See How Much Nigeria Earned From Crude Export In October 2018 Alone
Six hundred and forty million dollars, an equivalent of 240 billion naira.
That is how much Nigeria earned from crude oil sales in October 2018, according to the Nigerian National Petroleum Corporation, NNPC.
The corporation disclosed this in its monthly Financial and Operation report for October 2018, released in Abuja on Wednesday.
It said that the total export receipt of 640.35 million dollars recorded in October 2018 was higher than the 527.70 million dollars logged in September 2018.
It added that the receipt showed 450.44 million dollars accrued from crude oil sale with gas and miscellaneous receipts standing at 173.92 million and 15.99 million dollars respectively.
In the downstream sector, the report revealed that the Petroleum Products Marketing Company (PPMC), a downstream subsidiary of NNPC, posted a receipt of ?231.33 billion from sales of white products in the month of October 2018 compared with ?150.25 billion sold in September 2018.
“Total revenues generated from the sales of white products for the period October 2017 to October 2018 stand at ?2.684 trillion, where PMS contributed about 88.32 per cent of the total sales value of ?2.371 trillion.
“To ensure continuous increase of PMS supply and effective distribution across the country, a total of 1.66 billion litres of petrol, translating to 55.50 milion liters/day, were supplied for the month under review,” it said.
Don't forget to share this story with your friends.