Revenue Accounts

ACCOUNT INFORMATION FOR VARIOUS NUPRC PAYMENTS, OPERATIONS, AND SERVICES.

S/N	Payment Description	Designated Account For Payment	Account No	Designated Bank/Swift Code/Aba Code & Beneficiary	Bank Draft
1	(a) Royalty on Oil (US$) (b) Royalty on Condensates (US$) (c) Royalty on Modify Carry Agreement (MCA) (US$)	Central Bank of Nigeria (CBN) Joint Venture Royalty	802906875	BANK NAME: JP Morgan Chase Bank, New York, USA SWIFT CODE: CHASUS 33 ABA CODE: 021000021 BENEFICIARY: Federation Account with CBN	Not Applicable
2	(a) Royalty on Gas Sales (US$) (b) Royalty on Gas Sales (NGN ₦) (c) Royalty on Natural Gas Liquids Sales (US$)	Central Bank of Nigeria (CBN) Gas Royalty Account Name (₦) – Gas Sales Royalty Banker : CBN, Abuja	802906891 Naira Account : 0020150961018	BANK NAME: JP Morgan Chase Bank, New York, USA SWIFT CODE: CHASUS 33 ABA CODE: 021000021 BENEFICIARY: Federation Account with CBN	Not Applicable
3	Royalty on Production Sharing Contract (US$)	Central Bank of Nigeria (CBN) PSC Royalty	802906883	BANK NAME: JP Morgan Chase Bank, New York, USA SWIFT CODE: CHASUS 33 ABA CODE: 021000021 BENEFICIARY: Federation Account with CBN	Not Applicable
4	Gas Flared Penalty (US$)	Central Bank of Nigeria (CBN) Gas Flared Penalty	802906909	BANK NAME: JP Morgan Chase Bank, New York, USA SWIFT CODE: CHASUS 33 ABA CODE: 021000021 BENEFICIARY: Federation Account with CBN	Not Applicable
5	(a) Concession Rentals US$ (OPL & OML) (b) Renewal of Lease US$ (OPL & OML) (c) Conversion of OPL to OML US$ (d) Assignment of Interests US$ (e) Consent for Acquisition of Pioneer Natural Resources US$	CBN/Accountant General/FGN	802906917	BANK NAME: JP Morgan Chase Bank, New York, USA SWIFT CODE: CHASUS 33 ABA CODE: 021000021 BENEFICIARY: Federation Account with CBN	Not Applicable
6	(a) Application to Establish Refinery US$ (b) Application to Establish Gas Plant US$ (c) Application to Establish Fertilizer Plant US$ (d) Application to Operate Gas Plant US$ (e) Application to Expand Gas Plant US$ (f) Application for LNG Plant US$ (g) LNG Train Project US$	Central Bank of Nigeria (CBN)Miscellaneous Oil Revenue	802906925	BANK NAME: JP Morgan Chase Bank, New York, USA SWIFT CODE: CHASUS 33 ABA CODE: 021000021 BENEFICIARY: Federation Account with CBN	Not Applicable
7	(a) Bunkering	Central Bank of Nigeria (CBN)Miscellaneous Oil Revenue	802906925	BANK NAME: JP Morgan Chase Bank, New York, USA SWIFT CODE: CHASUS 33 ABA CODE: 021000021 BENEFICIARY: Federation Account with CBN	Not Applicable
	(b) Oil industry Service Company Permits (All Categories)	FGN (NUPRC Fees Account)	No.3000023072		Not Applicable
8	Fines/ Penalties/ Contraventions US$	Central Bank of Nigeria (CBN)Miscellaneous Oil Revenue	802906925	BANK NAME: JP Morgan Chase Bank, New York, USA SWIFT CODE: CHASUS 33 ABA CODE: 021000021 BENEFICIARY: Federation Account with CBN	Not Applicable
9	Bid Round Fees (a) Application Fees US$	Central Bank of Nigeria (CBN) Independent Revenue Account	400939134	BANK NAME: JP Morgan Chase Bank, New York, USA SWIFT CODE: CHASUS 33 ABA CODE: 021000021 BENEFICIARY: Federation Account with CBN	Not Applicable
	(b) Processing Fees (c) Data Leasing / Evaluation Report Fees	NUPRC NPD MoU Fund Account	261520003952	BANK NAME: Citi Bank SWIFT CODE: CITIUS33 ABA CODE: 021000089 BENEFICIARY: Diamond Bank Plc	Not Applicable
10	Signature Bonus	Central Bank of Nigeria (CBN) Accountant-General FGN	400225220	BANK NAME: JP Morgan Chase Bank, New York, USA SWIFT CODE: CHASUS 33 ABA CODE: 021000021 BENEFICIARY: Federation Account with CBN	Not Applicable
11	FGN/NUPRCCommission From Speculative Data Companies: MABON/VERITAS/PGS/TATNET	Central Bank of Nigeria (CBN) FGN Independent Revenue Account	400939134	BANK NAME: JP Morgan Chase Bank, New York, USA SWIFT CODE: CHASUS 33 ABA CODE: 021000021 BENEFICIARY: Federation Account with CBN	Not Applicable

S/N	Payment Description	Designated Account For Payment	Account No	Designated Bank/Swift Code/Aba Code & Beneficiary	Bank Draft
1	(a) Royalty on Oil (US$) (b) Royalty on Condensates (US$) (c) Royalty on Modify Carry Agreement (MCA) (US$)	Central Bank of Nigeria (CBN) Joint Venture Royalty	802906875	BANK NAME: JP Morgan Chase Bank, New York, USA SWIFT CODE: CHASUS 33 ABA CODE: 021000021 BENEFICIARY: Federation Account with CBN	Not Applicable
2	(a) Royalty on Gas Sales (US$) (b) Royalty on Gas Sales (NGN ₦) (c) Royalty on Natural Gas Liquids Sales (US$)	Central Bank of Nigeria (CBN) Gas Royalty Account Name (₦) – Gas Sales Royalty Banker : CBN, Abuja	802906891 Naira Account : 0020150961018	BANK NAME: JP Morgan Chase Bank, New York, USA SWIFT CODE: CHASUS 33 ABA CODE: 021000021 BENEFICIARY: Federation Account with CBN	Not Applicable
2			802906891 Naira Account : 0020150961018		Not Applicable
3	Royalty on Production Sharing Contract (US$)	Central Bank of Nigeria (CBN) PSC Royalty	802906883	BANK NAME: JP Morgan Chase Bank, New York, USA SWIFT CODE: CHASUS 33 ABA CODE: 021000021 BENEFICIARY: Federation Account with CBN	Not Applicable
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PETROLEUM (DRILLING AND PRODUCTION) (AMENDMENT) REGULATIONS, 2019

LIST OF AFFECTED DOLLARISED ITEMS

Remitters should always ensure to:

a) Notify NUPRC before making payments into the offshore accounts and;

b) Subsequently notify NUPRC with copies of the payment receipts, forwarded to EC, ER & SP, NUPRC 7, Sylvester Ugoh Street, Jabi, Abuja FCT

For companies on regular payment schedule such as Royalty and Ground rent, the payments can be made normally and the advice also forwarded to EC, ER & SP, NUPRC

Revenue Accounts

ACCOUNT INFORMATION FOR VARIOUS NUPRC PAYMENTS, OPERATIONS, AND SERVICES.

PETROLEUM (DRILLING AND PRODUCTION) (AMENDMENT) REGULATIONS, 2019

LIST OF AFFECTED DOLLARISED ITEMS

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