Nigeria Tax Administration Act, 2025 · s.20, s.123
Mineral royalties
Monthly royalty returns; unpaid royalty becomes a debt after 30 days with 10% and compound interest.
Who this lands on: Mining licence and lease holders.
Mineral royalty returns are filed monthly (s.20).
Royalty unpaid 30 days after the due date becomes a debt: 10% is added, with compound interest at SOFR plus 10% on foreign currency transactions or the CBN monetary policy rate on naira transactions (s.123).