Economy

“The decline in flows to Sub-Saharan Africa was almost entirely due to a 28 per cent decline in remittance flows to Nigeria.

Dogecoin was down 18.85 per cent. It had a live market cap of $60,978,133,650, a circulating supply of 129,545,137,245 DOGE coins, and its max. supply was not available.

Bitcoin is valued above $58,000 and accounts for about 46 per cent of the crypto market. This is down from the 70 per cent share of the crypto market it held at the beginning of the year.

Unlike bitcoin’s fixed supply and relatively slow block times, the supply of dogecoin increases at a steady rate, making dogecoin inflationary with faster and cheaper transactions – qualities that some say make it ideal for use as a real-world currency.”

President Muhammadu Buhari has approved the reappointment of the following Chief Executive Officers for another term of four years.

Accordingly, the AGF is invited to note that the sum of N111,966,456,903.74 will be deducted from April 2021 Oil and Gas Proceeds due to the Federation in May 2021, which will translate to zero remittance to the Federation Account from NNPC in the month of May 2021.”

Nigeria, Africa’s largest oil producer, relies largely on importation for petrol and other refined products as its refineries have remained in a state of disrepair for many years.

“When compared with the corresponding period of 2020, it indicated a 27.5 per cent decline. Aggregate exports declined by 9.2 per cent to $2.81 billion in the review period, compared with $3.10 billion in December 2020, due, largely, to decline in crude oil and gas export receipts.

The OPEC Reference Basket increased $3.51 or 5.7 per cent m-o-m (month-on-month) to average $64.56/barrel, the highest on monthly terms since January 2020.”

The financial services industry (measured by volume) led the activity chart with 607.22 million shares valued at N6.07bn traded in 10,125 deals, thus contributing 68.46 per cent and 65.99 per cent to the total equity turnover volume and value respectively.

Nigeria produced 1.57 million barrels per day last month, a 30,000 bpd rise from February, and 70,000 bpd above its quota.

The woman leader of the federated communities, Mrs Rachael Ukuveghre said the women, “will occupy the premises, we will dance naked on their premises until they listen to us.”