Customs Generate N46.85bn In Q1, 2021     The Ports and Terminal Multiservices Limited Command of Nigeria Customs Service has recorded N46.85bn as total revenue collection for the first quarter of 2021. According to a statement signed by the spokesman of the command, Muhammad Yakubu, the command collected...

Africa’s Climate Change Impact Rises To $50bn Annually       The African Development Bank (AfDB) has said the impact of climate change on the continent could rise to $50 billion each year by 2040, with a further three per cent decline each year in gross domestic product...

IMF Proposes $650bn Special Drawing Rights To Members — Kristalina Georgieva       The International Monetary Fund (IMF) is to propose a $650 billion Special Drawing Rights (SDR) to its member countries in the organisation’s efforts to boost their reserve positions. The Managing Director (MD) of the IMF,...

Oil Drops To $62 As COVID-19 Dims Demand Outlook       The international oil benchmark, Brent crude, fell the most in nearly two weeks on Monday as growing delays in Europe’s reopening and looming Iranian supply dampened hopes for a swift decline in global inventories. Brent, against which...

IMF Excludes Nigeria From Debt Relief     Nigeria has been excluded from the list of 28 countries granted debt pardon by the Executive Board of the International Monetary Fund (IMF). The Board has approved a third tranche of grants for debt service relief for 28 member countries...

FDI Drops To $65m Over Insecurity, COVID-19 Uncertainties       Foreign Direct Investment inflow to Nigeria dropped to $65m as of the end of the fourth quarter of 2020 from $780m as of the end of third quarter. Figures obtained by our correspondent from the Central Bank of...