(AFX UK Focus) 2010-02-08 08:58 Nigeria oil savings drop to $6.2 bln - minister (Interactive Investor)

ABUJA, Feb 8 (Reuters) - Nigeria's windfall oil savings in its excess crude account have fallen to around $6.2 billion as the government spent to counter the impact of a global downturn, junior finance minister Remi Babalola said on Monday. Finance Minister Mansur Muhtar said in October the oil savings, which are supposed to cushion the OPEC member from the impact of any decline in world oil ...
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Added February 08, 2010
from Yahoo Nigerian News