logo

Nigeria’s excess crude account held $72.41 million as of July 7: finance minister

PUBLISHED: Fri, 10 Jul 2020 10:32:26 GMT

Share

ABUJA (Reuters) – Nigeria’s excess crude account held $72.41 million as of July 7, the country’s finance minister said on Thursday.

Zainab Ahmed 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 $324.54 million as of Nov. 20 last year.


Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.