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.

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The balance of the Excess Crude Account stood at $2.207 billion, up from $2.078 billion on June 23.

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Reuters


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