NNPC recorded $471.9m export receipts in July

Image result for NNPC recorded $471.9m export receipts in JulyThe Nigerian National Petroleum Corporation has announced a total export receipt of $471.9m for the month of July 2017 as against $219.34m posted a month earlier.

According to the July edition of the Monthly Financial and Operations Report of the corporation, which was made public on Thursday, contribution from crude oil amounted to $392.20m, while gas and miscellaneous receipts stood at $64.72m and $14.98m, respectively.

The report indicated that of the export receipts, $108.09m was remitted to the Federation Account, while $363.81m was remitted to fund the Joint Venture cash call for the month of July to guarantee current and future production.