Post by John (@Agubata)

Company Approx. Value (2026) Approx. USD Equivalent* Tax Paid to Nigeria
1 MTN Nigeria ₦16.38 trillion ~$10.5 billion Pays corporate income tax, VAT, spectrum fees, and other levies; exact annual tax varies.

2 BUA Foods ₦15.21 trillion ~$9.8 billion Not publicly disclosed in a single figure.

3 Dangote Cement ₦13.50 trillion ~$8.7 billion One of Nigeria's largest corporate taxpayers; exact annual figure varies by year.

4 Airtel Africa ₦8.53 trillion ~$5.5 billion Pays taxes across multiple African countries, including Nigeria.

5 BUA Cement ₦7.11 trillion ~$4.6 billion Tax figures not separately disclosed publicly.

6 Seplat Energy ₦5.46 trillion ~$3.5 billion Pays petroleum taxes, royalties, and corporate taxes.

7 Aradel Holdings ₦4.75 trillion ~$3.1 billion Tax figures not readily available publicly.

8 GTCO ₦4.31 trillion ~$2.8 billion Pays corporate income tax; exact annual amount varies.

9 Zenith Bank ₦3.55 trillion ~$2.3 billion Major taxpayer in the banking sector.

10 Lafarge Africa ₦3.38 trillion ~$2.2 billion Tax figures vary annually.

*USD conversions are rough estimates and depend on exchange rates.

Private Companies Worth More Than $1 Billion
Dangote Refinery — recently valued at about $39.1 billion, making it one of Africa's most valuable private companies.
Nigeria LNG — estimated multi-billion-dollar valuation based on assets and revenue.
Globacom — generally regarded as a multi-billion-dollar private telecom company.

If you want, I can also give you a list of the
top 20 companies that paid the highest taxes to the Federal Inland Revenue Service (FIRS) and the estimated amount each paid.

| Company | Tax Paid | |
| -------------- | -------------: | --------------------- |
| Dangote Cement | ₦128.7 billion | |
| MTN Nigeria | ₦126.6 billion | |
| UBA | ₦102.3 billion | |
| Seplat Energy | ₦95.9 billion | |
| GTCO | ₦83.1 billion | |
| Zenith Bank | ₦78.1 billion | |
| FBN Holdings | ₦37.2 billion | |
| Dangote Sugar | ₦22.3 billion | |
| Stanbic IBTC | ₦20.2 billion | ([Businessday NG][1]) |

[1]: https://businessday.ng/companies/article/tax-reform-bills-here-are-10-largest-taxpayers-in-2024/?utm_source=chatgpt.com "Tax reform bills: Here are 10 largest taxpayers in 2024"

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