16.08.2010 - Nigeria disburses $4.7bln to govt, plans wealth fund
From Arabnews.com: Nigeria has distributed $4.7 billion in revenues and windfall oil savings to government for July, a massive disbursal which is likely to trigger a drop in bond yields and interbank rates next week, dealers said. Africa's biggest oil and gas producer shares its revenues among three tiers of government each month -- federal, state and local -- and tops the disbursal up with a withdrawal from its windfall oil savings if there is a shortfall...........................................Full Article: Source
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