Nigerian government account that established savings levels from crude oil sales. The account was intended to insulate the country from severe price shocks. The global recession of 2008-2009 forced the government to deplete the account to well below its peak in 2008. In 2010, the account was replaced with a national wealth fund.
Related information about excess crude account:
- What is excess crude account? definition and meaning
Definition of excess crude account: Nigerian government account that established savings levels from crude oil sales. The account was intended to insulate the ...
- Nigerian Sovereign Investment Authority | Sovereign Wealth Fund ...
The Excess Crude Account (ECA) has been replaced with three sovereign wealth ... The current administration stated the current Excess Crude Account has no ...
- US Shows Interest in Excess Crude Account Management - All Africa
Nov 16, 2012 ... The United States of America Thursday expressed interest in the management of Nigeria's Excess Crude Account (ECA), which was created to ...
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6 days ago ... Abuja — Efforts to amicably resolve the dispute between the Federal Government and the 36 states of the federation over the management of ...
- US seeks information on Excess Crude Account ... - Nigerian Tribune
Nov 16, 2012 ... THE United States (US) has demanded from the Federal Government, explanations on how it has been managing the Excess Crude Account ...
- US Seeks Information On Excess Crude Account ... - Nairaland
Nov 16, 2012 ... THE United States (US) has demanded from the Federal Government, explanations on how it has been managing the Excess Crude Account ...
- US seeks better management of Excess Crude Account ... - The Punch
Nov 16, 2012 ... The government of the United States of America on Thursday beamed its searchlight on the Excess Crude Account and urged the Federal ...
- Sovereign Wealth Funds Directory >> Nigeria - Excess Crude Account
Company Name: Nigeria - Excess Crude Account, Category: Sovereign Wealth Funds, Company Profile, Listed Contacts: ,