Showing posts with label oil funds. Show all posts
Showing posts with label oil funds. Show all posts

Saturday, March 23, 2013

Nigeria further depletes oil savings for spending

ABUJA (Reuters) - Nigeria will make a second $1 billion withdrawal from its Excess Crude Account (ECA) by next month to distribute to its three tiers of government for projects, reducing its oil savings to $6.82 billion, the state minister for finance said on Thursday.