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Excess Crude Account Falls By 89%
According to a statement by the Ministry of Finance, Budget and National Planning, Nigeria’s excess crude account has declined by 89 per cent in the last eight years, moving from $4.1 billion in November 2014 to $472,513 in the same period of 2022. The ECA’s balance as of November 23, 2022, stood at $472,513.64. The…
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FG, States, LGs Share N681.33bn In March
The Federation Accounts Allocation Committee has shared a total of N681.33bn as March 2021 federation revenue to the federal, states and local governments including all relevant agencies in the country. During this month a sum of N154bn was transferred to the non-oil revenue savings and the balance in the Excess Crude Account was $72.413m. These…