NNPC, NLPGA, MTN Top List as FIRS Reveals Top-Performing Taxpayers in Nigeria, Dangote missing from Top 10

NNPC, NLPGA, MTN Top List as FIRS Reveals Top-Performing Taxpayers in Nigeria, Dangote missing from Top 10

  • The list of highest paying companies in Nigeria has been revealed by the Federal Inland Revenue Service, FIRS
  • The top 10 companies were dominated by the companies operating in Nigeria’s Oil and gas space
  • NNPC, NLPGA, MTN, Mobil are among the top 10 companies but Dangote Industries was not included

The Federal Inland Revenue Service, FIRS has published its Top tax-compliant companies in 2021.

The list revealed on Twitter showed that of the top ten companies listed, 8 are in Nigeria’s Oil and gas space and 2 in Nigeria’s telecoms space.

The disclosure was made in a report FIRS titled Accolades For Our Tax-Complaint Companies In 2021.

NNPC, NLPGA, MTN, Dangote
The top two accolades Credit: FIRS
Source: Twitter

The report revealed Nigeria’s top-performing taxpayers are Nigeria Liquefied Petroleum Gas Company, Nigeria National Petroleum Company, Mobil Producing Unlimited, Star Deep Water Petroleum Limited, MTN Nigeria and others.

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According to Nairametrics report, FIRS said it is pleasing to celebrate the top-performing taxpayers who contributed to her success in 2021.

FIRS said:

“The service surpassed its tax collection target in 2021, and in doing so, crossed the N6 trillion threshold for the first time."

It added the feat was made possible through the “uncommon leadership” of President Muhammadu Buhari.

The top-paying companies are

  • Nigeria National Petroleum Company
  • Nigeria Liquefied Petroleum Gas Company Ltd
  • Mobil Producing Unlimited
  • Star Deep Water Petroleum Ltd
  • MTN Nigeria Communications PLC
  • Shell Petreoleum Development Co Limited
  • Chevron Nigeria Limited
  • Total E&P Nigeria Limited
  • Airtel Networks Limited
  • Nigerian petroleum Development Company Limited.

Dangote Cement came in 12th place.

Zenith, Gtbank lead list of Nigeria's most valuable banks in January

Meanwhile Legit.ng in an earlier report revealed that Zenith Bank is starting 2022 as the most valuable commercial bank in Nigeria as the total value of Nigerian bank closed at N194.5 billion.

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In second-most valuable bank is Guaranty Trust Bank followed by Stanbic IBTC Holdings to complete the top three most valuable banks.

Also, the aggregate market cap of all the banks under review went up by N46.6 billion to stand at N3.84 trillion.

Source: Legit.ng

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