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Yearly Archives: 2020

NAICOM adjusts rules of insurers’ operations

NAICOM adjusts rules of insurers’ operations

The National Insurance Commission says it has given regulatory forbearance to insurance companies as part of business continuity measures to ensure availability of insurance services and protection of policyholders during the COVID-19 movement restriction. In a circular to the regulated ...

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Electricity: Gas shortage stalls 10,362MW in three days

Electricity: Gas shortage stalls 10,362MW in three days

Gencos seek govt intervention In three days, April 2 to April 4, gas shortage to thermal power plants stalled the generation of 10,362.5 megawatts of electricity. The generation companies explained that gas shortage greatly hindered the production of electricity in ...

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Air Peace delivers FG’s medical supplies from Turkey

Air Peace delivers FG’s medical supplies from Turkey

The Federal Government has taken delivery of medical supplies from Istanbul, Turkey, to fight the coronavirus pandemic. The supplies were delivered by an Air Peace aircraft, a Boeing 777 with registration number, 5N-BWI, which arrived at the Nnamdi Azikiwe International ...

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Index slumps further by 3.51% as pandemic wreaks havoc on global economy

Index slumps further by 3.51% as pandemic wreaks havoc on global economy

As COVID-19 continues to wreak havoc on economic activities across the globe, the Nigerian equities market recorded another bearish outing at the end of last week”s transactions. Specifically, the All-Share index and market capitalisation plummeting by 3.51 per cent to ...

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Diesel, kerosene prices fail to drop despite oil crash

Diesel, kerosene prices fail to drop despite oil crash

The pump prices of diesel and kerosene in Nigeria have yet to reflect the collapse of global crude oil prices despite the deregulation of the products by the Federal Government. Following the sharp drop in oil prices, the pump price ...

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Wike Laments Rivers State Exclusion From FG COVID-19 Aids

Acquisition of Shell’s equity in OML 11 height of resource control, Wike declares

Oil Drilling expatriates endangering Rivers State By Kenneth Jukpor   The Governor of Rivers State, Chief Nyesom Wike has lampooned the federal government for excluding his State in the support via medical aids and relief materials. Noting that Rivers State ...

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THE EVERLASTING LOVE

THE EVERLASTING LOVE

One fine day, an old couple around the age of 70, walks into a lawyer’s office. Apparently, they are there to file a divorce. Lawyer was very puzzled, after having a chat with them, he got their story. This couple ...

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ECONOMY: Nigerian Banks’ Stellar 2019 Loan Performance Eclipsed by Threat of Devaluation…

CWR, Cowry Weekly Financial Market Review Outlook Friday, April 03, 2020

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Ememcious Emem

Ememcious Emem

Emem Usoro is the Head, Strategic Business Group, Lagos, United Bank for Africa (UBA). She has over 20 years of banking experience. She has strong capabilities in Relationship Management, Effective Communication and Business Development with a track record of winning ...

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Covid-19: Why Terminal Operators Didn’t Suspend Demurrage Charges

Covid-19: Why Terminal Operators Didn't Suspend Demurrage Charges

* They ignored the directive for one week before Buhari’s order – APFFLON * We didn’t get approval from STOAN to waive charges – TICT By Kenneth Jukpor Following widespread criticisms that terminal operators in Lagos ports refused to comply ...

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BULLS: A New Lagos

BULLS: A New Lagos

The city of Lagos is renowned for the ambiance of hastiness, rush, speed and anxiety. It is also known for noise, traffic gridlock and crowded streets, markets and malls. Who would have believed two weeks ago that not one of ...

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BEARS: Covid-19 Fashion

Covid-19 Fashion

Wearing hand-gloves and nose masks became the norm in Lagos since the last few weeks as coronavirus as known as Covid-19 hits the State. However, the unfortunate trend is to see people wear nose mask and pull it down on ...

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How Livestock, Fish Farmers Can Survive Lockdown

How Livestock, Fish Farmers Can Survive Lockdown

Considering the lockdown of the country at the early stage, when veterinarian needs and animal feed production, supply and distribution chains may be affected and toll milling services unavailable, fish and livestock farmers, especially the medium to large-scale ones, may ...

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Managing Evacuation Of Covid-19 Infected Foreigners

Managing Evacuation Of Covid-19 Infected Foreigners

Despite ban on flights operations in the country by President Muhammad Buhari to curb the spread of the coronavirus, several nations have breached the lockdown by arranging for evacuation of their citizens from Nigeria. The United States of America (USA) ...

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Refunds For Some Failed Bank Transactions Suspended

Refunds For Some Failed Bank Transactions Suspended

Refunds for failed Visa and Verve card transactions on other banks Automated Teller Machines and Point of Sale terminals have been suspended. Fidelity Bank notified it customers in a mail sent out to them on Thursday. The message read, “Kindly ...

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Small Businesses Worry Over Access To Stimulus Package

Small Businesses Worry Over Access To Stimulus Package

Small business owners have raised concerns over the requirements placed before them by the Central Bank of Nigeria to access the stimulus package announced by the President, Major General Muhammadu Buhari (retd.), for the sector. The President, Association of Small ...

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Mouka Donates 700 Mattresses To LASG

Mouka Donates 700 Mattresses To LASG

Mouka Foam, one of Nigeria’s leading manufacturers of mattresses and bedding products, says it has donated 700 mattresses to the Lagos State Government. This was contained in a statement from the company, indicating that 500 of the mattresses were meant ...

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BoI Records N39.33bn Profit

BoI Records N39.33bn Profit

‌The Bank of Industry (BoI) has said the profit before tax of the group grew by 7.2 percent year-on-year to N39.33bn at the end of 2019 from N36.66bn at the corresponding period of 2018. The increase in profitability was as ...

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New Pump Price: Marketers Seek Loans, DPR Set To Enforce Compliance

New Pump Price: Marketers Seek Loans, DPR Set To Enforce Compliance

The Oil marketers have called for soft loans from the Federal Government to help cushion  the effects of the new pump price following the unexpected impact of the recent reduction in the price of petrol in the country. The new ...

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Cooking Gas Vendors Are Exempted From Lagos Lockdown – Marketers

Cooking Gas Vendors Are Exempted From Lagos Lockdown – Marketers

  Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) says sales of Liquefied Petroleum Gas, also known as cooking gas, is exempted from the lockdown in Lagos. NALPGAM made the confirmation in a statement issued by its Executive Secretary, Bassey ...

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