Excess Crude Account

Presidency explains spending on $1bn security fund, dismisses PDP’s claims

The Presidency has dismissed Peoples Democratic Party’s (PDP) allegation that the one billion dollars drawn…

Gov. Dickson: Approval of $1bn to fight insurgency will strengthen security

Gov. Seriake Dickson of Bayelsa on Tuesday explained that the Governors’ Forum’s decision to grant…

$1bn B’Haram fund: Govs violated due process, says Gbajabiamila

Ayorinde Oluokun/ Abuja Majority leader of House of Representatives, Femi Gbajabiamila has said the Nigeria…

Wastages under PDP alarming, says Amaechi

The Minister of Transportation, Mr Rotimi Amaechi, says the wastage under the administration of Peoples…

More money trouble for Nigerian states, revenues plunge further

The financial crisis of Nigeria's Federal Government and the states has worsened,  with a fall…

Nigeria: Excess Crude account swells by $100m, despite falling oil prices

Nigeria's National Economic Council has been told  that the Excess Crude Account (ECA) stood at $2.207…

Okonjo-Iweala replies Oshiomhole: I didn't steal money for Jonathan

Dr Ngozi Okonjo-Iweala, former Nigerian minister of finance has denied the allegation that she diverted…

Buhari denies drawing down Oil money savings for salaries

Nigeria's Presidency on Tuesday dismissed media reports that the presidential relief package for Cash-strapped states…

Okonjo-Iweala replies governors: I didn't unilaterally spend $2.1bn

Nigeria's former minister of finance, Dr Ngozi Okonjo Iweala has described allegations that she spent…

Probe of Jonathan years begins

The National Economic Council (NEC) on Monday set up a four-man committee to examine the…