Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Nigeria Takes $1.6 Billion From Crude Account, BusinessDay Says

Aug. 4 (Bloomberg) -- Nigeria’s government has withdrawn 250 billion naira ($1.6 billion) from its excess crude account savings this year, BusinessDay reported, without saying how it got the information.

While recurrent expenditure is meeting budget targets, investment was only 34 percent of the full-year target in the first half of 2011, the Lagos-based newspaper said.

To contact the reporter on this story: Elisha Bala-Gbogbo in Abuja at

To contact the editor responsible for this story: Antony Sguazzin in Johannesburg at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.