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Nigeria state revenues tumble 42 pct in July due to oil outages

ABUJA (Reuters) - Nigeria's government revenues slumped 42 percent in July due to oil theft and production outages, the accountant general said on Friday, underscoring how oil theft is damaging public finances this year. State revenues fell to 498 billion naira, the lowest monthly earnings this year and down from 863 billion naira in June. Oil theft has cut government earnings in several months ...
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Added August 23, 2013
from Yahoo Nigerian News