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Nigeria experienced decline in remittance inflow by 28% in 2020 ― World Bank

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

African cryptocurrency exchange process $3.2bn in three years

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 loses market share

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.

Dogecoin price surges as population trading app adds cryptocurrency for millions of new users

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 Buhari re-appoints heads of NCAC, NTDC, NFVCB

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

More trouble for Nigeria as fuel subsidy wipes off oil revenue

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.”

Oil imports gulped $1.32bn in 2020, says CBN

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.

Nigeria’s trade deficit rises 49% to $2.5bn

“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.

Oil price gains for fifth consecutive month

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.”

Nigerian stocks fall further, investors lose N30bn

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’s daily oil production hits 1.57 million barrels

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

Delta communities threaten to shut down oil firm over massive spill

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.”

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Sunday Igboho handcuffed inside Cotonou cell, being fed by someone – Lawyer, Salami

“At the moment, Sunday Igboho’s hands are in chains at the police station. This is not good at all.”

Boko Haram kills seven Cameroonian Soldiers, injure scores

NAN reports that the development was the deadliest attack on the Cameroon army in more than 10 months, according to security reports

Flight operations resume after plane crash in Ilorin airport

Passengers onboard reportedly escaped death by the whiskers when the aircraft burst its tyre while landing and a bang affected the cabin which led to luggage falling on them

Gbajabiamila decries poor voters turnout at Lagos LG polls

From what I have seen so far, there is no violence and people are conducting themselves orderly but would have wanted a larger turnout