Nigeria's crude oil earnings during the fourth quarter of 2014 declined from $9.95 billion (about N2.5 trillion) it recorded in the preceding quarter to $7.77 billion (N1.9 trillion), according to the latest report from the Central Bank of Nigeria (CBN).Besides, total allocation to state governments (including the Federation Account, 13 per cent Derivation Fund and VAT) stood at N620.29 billion during the review quarter.
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