Wednesday, June 16, 2010

Nigeria's oil savings around $3.4 bln - acct general

ABUJA (Reuters) - Nigeria's windfall oil savings in its excess crude account stand at around $3.4 billion after the latest disbursal to the three tiers of government, the accountant general said on Tuesday.

Ibrahim Dankwambo said the excess crude account contained $3.2 billion and 29 billion naira. The account stood at $4.6 billion in early May, before the payment of budgetary allocations for April, May and arrears.

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