Latest News Oil & Gas Taxation

FG Rakes In N3.21Trn From PPT, Royalties In Three Years

The Central Bank of Nigeria (CBN) has put Federal Government’s revenue from oil exploration and production companies in form of Petroleum Profits Tax (PPT) and royalties at N3.211 trillion from the third quarter of 2015 to third quarter of 2017. The apex bank, in its latest Economic Report, indicated that the country raked in N495.39 […]