By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: FG Earns N581.7bn from FX Difference in July
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | FG Earns N581.7bn from FX Difference in July

Business

FG Earns N581.7bn from FX Difference in July

Olaitan Sodiq
Olaitan Sodiq
Published: June 14, 2025
Last updated: June 14, 2025
1 Min Read
Share
FG Earns N581.7bn from FX Difference in July | Daily Report Nigeria
SHARE

 

The Nigerian government generated N581.710 billion in revenue from foreign exchange differences in July 2024, according to the Federation Account Allocation Committee (FAAC) communique.

This revenue is part of the N1.358 trillion allocation received by federal, state, and local governments for July 2024.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

The FAAC report showed that the N581.710 billion earned from exchange differentials is a significant contribution to the total gross revenue of N2.613 trillion for the period.

Other sources of revenue included statutory revenue (N161.593 billion), value-added tax revenue (N528.307 billion), Electronic Money Transfer Levy (N18.818 billion), and others (N13.647 billion).

The Central Bank of Nigeria’s decision to float the naira on June 14, 2023, led to a significant drop in the currency’s value, from N477 per dollar to N1,579.89. This move has resulted in increased revenue for the government through exchange differentials.

 

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:Federation Account Allocation CommitteeForeign ExchangeNigerian GovernmentRevenueTop Stories
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

2026 World Cup: Nigeria vs S’Afica – Venue, Date Revealed | Daily Report Nigeria
2026 World Cup: Nigeria vs S’Afica – Venue, Date Revealed
Sports
BBNaija Season 10: Jason Jae Claims First Head of House Title After Multi-Stage Challenge | Daily Report Nigeria
BBNaija Season 10: Jason Jae Claims First Head of House Title After Multi-Stage Challenge
Entertainment
Priscilla Ojo and Jux Allegedly Welcome Baby via Surrogacy — Kemi Olunloyo Claims | Daily Report Nigeria
Priscilla Ojo and Jux Allegedly Welcome Baby via Surrogacy — Kemi Olunloyo Claims
Entertainment
João Félix Rejoins Ronaldo at Al-Nassr After Chelsea Exit | Daily Report Nigeria
João Félix Rejoins Ronaldo at Al-Nassr After Chelsea Exit
Sports
Esther González Crowned Top Scorer at UEFA Women’s Euro 2025 | Daily Report Nigeria
Esther González Crowned Top Scorer at UEFA Women’s Euro 2025
Sports

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

Border Closure Provided More Jobs — Buhari | Daily Report Nigeria
Politics

Border Closure Provided More Jobs — Buhari

June 15, 2025
Ijaw, N'Delta Leaders Demand Wike's Sack, Condemn Emergency Rule in Rivers State | Daily Report Nigeria
Politics

Ijaw, N’Delta Leaders Demand Wike’s Sack, Condemn Emergency Rule in Rivers State

June 13, 2025
Shehu Sani Reacts To Abduction of Niger Commissioner | Daily Report Nigeria
News

Shehu Sani Reacts To Abduction of Niger Commissioner

June 15, 2025
Bandits Kill 23 Persons Within 24 Hours in Kaduna | Daily Report Nigeria
Metro

Bandits Kill 23 Persons Within 24 Hours in Kaduna

May 7, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?