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Osun groaning under huge debt criticises Budgit report on finances
The Budgit report highlighted the debt profile of Nigeria’s 36 states.
Tag: Excess Crude Account (ECA)
Nigeria resumes payments into excess crude account – Minister
Mrs. Adeosun speaks on the economic policy of the government.
How we were pressured to squander $18bn excess crude saving — Jonathan
Former President says those accusing him of corruption are same folks who frustrated his anti-graft efforts
EXCLUSIVE: How Nigeria’s Accountant General deceived VP Osinbajo, governors; ₦324 billion oil money unaccounted for
The nation's relevant agencies have always treated Nigerians to contradictory and inaccurate figures of oil revenue earnings.
FAAC: FG, States, LG share N370.4b for January
There was a slight increase in production of crude in December 2015 but the resulting income was marginal due to ...
How 3 Nigerian Presidents wasted N247 billion oil savings, gave illegal loans to NSA, Sao Tome
The excess oil funds would have come handy for Nigeria as the nation is hit by falling oil prices.
Apologise to Nigerians, Falana tells Okonjo-Iweala
The former minister faces growing criticism over her handling of government finances.
Apologise to Jonathan, PDP tells Buhari; insists LNG money saved by previous govt
The party advises the presidency to avoid insults and abuses.
Bailout for States: PDP accuses APC of Excess Crude Account blunder
PDP says the APC seeks to ensure it gets no credit.
Presidency says bailout to states drawn from NLNG dividends; says excess crude fund intact
The presidency says last week's meeting of the National Economic Council cconcluded that the Excess Crude Account should be left ...
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FAAC disowns Okonjo-Iweala; denies approving withdrawal of $2bn Excess Crude funds
“FAAC did not and could not have approved, nor took the decision to withdraw the sum of $2bn from the ...
Salary Crisis: Buhari names committee to consider sharing excess oil money
President Buhari promised to assist states ravaged by Boko Haram.
FACT-CHECK: After 16 years in power, several PDP’s promises unfulfilled
The People’s Democratic Party (PDP) has ruled for 16 years since Nigeria returned from military to civilian rule. Has it ...
How Jonathan Administration ran Nigeria’s economy aground – APC
''This Administration has just built a new banquet hall at the presidential villa to the tune of $100 million ".
Nigeria’s foreign exchange reserves down to $34.38bn in January
The drop is attributable to the various drawdowns by the CBN pursuant to its commitment to defend the nation's currency.
Nigeria’s Excess crude account down to $2.45 bn
The Excess crude account stood at $3.11 billion in November 2014.
Falling Oil prices: States consider slashing political office holders’ pay
“The issue is not about the number of these political appointees, but their huge earnings.”
Missing $1billion Excess Crude Funds spent on settling oil marketers’ debts
Mrs. Okonjo-Iweala did however not say why the Federal Government dipped its hand in the ECA without the knowledge or ...
EDITORIAL: The Nigerian Economy and the Falling Oil Prices
“The current crisis was one foretold. The bigger worry is how well this government may manage it."
Falling oil prices: Nigeria has capacity to handle crisis, says Okonjo-Iweala
The minister said government was considering the introduction of tax reliefs.
Amaechi to Okonjo-Iweala: You lied on missing $5 billion crude oil money
The Rivers State Governor, Rotimi Amaechi, on Saturday accused the Finance Minister, Ngozi Okonjo-Iweala, of providing false details on how ...
2014 Budget: Nigeria Senate approves 2014-2016 expenditure framework
The Senate also described the Excess Crude Account as illegal. The Senate on Wednesday approved the 2014-2016 Medium Term Expenditure Framework and Fiscal ...
