NUPRC tops income businesses with file N8.5tn remittance

The Nigerian Upstream Petroleum Regulatory Fee has remitted a file N8.503tn income to the Federation Account collectively run by the federal, state, and native governments, between January and December 2025, The PidomNigeria studies.

The quantity represented a 17 per cent improve over the N7.265tn remitted in 2024 and emerged as the best contribution by any revenue-generating company to the federation.

That is in line with an evaluation of the NUPRC income assortment paperwork from January to December 2025, offered on the Federation Accounts Allocation Committee assembly and obtained by The PidomNigeria on Wednesday.

The 2025 remittance got here at a time when the Federal Authorities intensified efforts to stabilise crude oil manufacturing, enhance fiscal transparency, and get better excellent oil and gasoline revenues, together with legacy obligations owed by operators, as strain mounts on public funds amid rising debt service prices and competing calls for from the three tiers of presidency.

The doc confirmed that the fee’s remittance rose by N1.238tn year-on-year, underscoring the continued dominance of upstream oil and gasoline revenues in Nigeria’s public funds.

The doc said, “The full quantity transferred by the Central Bank of Nigeria from January to December 2025 is GN8,503,743,954,233.78.”

The NUPRC’s remittance far exceeded that of different main revenue-generating businesses. Whereas the Ministry of Strong Minerals Growth generated N68.096bn, the Nigeria Customs Service remitted N4.04tn to the Federation Account inside the similar interval, lower than half of the oil regulator’s contribution.

A breakdown of the figures confirmed that oil and gasoline royalties contributed N7.807tn, accounting for about 91.8 per cent of the entire N8.503tn remitted in 2025.

Fuel flaring penalties yielded N611.416bn, representing 7.2 per cent, whereas concession leases contributed N38.188bn, or 0.45 per cent. Miscellaneous oil revenues, together with licences and permits, stood at N46.439bn, about 0.55 per cent of the entire influx.

Royalty inflows fluctuated considerably in the course of the 12 months, reflecting crude oil worth actions and manufacturing constraints.

Collections stood at N641.061bn in January, N601.956bn in February, and N556.963bn in March, earlier than rising by 35.9 per cent month-on-month to N757.028bn in April.

 Revenues eased once more to N567.488bn in Might and N558.84bn in June.

The second half of the 12 months recorded a reasonable restoration, with N665.125bn in July, N682.283bn in August, and N663.795bn in September. Royalties peaked in October at N807.074bn, representing the best month-to-month influx for the 12 months, earlier than declining to N605.263bn in November and rebounding to N700.816bn in December.

Based on the Report of December 2025 Income Assortment offered on the FAAC assembly held on January 20, 2026, the fee collected N649.55bn in December 2025.

This represented simply 53.92 per cent of its accepted month-to-month finances of N1.205tn, leading to a unfavorable variance of N555.25bn, or 49.09 per cent under goal. The report defined, “This efficiency was attributable to fluctuation within the crude oil worth and shortfall in crude oil manufacturing.”

December collections additionally declined barely in comparison with November. “Whole assortment decreased by N10,488,431,245.91, equal to 1.59 per cent, compared with N660,040,724,467.36 collected in November 2025,” the doc said.

Regardless of the finances underperformance, legacy inflows supported December revenues. The report disclosed, “The full sum of N105,583,912,514.47 due in August 2025 underneath Venture Gazelle was collected in December 2025.”

It added that all the N649.55bn collected in December was transferred to the Federation Account. “The quantity transferred to the Federation Account in December 2025 was N649,552,293,221.45, whereas the entire quantity transferred by the CBN from January to December 2025 is N8,503,743,954,233.78,” it said.

The NUPRC additionally confirmed recoveries from excellent obligations owed by the Nigerian Nationwide Petroleum Firm Restricted. The report famous, “We verify receipt of $100,156,179.31 within the month underneath overview from the cumulative excellent quantity of $100,611,214.12 anticipated from PSC and MCA liftings, leaving a steadiness of $455,034.81.”

It clarified that the greenback influx fashioned a part of the income shared by the federation within the month underneath overview. When excellent receivables are included, the fee’s total income efficiency was considerably stronger.

“The fee’s efficiency from January to December 2025 is N9,931,517,800,750.91, inclusive of NNPC Ltd JV and PSC royalty receivables of N742,362,837,595.14 and Venture Gazelle royalties of N941,273,764,949.85,” the report said.

The NUPRC, created underneath the Petroleum Business Act 2021, is chargeable for regulating Nigeria’s upstream petroleum operations and accumulating statutory royalties, rents, and penalties.

Its 17 per cent year-on-year income development comes amid persistent challenges in Nigeria’s oil sector, together with crude oil theft, pipeline vandalism, ageing infrastructure, and manufacturing ranges which have remained under OPEC quotas—elements that proceed to weigh on federation revenues.

However, the 2025 figures reaffirm the upstream oil and gasoline sector’s place as the only largest contributor to FAAC inflows and a important pillar of Nigeria’s fiscal stability.