Petroleum Profit Tax (PPT) in Nigeria
Educational overview only—not legal or tax advice. Verify requirements on official portals and with a qualified adviser.
Petroleum Profit Tax (PPT) applies to profits from petroleum operations under licences in Nigeria’s oil and gas sector. It is a distinct federal regime from ordinary CIT for general companies, with its own computations, allowances, and politics around rent, royalties, and production sharing. If you are not in upstream operations, you can skip this page; if you are, you already need specialist oil-tax counsel.
Why PPT is separate
Resource rents are taxed differently from normal trading profit. Ring-fencing, investment allowances, and realisation rules are sector-specific.
Interaction with other charges
Operators also navigate royalties, NDDC levies (where applicable), hydrocarbon tax reforms in legislation, and environmental obligations—never from a single Excel tab.
General CIT contrast
For non-oil companies, start with Corporate income tax overview instead.