The Oil Bloc
Your first choice for oil industry news

- Advertisement -

Nigeria made N5.4trn in a year from oil and gas – CBN

0

Figures obtained from the Central Bank of Nigeria revealed that the country earned a total of N5.37trn from August 2018 to July this year.

This was gotten from major oil revenue sources, which include; crude oil and gas exports, Petroleum Profit Tax and royalties, domestic crude oil and gas and others.

A breakdown of the N5.37trn showed that the sum of N346.45bn was realised from crude oil and gas exports, while N3.59tn was collected from the PPT and royalties.

In the same vein, the sum of N1.31trn was gotten from domestic crude oil and gas sales, while about N60.82bn was received from other oil revenue items.

A monthly breakdown of the N5.37trn showed that the sum of N403.6bn was earned from oil in August, while September, October, November, and December had N471.1bn, N422.1bn, N601.0bn and N441.3bn, respectively.

In January, the country earned N417.3bn from oil; February, N479.5bn; March, N516.9bn; April, N472.4bn; May, N410.2bn; June, N336.6bn; and July, N387.7bn.

Source Energymixreport.com
You might also like

Leave A Reply

Your email address will not be published.

Translate »