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The eight oil-producing states in Nigeria received a sum of N377.93 billion as 13% oil derivation fund in the first half of 2022.
According to the National Bureau of Statistics, the amount received in the review period is 46.9% higher than the N257.2 billion shared in the second half of 2021.
The 13% oil derivation fund shared by the communities has increased significantly despite the non-remittance of funds by the Nigerian National Petroleum Corporation to the Federation Account.
Two-time world champion Anthony Joshua has entered the WBC heavyweight rankings. Joshua has been inserted at No.6 following successive defeats to Oleksandr Usyk, who retained the WBA, IBF and WBO belts. The British-Nigerian’s team confirmed they had accepted the terms laid out by Tyson Fury’s team ahead of a potential all-British super-fight on December 3.
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