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Excess Crude Account

Acting Finance Minister of Finance Zainab Ahmed

Nigeria’s Excess Crude Account most poorly managed – report

Nigeria’s Excess Crude Account (ECA) has been ranked as the most poorly governed among similar funds operated by resource-rich countries in Sub-Saharan Africa, a new report by the Natural Resource Governance Institute (NRGI) has shown.

IMF clarifies report on Nigeria’s Sovereign Wealth Fund

The International Monetary Fund (IMF) on Friday clarified its categorisation of Nigeria as one of the countries with the worst use of the Sovereign Wealth Fund.

Federal government commits to improved funding of NSIA

The Federal Government says it will use revenue accrued in the Excess Crude Account (ECA) to improve the funding of the Nigeria Sovereign Investment Authority (NSIA).
Nigeria’s Minister of Finance, Zainab Ahmed on Wednesday debunked claims that the Federal Government was planning to reduce the number of children that a mother could have in Nigeria.

Excess crude account depletes amid oil price volatility

Programme Coordinator of the Nigeria Natural Resource Charter (NNRC), Tengi George-Ikoli, has expressed fears that the dip in oil prices could send the country back to recession going by the depletion of the Excess Crude Account (ECA).

Timi Frank challenges President Buhari to account for N360 billion from ECA

A political activist and former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, has challenged President Muhammadu Buhari to account for the $1 billion he illegally withdrew from the Excess Crude Account (ECA) to purportedly fight insecurity in view of the increasing spate of killings, banditry and kidnapping across the country.
The President of the Senate, Dr Bukola Saraki has cautioned politicians against overheating the polity ahead the general elections.

Senate adjourns till April 9, to pass 2019 budget April 16

The Senate on Tuesday said it would pass the 2019 budget on April 16, and adjourned sitting for one week to give room for its committee to present reports on the budget.
President Buhari receives in Congratulatory Visit Members of the Traditional Rulers Council in State House on 5th Mar 2019-2

President Buhari rejects Ajaokuta Completion Bill, National Housing Fund, others

President Muhammadu Buhari on Tuesday declined assent to a bill seeking to fund the completion of Ajaokuta Steel Company which was forwarded to him by the National Assembly in February 2019.
Ahmed Idris, the Accountant-General of the Federation (AGF)

Federal, states, local governments share N619.857 billion for February

A total of N619.857 billion has been distributed as federal allocation for the month of February 2019 among the Federal, States and Local Government Councils.
Demola Banu

Kwara debt portfolio hits N30.2 billion

The Kwara state government on Tuesday put its current debt profile at N30.2 billion. It added that the debt has a monthly repayment of N496.3 million.
Ahmed Idris, the Accountant-General of the Federation (AGF)

FAAC: Federal, states and local governments share N610.368 billion for January

The Federation Accounts Allocation Committee (FAAC) has shared a total of N610.368 billion to the three tiers of government.
Ahmed Idris, the Accountant-General of the Federation (AGF)

FAAC: Federal, states, local governments share N649.19 billion for December 2018

The Federal Government, states and local governments have shared N649.19 billion as revenue for the December 2018.

Governor Wike: Withdraw $500 million from excess crude account to clean up Ogoni land

Governor Nyesom Wike of Rivers State has called on President Muhammadu Buhari to withdraw $500 million from the Excess Crude Account (ECA) to facilitate the clean-up of the impacted Ogoni environment.

Presidency: Governor Ortom engaging in hate campaign against President Buhari

The Presidency has accused Governor Samuel Ortom of Benue State of engaging in hate campaigns against President Muhammadu Buhari.
Rivers State Governor Nyesom Wike

Governor Wike accuses federal government of neglecting Niger Delta

Rivers State Governor, Nyesom Wike, has decried what he described as deliberate neglect of the Niger Delta despite the “untold environmental hardship” being faced by people in the area.
Zainab Ahmed

FAAC plans fresh guidelines for remittance, withdrawal from ECA

For more transparent dealing and avoidance of rancour, the Federation Accounts Allocation Committee (FAAC) is planning fresh guidelines for revenue remittances and withdrawals from the nation’s Excess Crude oil revenue Account (ECA).
Zainab Ahmed

Excess crude account declines by $1.68 billion in three weeks

Mahmoud Isa-Dutse, the permanent secretary of the ministry of finance, says the balance of the excess crude account declined by $1.68 billion between November 25 and December 19.
Zainab Ahmed

FAAC: Federal, states, local governments share N812.76 billion for November

The Federal Government, states and local governments have shared N812.76 billion as revenue for the month of November.
The presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, is to kick-start his campaign for the 2019 presidential election through an address to Nigerians on Facebook on Monday.

Atiku Abubakar: Corruption has become official in Nigeria under Muhammadu Buhari

The Peoples Democratic Party (PDP) Presidential Candidate, Atiku Abubakar, has said he was taken aback last week when Mr. Babachir Lawal, former Secretary to the Government of the Federation, turned up at the Presidential Villa on Thursday, December 13, 2018, where he was received with pomp and pageantry.

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National Emergency Management Agency NEMA

Four NEMA staff kidnapped in Rivers

Four senior staff of the National Emergency Management Agency (NEMA) have been kidnapped by gunmen while another was shot on Tuesday evening in Rivers State.
Police have arrested another 16 people in connection to a series of bombings in Sri Lanka over Easter weekend which claimed at least 359 lives, officials said on Thursday.

Suicide bomb attacks: Officials arrest 16 more suspects in Sri Lanka

Police have arrested another 16 people in connection to a series of bombings in Sri Lanka over Easter weekend which claimed at least 359 lives, officials said on Thursday.
Golden Eaglets coach Manu Garba

Manu Garba: Bigger Guinea U17 players intimidated my boys

After missing out on the U17 Africa Cup of Nations final, Nigeria U17 coach Manu Garba has praised his players, stating that they played ‘gallantly’ in the face of ‘bigger’ Guinea U17 boys.
Ekiti State Governor Kayode Fayemi

Governor Fayemi approves retirement of eight permanent secretaries

Governor of Ekiti State, Dr Kayode Fayemi, has approved the immediate retirement of eight Permanent Secretaries in the state civil service.
L-R- Tristan Thompson, Kim Kardashian, Jordyn Woods.

Jordyn Woods opens up on bullying after Tristan Thompson-Kim Kardashian scandal

American reality star Jordyn Woods says she understood “what it’s like being a black woman, after going through intense bullying following her Tristan/Kardashian saga.