The Central Bank of Nigeria (CBN) has revealed that the Federal Government’s earnings from crude oil and gas exports increased by $40.86billion (about N18.18 trillion) in the first eight months of 2022.
This is a 60.42 percent rise compared with $25.47 billion in the corresponding period of 2021.
The apex bank’s economic reports for the period under review indicated that crude oil and gas export receipts, account for over 80 per cent of Nigeria’s total export.
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