Oil revenues from producing states make up 41% of N418.8bn shared by FG in May
Nine oil producing states, including Lagos, contributed N174.99 billion (or 41 percent) in oil revenues to the N418.82 billion shared
Falling oil revenues, CBN support for naira deplete reserves to $30.49bn
*Reserves fell 0.89% in a month Nigeria’s foreign exchange reserves fell by 0.89 percent to $30.49 billion on May 25, 2017 from