YENAGOA—BAYELSA State Deputy Governor, Rear Admiral John Jonah (retd), has declared N4.4 billion as the balance of funds available to the state as at September 30, 2018.
He announced this while presenting the income and financial statements for the months of August and September in Yenagoa, in line with the administration’s policy of accountability and transparency.
He explained that the amount consists of N3 billion balance brought forward from the month of August, while N1 billion represented the balance of funds at the end of September.
Worldwide Monetary Fund authorities are "gaining vital ground" on another emergency credit bargain for disturbed Argentina, which keeps on observing its money decay, the reserve said Monday. The group in Buenos Aires proceeds with work to concur on another bundle of measures that would permit quick endorsement by the leading group of the loaning organization, the IMF said in an announcement. The IMF and Buenos Aires concurred in June on a three-year, $50 billion safeguard loaning program however Argentina has since requested a more quick payment. The IMF mission has held meetings with the economic team and central bank in Buenos Aires over the past week and “important progress is being made toward strengthening Argentina’s economic policy plan, supported by a Stand-By Arrangement with the IMF,” the statement said. “We are working hard to conclude these staff-level talks in short order and present a proposal to the IMF Executive Board.” Buenos Aires has received $15 billion so...
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