By News Express on 16/03/2014
Views: 2,182
Nigeria’s Excess Crude Account (ECA) has increased by $1.34 billion, the Minister of Finance announced this evening.
This brings the total savings in the ECA to $3.45 billion. Before the latest development, there was $2.11 billion in the account.
In percentage terms, this represents an increase of about 63.5%.
According to the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, the rise in the ECA signals the Federal Government’s commitment to rebuilding the country’s fiscal buffers by increasing the savings in the ECA and strengthening the foreign reserves.
•Photo shows Minister of Finance, Okonjo-Iweala.
Source News Express
Posted 17/03/2014 02:15:39 AM
CLASSIFIED ADS
You may also like...
BREAKING NEWS: Plot to impeach Abia Speaker thickens...
Notorious assassin opens up in police custody •Exposes...
Boko Haram Insurgency: Tears of joy as 8...
If I were Osoba..., By Johnson Alabi
BREAKING: Real Madrid beat Liverpool in 2018 Champions...
Customs arrests notorious job scammer
How oil marketers, banks colluded to defraud Nigeria...
Group attacks Okorocha over N850m Christmas Tree •Warns...
2016 Golden Pen Awards to hold in October...
Catalan parliament declares independence from Spain
Boko Haram’s continued detention of Leah Sharibu without...
Gale of military retrenchments and poor media presentation...
2019: Atiku shuts down Yola
APC a dying party swimming in corruption — Secondus •Promises Tsunami in the weeks ahead
It’s payback time for Turaki’s loyalty, says Bauchi State PDP
431 Pharmaceutical shops sealed in Imo
How ex-IGP Ibrahim Coomassie ordered my arrest, imprisonment in Kirikiri Prison – Shehu Sani
Fire guts main market in Jos, razes 217 shops
Ekiti Election: Oshiomhole exceeded expectations in his first national assignment as APC Chairman — Senator Alimikhena
Adegboruwa weighs options as Joe Igbokwe eats the humble pie
Kano has over 3 million out of school children – Ganduje
UK to assist INEC deliver credible, free and fair polls in 2019
We have not suspended issuance of cards — NIMC
Police to support Eko Disco on debt recovery
NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (363,412 views)
Nigerian female sex addict opens up, says ‘I like it with both men and women’ (359,131 views)
Shameless Genevieve Nnaji exposes breasts in public (287,537 views)
Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (235,953 views)
OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (215,260 views)
Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (212,947 views)
Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (187,040 views)
OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (168,988 views)
THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (156,568 views)
My wasted years in Olumba Olumba Obu’s Evil Brotherhood (153,281 views)
Lagos plane crash: Journalist releases victims’ names (148,057 views)
Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (139,174 views)
