Flare and pay 💰 WhatsUpp Brazil! 👋 Nigeria’s borrowing risk rises 😬

Today’s big stories:

1. Flare and pay 💰

2. WhatsUpp Brazil! 👋

3. Nigeria’s borrowing risk rises 😬

Here's what you need to know about the economy in 130 seconds.

1. Flare and pay 💰

What’s happening?

The federal government will fine onshore oil firms, including Shell, ₦22 billion for flaring 24.5 billion cubic feet of gas worth $86 million (about ₦40 billion), between January and February 2023.

What does this mean?

Nigeria has the