NLNG’s Revenue Exceeds $149.6bn, Shareholders’ Dividends Soar to $47.2 Billion

Nigeria LNG Limited (NLNG) has announced impressive financial figures, reporting over $149.6 billion in revenue since its operations began. The company has also distributed substantial dividends to its shareholders, totaling more than $47.2 billion, with the federal government holding the largest stake. Furthermore, NLNG has remitted over $10.8 billion in taxes to the Nigerian government since becoming tax compliant.

NLNG's asset base now exceeds $22.9 billion, and it has loaded more than 6,285 LNG cargoes. The company plays a crucial role in Nigeria's domestic energy market, supplying over 500,000 tonnes of Liquefied Petroleum Gas (LPG) annually. This domestic supply is set to increase with the ongoing expansion project, Train 7.

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We have made $149.6 billion in revenue by 2026. $10.8 billion has also been paid in tax to the Federal Government right from the time we became tax compliant.

Train 7, described as one of Africa's largest LNG expansion projects, is expected to boost NLNG's production capacity by approximately 35 percent, from 22 million tonnes per annum to 30 million tonnes per annum. This expansion aims not only to increase exports but also to strengthen domestic gas availability, support Nigeria's industrialization, and contribute to the country's transition to a lower-carbon future. NLNG reaffirms its commitment to operational excellence, sustainable growth, and delivering long-term value for its shareholders and Nigeria.

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Train 7 represents much more than additional production capacity. It reflects our confidence in Nigeria’s gas potential and our commitment to creating long-term value through increased exports, stronger domestic gas supply, Nigerian Content development and economic growth.