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Nigerian govt, States, LGs share N639.901bn for September
The Excess Crude Account now has a balance $72.41m.
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The Excess Crude Account now has a balance $72.41m.
Federal, states and local governments share N812.8 billion for November.
N29.83 billion was shared to oil-producing states based on the 13 per cent derivation principle.
The minister denies saying states' finance commissioners approved the payment.
The U.S. is reducing its oil import including from Nigeria.
The Federal Government now has six months to settle with the state governors or face judicial pronouncement.