Companies related to Nigerian billionaire Aliko Dangote recorded a mixed N104.74 billion in tax funds in the course of the 9 months ended September 30, 2026, in keeping 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 movement statements exhibits 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 cost figures out there for the nine-month interval in 2026 and had been subsequently excluded from the mixture.
The figures signify precise tax funds disclosed in the companies’ money movement statements, relatively 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 in the course of the first 9 months of 2026.
- This represents a 15.3% decline from the N115.40 billion paid in the course of 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 embrace present and deferred tax expenses, whereas money tax funds replicate quantities settled in the course of the reporting interval, together with funds referring to earlier monetary years.
NASCON tax funds rise by 34.7%
NASCON Allied Industries recorded a distinct pattern, with money tax funds growing 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 in the course of 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 supplied in the dataset for 2026.
Meanwhile, Dangote Petroleum Refinery recorded a tax expense of N392.84 billion for the nine-month interval in 2026.
What you need to know
Nairametrics previously reported that Dangote Cement’s pre-tax profit 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 in the course of 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 also be getting ready the following technology of management throughout his industrial companies. According to an earlier Nairametrics report, Dangote is positioning his three daughters, Mariya, Halima and Fatima, to imagine better tasks as a part of succession plans for his enterprise empire.
