Nigeria's ECA Shrinks From $35m To $376,655
The Federal Government has drawn down the Excess Crude Account (ECA) to $376,655.09 from $35.377 million in May, this year.
This means that in one month the government withdrew $35,000,344.91from the ECA.
The ECA is supposed to be a savings...
IOCs Fear Collapse As FG Says $3.27bn Crude Stolen In 14 Months
The total value of Nigeria’s crude oil stolen between January 2021 and February 2022 is about $3.27bn (representing N1.361tn at the official exchange rate of N416.25 to the dollar), the Federal Government declared...
