The Nigerian National Petroleum Corporation (NNPC) has said that its crude oil and gas export sale in August 2018 was $470million, indicating an upsurge of about $78million when compared to July export figures of $391.91million.

The corporation stated this in its Monthly Financial and Operations report for August 2018 released on Wednesday in Abuja by its spokesman Mr. Ndu Ughamadu.

The report indicated that crude oil export sales contributed $337.62 million which represents 71.83 percent of the dollar transactions compared with $283.43million contribution in the previous month.

The release said export gas sales during the period amounted to $132.38million, adding that the August 2017 to August 2018 crude oil and gas export was worth $5.26billion.

Contribution from crude oil during the period, it stated, amounted to $336.43 million, while gas and miscellaneous receipt stood at $101.33million and $12.48million respectively.

A further breakdown of the figures showed that out of the export receipts, $142.31million was remitted to the Federation Account, while $307.93 million was remitted to fund the JV cost recovery for the month of August, 2018 to guarantee current and future production.

Total export crude oil & gas receipt for the period August 2017 to August 2018 stood at $5.23billion out of which $3.74 billion was transferred to JV Cash Call as first line charge and the balance of $1.49 billion paid into the Federation Account.

https://www.dailytrust.com.ng/oil-gas-export-sales-rose-by-78m-in-august-nnpc.html

Good show

YET WE ARE STILL BORROWING

The one wey una steal remain

Baru and Buhari are the most successful criminals in the history of Niger Delta oil

This people should just do anything they like with our money until 2019.

What's our gain as the masses?

People just mentioning money anyhow. chai

This is a sign of light at the end of the tunnel

saintjimos:
YET WE ARE STILL BORROWING

Oga it takes close $1 billion dollars to pay Nigerians

Workers every month and when minimum wage is increased it would approach 2 billion dollars..... Hope u all see how much we make a month from oil

Those shouting 30k minimum wage just know its 1.2 trillion of our money that would be used to pay those mostly lazy civil servants

joeokoriem:
What's our gain as the masses?

Ask the civil servants

Niger Delta, the sustainer of one Nigeria chant.

Sai Baba

GREAT NEWS FROM NNPC. PLS TELL NIGERIAN HOW MUCH YOU PAID SO FAR FOR SUBSIDIES AND OTHER HIDDEN OVER BLOWN STOMACH CONTRACTS?

mrvitalis:

Oga it takes close $1 billion dollars to pay Nigerians

Workers every month and when minimum wage is increased it would approach 2 billion dollars..... Hope u all see how much we make a month from oil

Those shouting 30k minimum wage just know its 1.2 trillion of our money that would be used to pay those mostly lazy civil servants

and why can't the senate, reps, governor, presidency cut down on their allowances and budget to help the civil servants to earn more?

Nah wa o

If only the money from oil and gas is properly utilized for the good of the masses.

SAI BABA

Michaellegend:

and why can't the senate, reps, governor, presidency cut down on their allowances and budget to help the civil servants to earn more?

Senate n reps budget is less than 140bn

Executive is less than 100bn
So at 30 minimum wage the money consumed by executive and legislators can't pay federal workers for A month

NNPC--- HEADQUARTERS OF FRAUD CORRUPTION STEALING etc

ANY GOVERNMENT THAT CAN HANDLE NNPC IS TRULY FOR THE PEOPLE