Nigeria's Excess Crude Account Intact - Minister
Nigerian Finance Minister Ngozi Okonjo-Iweala has dispelled allegations that more than U.S.$1 billion is missing and has stated that the Excess Crude Account is intact.
Corruption in Nigeria
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Nigeria:
Excess Crude Account Intact, Says Okonjo-Iweala
Premium Times, 6 November 2013
The Minister of Finance and Coordinating Minister for the Economy, Ngozi Okonjo-Iweala, on Wednesday dispelled allegations that about $1.03 billion (about N161.7 billion) was… Read more »
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Nigeria:
Okonjo-Iweala - Excess Crude Account's Intact
This Day, 6 November 2013
Contrary to some recent media reports that $1.03 billion is missing from the Excess Crude Account (ECA), the Coordinating Minister for the Economy (CME) and Minister of Finance,… Read more »
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Nigeria:
Revenue Shortfall Takes Toll On Capital Expenditure
Leadership, 4 November 2013
The persistent revenue shortfall recorded this year has continued to take its toll on the projections made in the 2013 budget: a total of N1.01 trillion has been released for… Read more »
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Nigeria:
Oil Theft - FG May Lose U.S.$12 Billion in 2013 - Okonjo-Iweala
Vanguard, 4 November 2013
Revenue earned by Nigeria this year may be as much as $12 billion short of budget estimates as theft of crude and output disruptions persist in the oil-rich Niger River delta,… Read more »
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Nigeria:
FG Loses N603.2 Billion to Waivers, Credit Certificates
Leadership, 5 November 2013
The federal government has so far lost a whopping N603.2billion to import duty exemption, waivers on petroleum products and increased duty on imported rice in its bid to encourage… Read more »
InFocus
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Ratings company Fitch says the country's remained at the same rank as last year with indices showing a stable but non-progressive economic outlook. Read more »
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The House of Representatives has set-up a committee to investigate into alleged squandering of U.S.$67 billion of foreign reserves and excess crude account by the governments of ... Read more »
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The Presidency has refused to join the former World Bank Vice President for Africa, Oby Ezekwesili, in a national debate over the spending of the foreign reserves funds, accusing ... Read more »