The House of Representatives has set up an ad-hoc committee to investigate the Central Bank of Nigeria (CBN) over its use of the excess crude account...
The Federal Government has again depleted the country’s Excess Crude Account (ECA) after withdrawing $35.377 million in May this year. With this development, only $376,655.09 is...
Nigeria’s Excess Crude Account is almost empty and could just be left empty soon if the Federal government should make one more big withdrawal. On Friday,...
The Nigeria government has revealed that Nigeria Excess Crude Account (ECA) dropped by 15.9 percent to N60.85 million as at the end of June 2021 from...
In six years, President Muhammadu Buhari’s administration has withdrawn $2.13 billion from the Excess Crude Account (ECA). The ECA has been depleted from $2.2 billion in...
On Thursday, The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed that the nation’s excess crude account (ECA) balance as at March 16,...
Nigeria’s Excess Crude Account, which contains surplus cash from extra crude sales above budget benchmark, plunged from $324.54 million to $72.41 million in the roughly 8-month...
The Federation Account Allocation Committee (FAAC) has remitted the sum N119.55 billion to the Excess Revenue Account, a statement from the Office of the Accountant General...
The National Executive Council (NEC) meeting Thursday saw state governors give the rationale behind the fall in the balance of the Excess Crude Account (ECA) by...
The government of Bayelsa State has accused the Nigerian Government of making illegal deduction of N450 billion from its monthly allocations over the last 13 years....
The presidency has provided details of how $1billion removed from the excess crude account (ECA) for security in the country was spent. Ripples Nigeria had reported...
The Peoples Democratic Party (PDP) has asked President Muhammadu Buhari to immediately explain to Nigerians what his government did with $1 billion drawn from the Excess...
The Federal Government has depleted the Excess Crude Account, ECA, by $1.68 billion between November 25 and December 19, leaving a balance of $631 million in...
Lawmakers in both chambers of the National Assembly are set to take on the Executive over the withdrawal of $496 million (N151.4 billion) from the Excess...
Concerns that the Nigerian government may have acted beyond its constitutional powers in withdrawing $1bn from the Excess Crude Account (ECA) to fight Boko Haram insurgents,...
More facts have emerged on why the Stabilisation Fund Account (SFA) and Excess Crude Account (ECA) of Nigeria have been in the decline between 2015 and...
In light of dwindling proceeds from crude oil sales, government revenue has been shored up by non-oil revenues, which hitherto took a backseat. The Federal Accounts Allocation...
The President-elect, Muhammadu Buhari, has lamented that the Minister of Finance, Dr. Ngozi Okonjo-Iweala, played a big role in the depletion of the Excess Crude Account....
The drop in crude oil prices in the international market has taken its toll on the federation account as statutory allocation to the three tiers of...
