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. Reuters
Pix: Excess crude account
