NNPC Group’s income 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 increase was driven mainly by royalties, which climbed to N11.56 trillion from N2.83 trillion during the period.
Income tax payments also increased, rising to N3.15 trillion from N3.06 trillion.
The latest figures come as NNPC Group reported stronger profitability in 2025, with profit after tax rising 33% to N7.2 trillion despite a 24% decline in revenue.
Royalties accounted for the largest share of NNPC Group’s payments to government in 2025, increasing by more than four times from the previous year.
The figures show the significant increase in royalty payments was the main contributor to the rise in NNPC Group’s tax and royalty contributions during the year.
The audited accounts also show higher spending on oil and gas properties as the NNPC Group continued to invest in its operations.
By comparison, acquisition of intangible assets fell to N78.97 billion from N692.71 billion, while investments in joint ventures and associates declined to N2.39 billion from N6.99 billion.
The company-level figures also show NNPC Limited spent N5.37 trillion on oil and gas properties in 2025, up from N2.26 trillion in 2024.
Nairametrics earlier reported that NNPC Limited’s profit after tax increased 33% to N7.2 trillion in 2025 from N5.4 trillion in 2024, even as revenue declined 24% to N34.5 trillion.
In April, the Nigeria Revenue Service officially took over the collection of mineral royalties from mining operators across the country following the implementation of the Nigeria Tax Laws 2025.
