NNPC Group's Tax and Royalty Payments Hit N14.71 Trillion

In 2025, NNPC Group's income tax and royalty payments rose by 150% to N14.71 trillion, up from N5.88 trillion in 2024, as reported in its 2025 Audited Financial Statements. The increase was primarily due to royalties, which surged to N11.56 trillion from N2.83 trillion.

Income tax payments also saw a rise, increasing to N3.15 trillion from N3.06 trillion. Despite a 24% decline in revenue, NNPC Group reported a 33% increase in profit after tax, reaching N7.2 trillion compared to N5.4 trillion in 2024.

The significant rise in royalty payments was the main contributor to the overall increase in tax and royalty contributions. Additionally, NNPC Limited invested N5.37 trillion in oil and gas properties in 2025, up from N2.26 trillion in 2024, while spending on intangible assets and investments in joint ventures decreased.

In April, the Nigeria Revenue Service began collecting mineral royalties from mining operators following the implementation of the Nigeria Tax Laws 2025.