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The Nigerian government raked in N581.710 billion in revenue from foreign exchange differences in July 2024. This is according to July’s Federation Account Allocation Committee communique. DAILY POST earlier reported that federal, state and local governments receivedN1.358 trillion as allocation for July 2024. The disbursed fund is a fraction of the N2.613 trillion total gross revenue for the period under review. Accordingly, exchange differentials, which represent accrued income to the government or bank holding foreign currency reserves arising from differences between the sale and purchase …

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