Investors Withdraw N339.06bn From Stock Market In Q1, 2021       Foreign and domestic investors pulled out a total of N339.06bn from the Nigerian stock market in the first three months of this year, the latest data from the Nigerian Exchange Limited have shown. The data also showed...

Oil Hits Six-week High $68.47 As Dollar Weakens       The international oil benchmark, Brent crude, reached its highest in six weeks on Thursday as strong US economic data, a weak dollar and overall expected recovery in demand outweighed worries about the impact of increased COVID-19 cases...

Reps Increase Customs’ Revenue Target To N1.6trn         The House of Representatives yesterday increased the revenue target of the Nigeria Customs Service (NCS) from N1.4 trillion to N1.6 trillion as expected revenue for the 2021 fiscal year. The House also approved about N257, 183, 671, 694. 71...

Nigeria’s Debt Stock To Hit N34trn With New Loans       The total debt stock for Nigeria could rise from N33 trillion to N34tr soon as the National Assembly approves another N1.1tr external loan request for the federal government. The House of Representatives yesterday approved the external loan...

Senate Approves N216.646bn FIR's 2021 Budget       The Senate has approved N216, 646, 579, 231.00 as 2021 budget for the Federal Inland Revenue Service (FIRS). The Senate also approved the upward review of the revenue target of FIRS from N5.076 trillion last year to N7.61 trillion this...

Nigeria, Six Others Account For 65% Global Gas Flaring – W/Bank       The World Bank on Wednesday said Nigeria and six other countries were responsible for two-thirds of global gas flaring. It said this in a statement titled ‘Seven countries account for two-thirds of global gas flaring’. The...