Is Nigeria's Excess Crude Account in Trouble?
Co-ordinating Minister for the Economy and Minister of Finance, Ngozi Okonjo-Iweala, says the country's excess crude account is in trouble with only U.S.$3.6 Billion in the fund, a drop from U.S.$20 Billion in 2006.
Nigerian oil pipeline.
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Nigeria:
Okonjo-Iweala - Country's Economy Risks Collapse
Daily Trust, 16 April 2012
The Coordinating Minister of the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala, has warned that the Nigerian economy faces imminent collapse except measures are put in… Read more »
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Nigeria:
Okonjo-Iweala Raises Alarm as Excess Crude Account Drops to U.S.$3.6 Billion
This Day, 13 April 2012
Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, has raised the alarm over the depletion of the Excess Crude Account (ECA) from $20 billion… Read more »
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Nigeria:
Excess Crude Suit - FG, States Agree to Settle Out of Court
Daily Trust, 6 April 2012
The National Economic Council (NEC) says the federal and state governments have reached an out-of-court settlement of the issue of the legality of the Excess Crude Account. Read more »
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Nigeria:
Excess Crude Account - Again, FG Seeks Out-of-Court Settlement
This Day, 27 March 2012
The Federal Government yesterday, in Abuja, made a u-turn and begged the Supreme Court for an adjournment to enable her settle out-of-court the case instituted by the 36 states… Read more »
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Nigeria:
N5.51 Trillion Sovereign Wealth Fund - Supreme Court Gives FG, 36 States Time to Settle
Leadership, 26 March 2012
The Federal Government Monday asked the Supreme Court for an adjournment to enable it resolve the dispute with the 36 states over the transfer of N5.5 trillion from the Federation… Read more »
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Nigeria:
Govt Depletes Excess Crude Account for Sovereign Fund
Daily Trust, 19 October 2011
The federal government yesterday announced the appointment of KPMG to put up a management team towards the commencement of the controversial Sovereign Wealth Fund (SWF). Read more »