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)...
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The Nigeria Sovereign Investment Authority (NSIA) is restructuring its portfolio to focus more on domestic investments after a drop in the....
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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 …...
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 …
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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 ....
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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 …
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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, …...
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, …
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 …
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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...
nigerian governors forum
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...
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...
minister of finance
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...
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...
national economic council
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...
acount balance of excesscrude april
nigeria's finance minister