16 results
- 26 Dec 2014
Oshiomhole Says $30Bn Excess Crude Fund Unaccounted For
Governor Adams Oshiomhole of Edo state has accused the Federal Government of failing to account for about $30billion that have accrued to Nigeria’s excess crude account in the last three years,…
- 17 Jul 2015
₦11.56 Trillion Excess Crude Fund Develops Wings in 8 Years- Premium Times
At least N11.55 trillion or $84.52 billion expected revenue into the coffers of the nation’s Excess Crude Account for the eight-year period from 2007 to 2014 are unaccounted for, according to…
- 5 Jan 2020
Depletion of ECA Leaves Nigerian Economy Vulnerable- World Bank
Nigerian economy has become more vulnerable to shocks as a result of the depletion of the Excess Crude Account (ECA), according to the World Bank. The ECA was established in 2004 to save revenues in…
- 18 Nov 2013
Oppositions Ask FG to Account for Missing $5Bn
Opposition parties have challenged the federal government to account for the $5 billion, which has reportedly disappeared from the nation’s Excess Crude Account (ECA) The New Peoples Democratic Party…
- 17 Jan 2013
FG Rebuffs Govs, Won’t Share $1Bn Oil Money
President Goodluck Jonathan has rebuffed state governors who are demanding additional $1 billion from the Excess Crude-oil Account (ECA), a week after the three tiers of government shared about…
- 30 Jan 2013
FG Bows to Pressure, Shares $1Bn from Oil Money
National Economic Council (NEC), the advisory body to the President on the economy met yesterday and approved the sharing of $1billion from the Excess Crude Account (ECA) among the 36 states of the…
- 13 Jul 2015
Oshiomhole, Okonjo-Iweala in War of Words over $1Bn for Jonathan’s Re-Election
Adams Oshiomhole, Edo State Governor, has accused Dr. Ngozi Okonjo-Iweala, former minister of Finance and coordinating minister of the Economy, of tampering with $1 billion from the Federation…
- 29 Jun 2015
FG Begins Probes of N3.8trn Missing Oil Money
A panel of four governors was, yesterday, constituted to probe the affairs of the Nigerian National Petroleum Corporation (NNPC), following revelations that the corporation withheld N3.8 trillion of…
- 20 Nov 2013
CBN to Cut Naira Supply Next Year Ahead of 2015 Polls
Central Bank of Nigeria (CBN) may further reduce money supply next year under her new tighter monetary policy for the 2014 fiscal year, in a bid to check the excessive pressure on prices due to the…
- 25 Jul 2015
Deziani, Okonjo-Iweala, Others Key Targets as Buhari Launches Corruption Probe
Deziani Allison-Madueke and Dr. Ngozi Okonjo-Iweala, former Mmnisters of Petroleum and Finance respectively are among frontline ministers under President Goodluck Jonathan’s government that are being…
- 22 Jan 2014
Okonjo-Iweala, Sanusi in War of Words over Economy
The "cold war" between Dr. Ngozi Okonjo-Iweala, Co-ordinating minister for the Economy and minister of Finance; and Mallam Sanusi Lamido Sanusi, governor, Central Bank of Nigeria (CBN) have now…
- 16 Apr 2015
Okonjo-Iweala Advises GMB on Revenue Generation
Dr. Ngozi Okonjo-Iweala, minister of Finance and coordinating minister for the Economy, has urged the incoming administration of Muhammdu Buhari to take advantage of the rebasing of the economy which…
- 13 Jul 2015
PDP, APC Bicker over $5.6Bn NLNG Dividend
Peoples Democratic Party (PDP) has slammed Nigeria’s ruling the party, All Progressives Congress (APC) for insinuating that the past administration hid the Nigeria Liquefied Natural Gas (NLNG)…
- 2 Apr 2015
External Reserves Fall by $1.6Bn in March
The declining fortunes of the nation’s external reserve continued last month, as it fell by $1.55 billion during the month. Data published by the Central Bank of Nigeria (CBN) indicated that the…
- 17 Oct 2013
Nigeria’s Economy Gets Fitch’s ‘BB’ Rating
Fitch Ratings has affirmed Nigeria’s long-term foreign and local currency IDRs and senior unsecured bond ratings at ‘BB-’ and ‘BB’ . The outlook is stable, according to the agency, which also…
- 21 Dec 2018
Nigeria ends 2018 on a cautious note; 2019 elections in focus
By Lukman Otunuga, It has been another monumental year for the Nigerian economy which continued to display resilience against domestic and external headwinds. The healthy combination of easing…