Companies related to Nigerian billionaire Aliko Dangote recorded a mixed N104.74 billion in tax funds through the 9 months ended September 30, 2026, in line with figures from their monetary statements.
The quantity represents a 15.5% decline from the N123.97 billion reported in the corresponding interval of 2025, reflecting decrease money tax funds by Dangote Cement regardless of a rise recorded by NASCON Allied Industries.
An evaluation of the companies’ money circulation statements reveals that Dangote Cement accounted for the most important share of reported tax funds, contributing N97.74 billion, or roughly 93.3% of the mixed complete.
NASCON Allied Industries adopted with N7 billion, representing the remaining 6.7%.
The evaluation covers Dangote Cement, Dangote Sugar Refinery and NASCON Allied Industries, alongside Dangote Petroleum Refinery. However, the refinery and Dangote Sugar didn’t have tax fee figures accessible for the nine-month interval in 2026 and had been due to this fact excluded from the mixture.
The figures symbolize precise tax funds disclosed in the companies’ money circulation statements, slightly than tax bills recognised in their earnings statements.
Dangote Cement accounts for largest tax funds
Dangote Cement remained the most important contributor among the many companies reviewed, paying N97.74 billion in taxes through the first 9 months of 2026.
- This represents a 15.3% decline from the N115.40 billion paid through the corresponding interval of 2025.
- Despite the discount in money funds, the corporate’s reported tax expense elevated considerably, rising from N297.71 billion in 2025 to N497.71 billion in 2026.
- The distinction highlights the excellence between tax obligations recognised in monetary reporting and precise money funds made inside a selected accounting interval.
Tax bills could embody present and deferred tax prices, whereas money tax funds replicate quantities settled through the reporting interval, together with funds regarding earlier monetary years.
NASCON tax funds rise by 34.7%
NASCON Allied Industries recorded a special development, with money tax funds rising by 34.7% to N7 billion in the 9 months ended September 2026.
- This compares with N5.20 billion paid throughout the identical interval in 2025, representing a rise of roughly N1.80 billion.
- The firm’s tax expense additionally elevated from N12.35 billion to N14.78 billion over the interval.
NASCON’s greater tax funds partly offset the discount recorded by Dangote Cement, though the rise was inadequate to reverse the general decline in reported money tax funds.
Dangote Sugar and refinery report tax bills
Dangote Sugar Refinery recorded a tax expense of N3.93 billion through the 9 months ended September 2026, greater than double the N1.87 billion reported in the corresponding interval of 2025.
- The firm disclosed N3.38 billion in money tax funds for the primary 9 months of 2025, however no corresponding determine was offered in the dataset for 2026.
(*9*), Dangote Petroleum Refinery recorded a tax expense of N392.84 billion for the nine-month interval in 2026.
What it’s best to know
Nairametrics beforehand reported that Dangote Cement’s pre-tax revenue rose by 41.5% to N1.47 trillion in the primary 9 months of 2026, in contrast with N1.04 trillion in the corresponding interval of 2025. Revenue elevated by 19.6% to N3.77 trillion, whereas revenue after tax rose by 31.2% to N974.79 billion.
Despite the decline in money taxes paid, the corporate’s earnings tax expense elevated by 67.2% to N497.71 billion through the interval. Its monetary disclosures confirmed that N97.7 billion had been paid in money, with the excellent tax obligations scheduled for settlement in the fourth quarter of 2026 and into 2027.
The billionaire can be making ready the following era of management throughout his industrial companies. According to an earlier Nairametrics report, Dangote is positioning his three daughters, Mariya, Halima and Fatima, to imagine higher duties as a part of succession plans for his enterprise empire.
