Excess Crude Account

The Federal Government withdrew $1 billion from the Excess Crude Account (ECA) to fund security amid depleting oil revenue, an official said on Wednesday. Minister of Finance, Budget and National Planning, Hajia Zainab Ahmed, made this…

The federal and state governments have resolved disagreement over the deductions from the Federation Account for payment of consultants for the Paris Club Refund. Recall that FAAC meeting, last Friday, had ended in a deadlock as…

The Federal Government diverted N543.63 billion for Natural Resources Development to fund the Independent National Electoral Commission (INEC) and budget deficit, the Nigeria Extractive Industries and Transparency Initiative (NEITI) has…

The Bayelsa State Government has declared a N1.88 billion deficit as balance for April, 2018, saying its earnings from the Federation Account Allocation Committee (FAAC), have been suffering a setback in the past four months. Deputy…