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Federal Government Monthly Oil Sales Revenue Flashes By 75%


The Federal Government saw its crude oil sales revenue plunge by 74.89 per cent in July to a record low of $55.29m, according to the Nigerian National Petroleum Corporation.

The NNPC’s latest data on the Federal Government’s export lifting showed that its crude oil sales proceeds stood at $219.58m in June, up from $120.50m in May.

Following the collapse in global crude oil prices and…

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