{
  "schemaVersion": 1,
  "contentDigest": "3fd08f994e2820c2ac9e12e020a30fedd1a57c30139c694927d0a1f0b53d7821",
  "id": "news-oct22-continued-ng-presidency-excess-profit-tax-energy-20261014",
  "language": "en",
  "interfaceLanguage": "en",
  "url": "https://voltformer.com/news/ng-presidency-excess-profit-tax-energy-20261014",
  "slug": "ng-presidency-excess-profit-tax-energy-20261014",
  "category": "policy-standards",
  "publishDate": "2026-10-14",
  "sourceName": "BusinessDay",
  "sourceUrl": "https://businessday.ng/business-economy/article/nigeria-weighs-excess-profit-tax-on-energy-operators-over-price-gouging/",
  "readingTimeMinutes": 1,
  "tags": [
    "Nigeria",
    "Oil and Gas",
    "Public finance",
    "Taxation",
    "Petroleum"
  ],
  "content": {
    "title": "Nigeria considers a windfall tax on energy operators",
    "summary": "The government said it would consider a levy, but had published no tax rate, definition of excess profit or revenue estimate by October 14.",
    "sections": [
      {
        "paragraphs": [
          "BusinessDay reported that the Presidency announced on October 8 it would consider taxes on energy operators taking undue advantage of consumers. Proceeds were proposed for transport support or vouchers for urban minimum-wage earners, but as of October 14 the government had published no tax rate, definition of excess profits or revenue estimate.",
          "Aradel reported H1 2026 pre-tax profit of ₦752.7 billion, while Seplat’s pre-tax profit rose 74.1% to ₦790.4 billion. The article cautioned that these profits do not establish a windfall attributable solely to oil prices; a levy would also need to be reconciled with existing petroleum taxes."
        ],
        "sources": [
          {
            "name": "BusinessDay",
            "url": "https://businessday.ng/business-economy/article/nigeria-weighs-excess-profit-tax-on-energy-operators-over-price-gouging/"
          }
        ]
      }
    ]
  },
  "companies": [],
  "sourceVersion": "62c086883faa772c10419fd16da31a06379f893cf7b27692b9754886b2883c17"
}