Mrs Abimbola Essien-Nelson, the Media Relations Manager of Shell Nigeria, revealed that the oil company has exclusively paid $1.09 billion in corporate taxes and royalties to the Nigerian Government in 2023.
NNPCL To Pay Taxes, Royalties From $3.3bn Afrexim Loan
The Nigerian National Petroleum Company Limited (NNPCL) on Sunday, said it would prepay future royalties and taxes to the Federal Government from the $3.3bn financing deal it got from African Export-Import Bank last year.
NNPCL disclosed this...
Many Mining Operators Underpaying Royalties, Overstretching Exploration Licenses - NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) has stated that many operators in the nation’s mining industry are underpaying royalties to the government, while also overstretching their exploration licenses.
The agency stated that under the mining...
Nigeria To Make $6.35bn In Taxes, Royalties – NNPC
The Nigerian National Petroleum Corporation on Sunday announced that it had secured the closure of $875.75m alternative financing deal for the Nigerian Petroleum Development Company operated OML 65.
A statement issued by the NNPC’s Group General Manager,...
DPR Generates N747bn Revenue from Licenses, Royalties
The Department of Petroleum Resources (DPR) generated over N747 billion from the issuance of licences/ granting of approval and royalties paid by oil and gas companies operating in the country in 2017.
The achievement is contained in DPR report...
In 3years Nigeria Earned N3.2tr From Royalties , PPT
The Federal Government received N3.211 trillion as Petroleum Profits Tax (PPT) and Royalties from the third quarter of 2015 to third quarter of 2017, according to the Economic Report of the Central Bank of Nigeria (CBN).
Breakdown...
