excess crude account
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Business Nigeria’s recession buffer weak as Coronavirus drives oil near $47/bbl – The Guardian Nigeria News
With the impact of the coronavirus taking a toll on oil demand and the economy in general, the fear of another recession appears to be imminent as oil price dropped to $53.71 per barrel, amidst falling external reserves and excess crude account (ECA)... Read more via The Guardian Nigeria News...- Nigeria Business News
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Business Nigeria pivots to domestic investments after naira rout wipes out gains - Businesslive News
The Nigeria Sovereign Investment Authority (NSIA) is restructuring its portfolio to focus more on domestic investments after a drop in the.... Read more via www.businesslive News – https://ift.tt/2sPspxQ Get more: Nigeria Business News- curator
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South-South governors forum restate demand for restructuring – Premium Times Nigeria
The forum of South-South Governors on Wednesday in Port Harcourt restated its demand for restructuring and 13 per cent derivation from a federal government withdrawal. The spokesperson for the forum, Governor Seriake Dickson of Bayelsa, said after a one day meeting that the demand was in the …...- siteadmin
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Excess crude account swells as oil price leaps towards $80 – Vanguard News
Oil price is now trending towards $80 per barrel following bullish trading that heightened yesterday in the international market which saw the price leap to $78 yesterday, up from $67 April average. Oil This followed stepped up tension in the Middle East after the opening … Read more via...- curator
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Why impeachment plot against Buhari will fail – Reuben Abati - Naija.ng News
Former media aide to ex-President Goodluck Jonathan, Reuben Abati, has said that the move by the National Assembly to impeach President Muhammadu Buhari is an impossible .... Read more via Naija.ng News – https://ift.tt/2FxgHeQ Get More Nigeria Political News- siteadmin
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Those Who Wait For Me After Leaving Office Will Wait In Vain – Fayose – Naijaloaded News
Governor Ayodele Fayose of Ekiti State has hit back at perceived critics who he said were waiting for the expiration of his tenure to deal with him. Fayose said that ‘they would do so in vain’, when he was hosted at a … Read more via Naijaloaded News – https://ift.tt/2KpufNl Get More...- siteadmin
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Nigeria has $1.8 billion in Excess Crude Account – Official – Premium Times Nigeria
The Accountant-General of the Federation, Ahmed Idris, has stated that the balance in Excess Crude Account (ECA) as at April 23 stands at $1.8 billion ($1,829,862,047.42). Mr Idris made this known at this month’s (April) National Economic Council (NEC) meeting presided by the Vice President, …...- curator
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Politics Lawmakers fault Buhari’s $496m Tucano aircraft purchase without due process - Punch News
President of the Senate, Bukola Saraki, at the plenary on Wednesday read a letter from President Muhammadu Buhari seeking the approval of the legislature for the withdrawal of $496m from the Excess Crude Account for the purchase of military aircraft. Buhari, in the letter, however, … Read...- siteadmin
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N’Assembly, Executive Head for Showdown over Unapproved $496m Withdrawal from ECA – Thisdaylive
Lawmakers in both chambers of the National Assembly are set to take on the Executive over the withdrawal of $496 million (N151.4 billion) from the Excess Crude Account (ECA) for the procurement of 12 … Read more via Thisdaylive – https://ift.tt/2HXaCv9 Get More Nigeria Political News- siteadmin
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Politics Nigerian Governors In An Emergency Meeting In Abuja
An emergency meeting of the Nigerian Governors Forum is currently ongoing at the State House in Abuja, Channels Television reports. Details of the meeting still sketchy but sources, however, told Channels TV that it may not be unconnected with the controversy that has been generated by the...- ProfRem
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Business FG Reveals Balance in Excess Crude Account
The federal government on Thursday said that the Excess Crude Account stood at 2.309 billion dollars as at Sept. 27, 2017. Mr Ahmed Idris, Accountant-General of the Federation, stated this at the end of the monthly Federal Accounts Allocation Committee (FAAC) meeting on Thursday in Abuja...- ProfRem
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Business Nigeria: Finance Minister, Adeosun Reveals Account Balance of Excess Crude Account
The Minister of Finance, Mrs Kemi Adeosun, on Tuesday in Abuja, said that the balance of the excess crude account stood at 2.91 billion dollars Mrs. Adeosun said N510.2 billion was shared among the federal, states and local governments as revenue realised in August. She made the disclosure...- ProfRem
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Business Nigeria: Finance Minister, Adeosun Reveals Account Balance of Excess Crude Account
The Minister of Finance, Mrs Kemi Adeosun, on Thursday during the Federation Accounts Allocation Committee (FAAC) meeting said that the Excess Crude Account stood at 3.03 billion dollars as at August 25, 2016. Adesoun, was represented by the Permanent Secretary, Mr Mahmoud Isa-Dutse, explained...- ProfRem
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Business Finance Minister, Adeosun Reveals Excess Crude Account Balance For June
The Minister of Finance, Mrs Kemi Adeosun, told the National Economic Council (NEC) yesterday that the Excess Crude Account stood at $3.93bn as at July 20, 2016. The account was $2.259bn in May. - Excess Crude Account Balance For May Adeosun, also said that the Federal Account Allocation...- ProfRem
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Business Nigeria's Finance Minister, Adeosun Reveals Excess Crude Account Balance
Finance Minister Kemi Adeosun yesterday told the National Economic Council that the balance in the Excess Crude Account stood at $2.259 billion as of April 30, 2016. The minister put the interest accrued on the account at $429,903.55 “for the month of April 2016 experiencing a little drop in...- ProfRem
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