“I grew Nigeria’s FX reserves from $3.7 billion to $45 billion, saved $25 billion in ECA” — Obasanjo
Former Nigerian President Olusegun Obasanjo has recounted how he boosted the country’s foreign reserves from a meager $3.7 billion to ...
Tag: Excess Crude Account
NEC approves six Governors as board members for Niger Delta Power Holding Company
The National Economic Council (NEC) has confirmed the appointment of six state governors to the Board of the Niger Delta ...
FAAC: FG, states, LGs share N1.208 trillion from April revenue
The Federation Account Allocation Committee (FAAC) has announced the distribution of N1.208 trillion to various levels of government in May ...
Excess crude account: FG earmarks N16.1 billion monthly to settle states’ N1 trillion debts
The Federal Government of Nigeria has committed to a monthly payment of around N16.1 billion over an eight-year period, aimed ...
How Nigeria’s Excess Crude Account got depleted
Despite the rally in the price of crude oil, Nigeria’s excess crude account has now fallen to a record low ...
FG says it used $35 million from Excess Crude Account to purchase Offshore Patrol Vessels
The Federal Government has responded to reports that the Excess Crude Account has dropped from $35.7 million to $376,655.
Nigeria’s Crude Oil: This data is damning
Here is a quick deep dive into the statistical anomalies and warning signs that policymakers need to examine for introspection ...
Why 32 power projects were stalled across Nigeria- Gov. Yahaya
The projects account for an investment of $137 million that the Nigerian public is unable to realise value from due ...
Should Nigeria outsource its oil production to China?
Another dismal monthly oil production count, another deficit behind the production quota granted by OPEC+, and another missed opportunity to ...
Excess Crude Account: FG explains why only $35 million is left
The Federal Government has explained how Nigeria’s Excess Crude Account fell from $72.4 million to $35milion in a space of ...
