Business

Nigeria earned 557.9 bn naira in state revenue in February

Isaac UmunnaComment(0)

Nigeria earned 557.9 billion naira ($1.77 billion) in gross revenues in February, up from 538.9 billion naira the previous month due to higher crude exports and prices, the accountant general said on Thursday.The state distributed 647.4 billion naira to its three arms of government for running its operations.

A day earlier Nigeria’s finance minister called an emergency meeting with the head of state-owned Nigerian National Petroleum Corporation (NNPC) over revenue payments. ($1 = 314.5000 naira) (Reuters)

Isaac Umunna

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