NNPC Raked In 145 Billion Naira From Oil & Gas Export In 30 Days
In December 2017 alone, the Nigerian National Petroleum Corporation, NNPC exported crude oil and gas worth $476.25 million, about 145 billion naira.
This is more than double the $201.11 worth of crude oil and gas it exported in November 2017.
This is contained in the monthly NNPC Financial and Operations Report for December 2017, which was released on Tuesday.
According to the report, while receipts from crude oil amounted to $342.16 million, about 104 billion naira, the amount generated from export of gas and other miscellaneous receipts accounted for $ 94.85 million, about 29 billion naira and $39.24 million, about 4.1 billion naira respectively.
On Naira receipts, the report showed that domestic crude oil and gas sales in the month amounted to 96.68 billion naira, consisting of 89.11 billion from domestic crude oil sales and 7.57 billion from domestic gas.
Of the Naira receipts, the sum of 77.57 billion naira was transferred to the Federation Account in the month under review.
The report further showed that from January to December 2017, NNPC remitted a total of 857.36 billion naira into the Federation Account, 644.05 billion for Joint Venture financing, and 19 billion naira to the Federal Government for debt repayment.
Also Watch: You call it #Nigeria, we call it #Naija - #OurCountry