Nigeria’s gross government revenues rose for the second consecutive month in June to 485.95 billion naira ($2.44 billion), up 33 percent from May, the finance ministry said.
The total for distribution to the three tiers of government was 518.542 billion naira including a 6.33 billion refund by the state oil company, value added tax of 64.99 billion naira and an exchange rate gain of 6.69 billion naira.
The balance of the Excess Crude Account stood at $2.207 billion, up from $2.078 billion on June 23.
Nigeria’s foreign debt stood at $10.32 billion in the first six months of the year, up 10 percent from $9.38 billion in the same period of last year, the Debt Management Office (DMO) said on Monday.
Offshore debt in naira terms showed a 39.1 percent rise to 2.03 trillion naira, due to a weaker currency which lost 20.9 percent during the period, the government agency said.
The DMO said domestic debt stood at 8.39 trillion naira ($43 billion) by end-June against 7.42 trillion naira a year earlier
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