Concerns as Excess Crude Account depletes to $274m

Excess Crude Account slides to $70m as fiscal buffers disappear

Nigeria’s Excess Crude Account (ECA) balance now stands at $274.407 million, the Office of the Accountant General of the Federation (OAGF) announced on Thursday. The ECA saves the difference between the estimated price and the actual price of crude, and as at last Wednesday had slumped from a p

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