N701.85bn Gross Revenue Generated in July 2017

Wednesday, October 04, 2017 12:30PM / NBS 

The fiscal statistics on government revenue and expenditure for July 2017 reflected that total gross oil revenue was put at N362.43bn as against N254.02bn in June 2017. Crude oil sales accounted for the larger chunk of the oil revenue as N188.15bn was generated from crude oil sales while gas sales generated N29.69bn. the least oil revenue came from rent and gas flared penalty with N0.044bn and N0.184bn generated respectively. 

Non-oil revenue came from Excise & Fees, import duty & other Customs  and Companies Income Tax & Other Taxes with N54.00bn and N284.85bn generated respectively as gross non-oil revenue amounted to N338.85bn.            

The gross revenue generated was put at N701.85bn while Net Federation Account Revenue after All Deductions Distributable was put at N521.82bn for July 2017.  

Click Here to Download July 2017 Fiscal Statistics (PDF) Report

Latest 2017 NBS Reports

Q3 2017

1.       FAAC Disburses N467.85bn in August 2017 - NBS

2.      Lagos Accounted for 74.8% of International Passenger Traffic in Q2 2017

3.      Lagos State Has the Highest Foreign and Domestic Debts as at June 2017

4.      CPI Drops to 16.01% in August 2017, 0.04% Lower Than 16.05% July Rate

5.      Average Air Fare Increased by 32.75% YoY in August 2017

6.      Average Prices of PMS, AGO, HHK and Cooking Gas - August 2017

7.      Average Price of 1kg of Yam Tuber Increased by 53.98% YoY in August 2017

8.     Nigeria’s Merchandise Trade Grew Marginally QoQ but Significantly YoY in Q2 2017

9.      2,287 Drug Abuse Convictions Secured in 2016 - NBS

10.  Average Price of 1kg of Tomato Increased YoY by 15.65% in July 2017 - NBS

11.   Average Prices of PMS, AGO, HHK and Cooking Gas - July 2017

12.  Average Intercity Fare Increased YoY by 27.49% in July 2017 - NBS

13.  CPI Drops to 16.05% in July 2017, 0.05% Lower Than 16.10% June Rate

14.  Total Value of Capital Imported into Nigeria in Q2 2017 Estimated at $1,792.3m - NBS

15.   FAAC Disburses N652.23bn in July 2017 - NBS

16.  Active Voice Subscribers Dropped by 6.67% in Q2 2017 – NBS

17.   Banking Sector Records 327.37m Volume of Transactions in Q2 2017 - NBS

18.  870,397 Candidates Sat for NECO in June and July 2016

19.  3,457 Nigerians Repatriated from Abroad in 2016 – NBS

20. Corruption in Nigeria - Bribery as Experienced by the Population

21.  Nigeria Produced 656.8m Barrels of Crude Oil in 2016

22. 2,503 Road Traffic Crashes Recorded in Q2 2017 - NBS

23. Daily Energy Generation Attained a Peak of 4,079MW in Q2 2017 - NBS

24. 7.59m Nigerians Are Registered Under the National Pension Scheme as at Q2’17 - NBS

25.  FAAC Disburses N462.36bn in June 2017 - NBS

26. NBS Annual Abstract of Statistics 2016

27.  Average Prices of PMS, AGO, HHK and Cooking Gas Price Watch - June 2017

28. Average Intercity Transport Fare Decreases to N1,559.68 in Jun’17 from N1,565 in May’17

29. Average Price Of 1kg Of Yam Tuber Increased YoY by 32.84% in June 2017 -NBS

30. CPI Drops to 16.10% in June 2017, 0.15% Lower Than 16.25% May Rate 

Q2 2017

31.  FAAC Disburses N418.82bn in May 2017 - NBS

32. GDP By Income and Expenditure Approach – Basic Price GDP Declines by 2.3% in Q3’16 - NBS

33.  Average Price Watch of PMS, AGO, HHK and Cooking Gas - May 2017

34.   Average Intercity Transport Fare Decreases to N1,5865. in May’17 from N1,587.04 in Apr’17

35.   Average Price Of 1kg Of Yam Tuber Increased YoY by 52.69% in May 2017 - NBS

36.   CPI Drops to 16.25% in May 2017, 0.99% Lower Than 17.24% April Rate

37.  N204.77bn Generated as VAT in Q1 2017 - NBS

38. 125,790 Cases of Reported Offences Recorded in 2016 - NBS

39. Labour Productivity Rose to N684.43 in 2016 - NBS

40. Merchandise Trade Grew By 0.1% - Positive Trade Balance Due to Rising Exports & Falling Imports

41.  Unemployment Rate Rises to 14.2% in Q4’16 from 13.9% in Q3’16 - NBS

42. Lagos Airport Accounted for 76.5% of International Passengers in Q1 2017 - NBS

43. FAAC Disburses N496.39bn in April 2017 - NBS

44. Banking Sector Records 304.31 mln Volume of Transaction in Q1 2017 - NBS

45.  Total Value of Capital Imported into Nigeria in Q1 2017 Estimated at $908.27m - NBS

46. GDP Contracts by -0.52% in Q1’17 from -1.73% in Q4’16; 5th Consecutive Quarter of Contraction

47.  Average Prices of PMS, AGO, HHK and Cooking Gas Price Watch – April 2017

48. Average Intercity Transport Fare Increases to N1,587.04 in Apr’17 from N1,466.46 in Mar’17

49. Average Prices of 1kg of Yam Tubber Increased by 42.45% YoY in April 2017

50. CPI Drops to 17.24% in April 2017, 0.02% Lower Than 17.26% March Rate

51.   Lagos, Rivers Top IGR for Full Year 2016

52.  Telecoms Subscribers Dropped by 1.33% in Q1 2017 - NBS

53.  Nigeria Imports 4.05bn Litres of PMS in Q1 2017 - NBS

54.  Lagos State has the highest domestic and foreign debt profile in 2016 - NBS

55.  2,556 Road Traffic Crashes Recorded in Q1 2017 - NBS

56.  FAAC Disburses N466.93bn in March 2017

57.  Daily Energy Generation Attained a Peak of 5,846 MW in Q1 2017 - NBS

58. Average Prices of PMS, AGO, HHK and Cooking Gas Price Watch - March 2017

59.  Average Intercity Transport Fare Increases to N1,466.46 in Mar’17 from N1,411.87 in Feb’17

60. Average Prices of 1kg of Yam Tubber Increased by 63.4% YoY in March 2017

61.  CPI Drops to 17.26% in March 2017, 0.52% Lower Than 17.78% February Rate

62. 7.49m Nigerians Are Registered Under the National Pension Scheme As At Q1 2017 - NBS

63. Lagos Airport Accounted for 69.1% of International Passengers in 2016 - NBS

Q1 2017

64. 11,363 Road Traffic Crashes Recorded in 2016 - NBS

65.  FAAC Disburses N514.15bn in February 2017

66. FAAC Disburses N430.16bn in January 2017

67.  Average Intercity Transport Fare Decreases to N1,411.87 in Feb’17 from N1430.63 in Jan’17

68. Average Price of 1kg of Rice Increased by 68% YoY in February 2017

69. Average Prices of PMS, AGO, HHK and Cooking Gas Price Watch - February 2017

70. CPI Drops to 17.78% in February 2017, 0.94% Lower Than 18.72% January Rate

71.   Nigeria Produced 43.49m Tons of Solid Minerals in 2016 - NBS

72.  NIPOST Generates N8.84bn Revenue in 2016 - NBS

73.  Q4 2016 Merchandise Trade Intensity - Total Trade Grows by 6.5% in 2016

74.  Merchandise Trade Grows in Q4 2016 - Records First Quarterly Positive Trade Balance Since Q4 2015

75.  GDP Contracts by -1.30% in Q4 and -1.51% for Full Year 2016; Is Nigeria on Its Way Out of Recession?

76.  JAMB Received 11.7m Applications Between 2010 and 2016

77.  Average Kerosene Price Increases to N433.84 in Jan'17 from N231.85 in Dec'16

78. Average Intracity Transport Fare Increases to N122 in Jan'17 from N84.29 in Dec'16

79.  Average Cooking Gas Price Increases to N2,567.56 in Jan’17 from N2,002.16 in Dec’16

80.Average Diesel Price Increases to N240.52 in Jan’17 from N196.20 in Dec’16

81.  Average Petrol Price Increases to N148.7 in Jan'17 from N146.7 in Dec'16

82. CPI Rises to 18.72% in January 2017, 0.17% Higher Than 18.55% December 2016 Rate

83. GENCOs Issued Total Invoice of N331bn to DISCOs in 2016

84. Nigeria Produced 5.79 mln Tonnes of Fish Between 2010 and 2015

85. 4,296 Applications Were Received by NAFDAC for New Products Registration in 2016 - NBS

86. 19,833 Vessels Berthed At Nigerian Ports Between 2013 and 2016 - NBS

87. Total Value of Capital Imported into Nigeria in Q4 2016 Estimated at $1,548.88mln - NBS

88.Telecoms Sector Contributes N1,399bn to GDP in Q3 2016 - NBS

89. FAAC Disburses N426.88bn in December 2016 - NBS

90. Banking Sector Records 910.18m Volume of Transaction in 2016 on Electronic Payment Channels - NBS

91.  Daily Energy Generation Attained a Peak of 3,859.59MW in Q4 2016 - NBS

92. 10.8% of Nigeria's Total Working Population Are Registered Under The National Pension Scheme - NBS

93. Nigeria Imports 4.83 bn Litres of PMS in Q4 2016 - NBS

94. 72.53% of Nigeria’s Prison Population in 2015 were Un-sentenced - NBS

95.  Lagos, Ogun Top IGR for H1 2016