NNPC Group's N22 trillion 2025 spend: royalties, assets, dividends

What happened? NNPC Group spent a total of N22 trillion in 2025, according to its audited financial statements released on Wednesday, September 30, 2026. The biggest outflow was N11.56 trillion in royalties, up from N2.83 trillion the previous year. The group also invested N6.46 trillion in oil and gas properties and paid N4 trillion in dividends, both surging from 2024 levels.

Why does this matter? These figures show where Nigeria’s oil wealth is going: massive government royalty payments, reinvestment in upstream assets, and record dividend payouts. The surge in royalties and dividends reflects higher profitability despite a 24% revenue decline, indicating strong cash generation that affects national fiscal resources and potential fuel pricing or investment decisions.

What should you know or do? NNPC Limited alone accounted for N8.49 trillion of royalties and N5.37 trillion of oil asset purchases. Employee benefits more than doubled to N171.47 billion, and interest on contract liabilities jumped to N847.58 billion. With profit after tax rising 33% to N7.2 trillion, the group’s cash deployment highlights both reinvestment pressure and shareholder returns. Consider how these allocations might influence national budget expectations, energy policy, or your own investments in the energy sector.

SOURCE: https://nairametrics.com/2026/10/01/nnpc-deploys-n22-trillion-in-2025-royalties-gulp-n11-6-trillion/