Business CBN warns Nigerian government on depletion of Excess Crude Account, foreign reserves -Premium Times

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The Central Bank of Nigeria, CBN, on Tuesday decried the continued depletion of Nigeria’s foreign reserves and excess crude revenue account, ECA, by the Federal Government, saying this portends grave danger to the economy.

The CBN governor, Lamido Sanusi, said at the end of the 93rd Monetary Policy Committee, MPC, meeting of the bank in Abuja that with activities towards the 2015 election gathering momentum, 2014 would be one of the most difficult years in the country in recent times.

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