Nigeria’s excess crude account held $325 mln on Nov 20 -accountant general

Reuters

Nigeria’s excess crude account stood at $324.54 million as of November 20, the accountant general said on Thursday.

Ahmed Idris gave the figure during a meeting of the country’s National Economic Council. The oil savings account, which holds dollar reserves from sales of crude above the assumed benchmark price, contained $1.92 billion as of June 2018.

The council also resolved to invest $250 million in the country’s sovereign wealth fund and consider ways it can leverage a portion of the country’s pension assets for co-investment with the fund.

Add Comment