Petroleum sector generates N12.132b tax in three months

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Nigeria?s petroleum sector contributed Value Added Tax (VAT) of N12.132 billion during the first quarter of 2018, data from the National Bureau of Statistics (NBS) has shown.NBS said its first quarter VAT allocation report at the weekend, that offshore operations of the oil and gas sector generated 797.489 million; oil marketing, N2.512 billion; oil producing, N7.360 billion; and gas, N1.461 billion.

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