trillion of the group's oil and gas property purchases, up from N2.26 trillion in 2024.
Dividend payments surged from N243.5 billion in 2024 to N4 trillion in 2025, marking a more than 16-fold increase. Additionally, NNPC Limited reported a profit after tax of N5.4 trillion on N45.1 trillion revenue in 2024.
The Nigeria Revenue Service took over the collection of mineral royalties from mining operators in April 2025.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
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