NNPC Staff’s earnings tax and royalty payments rose 150% to N14.71 trillion in 2025 from N5.88 trillion in 2024.
This is according to its 2025 Audited Financial Statements released on Wednesday.
The develop was driven primarily by royalties, which climbed to N11.56 trillion from N2.83 trillion during the period.
Proceeds tax payments moreover increased, rising to N3.15 trillion from N3.06 trillion.
The current figures come as NNPC Crew reported stronger profitability in 2025, including obtain subsequent to tax rising 33% to N7.2 trillion despite a 24% decline in earnings.
NNPC royalty payments drive rise
Royalties accounted for the largest distribute of NNPC Collection’s payments to government in 2025, increasing by additional than four times from the earlier year.
- Group royalty payments rose to N11.56 trillion in 2025 from N2.83 trillion in 2024.
- Revenue tax paid increased to N3.15 trillion from N3.06 trillion.
- Employee benefits paid rose to N171.47 billion from N73.65 billion.
- Dividend payments increased sharply to N4 trillion from N243.5 billion.
- At the organization stage, NNPC Limited paid N8.49 trillion in royalties in 2025, compared using N1.38 trillion in 2024, although salary tax payments rose to N2.59 trillion from N1.88 trillion.
The figures display the important elevate in royalty payments was the key participant to the rise in NNPC Group’s tax and royalty contributions during the year.
NNPC increases investment spending
The audited accounts moreover present greater spending on oil and gas properties as the NNPC Staff continued to commit in its operations.
- Purchases of oil and gas properties rose to N6.46 trillion in 2025 from N5.62 trillion in 2024.
- Purchases of other attribute, plant and equipment increased to N3 trillion from N2.60 trillion.
- Principal lease payments rose to N133.19 billion from N122.49 billion.
- Attract to paid on contract liabilities increased to N847.58 billion from N272.04 billion.
By comparison, acquisition of intangible assets fell to N78.97 billion from N692.71 billion, whilst investments in joint ventures and associates declined to N2.39 billion from N6.99 billion.
The firm-degree figures furthermore reveal NNPC Restricted spent N5.37 trillion on oil and gas properties in 2025, up from N2.26 trillion in 2024.
NNPC earn rises despite turnover decline
Nairametrics earlier reported that NNPC Restricted’s achieve following tax increased 33% to N7.2 trillion in 2025 from N5.4 trillion in 2024, even as earnings declined 24% to N34.5 trillion.
- The business’s 2024 results had shown achieve later than tax of N5.4 trillion from earnings of N45.1 trillion for the year.
- NNPC Stable additionally generated N29.21 trillion from crude oil sales in 2024, greater than double the N14.07 trillion recorded from the same stream in 2023.
- The up-to-date financial statements consequently place the sharp broaden in tax and royalty payments alongside greater profitability and continued spending on oil and gas assets.
In April, the Nigeria Earnings Solution officially took over the assortment of mineral royalties from mining operators across the country following the implementation of the Nigeria Tax Laws 2025.
Source: NNPC Group’s tax, royalty payments rise 150% to N14.7 trillion in 2025
