Business Govt earns N630.14b from fuel tax, royalties - Guardian

Vunderkind

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THE Federal Government earned about N630.14 billion from petroleum profit tax, royalties and domestic crude oil and gas sales in February, according to data released by the Central Bank of Nigeria (CBN). This exceeded the crude oil earnings in the preceding month.

The CBN, which made this disclosure in its latest monthly economic report, stated that the increase in oil receipts relative to the preceding month was attributed to the increase in receipts from crude oil and gas exports, and royalties, domestic sales of crude oil and gas sales and other oil revenue.

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Source: #NGRGuardian

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