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Daily Archives: May 5, 2020

Bello, Shippers’ Council Commiserate As Muniru Dies At 52

Bello, Shippers’ Council Commiserate As Muniru Dies At 52

A staff of Nigerian Shippers’ Council (NSC), Mr. Yusuf Muniru passed on yesterday morning at his residence. The NSC worker described by the Council’s management as valued and conscientious was alleged to have been preparing for work on Monday, May ...

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Shippers’ Council To Engage Shipping Lines For Demurrage Waivers Extension

NACCIMA, MAN Demand Enforcement Of 30% Reduction In Haulage Cost

By Kenneth Jukpor & Ayoola Olaitan Following the relaxation of the lockdown in Lagos State, Nigerian Shippers’ Council (NSC) intends to engage shipping lines to continue free demurrage for port users as part of efforts to ease business operations amid ...

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NACCIMA, MAN Demand Enforcement Of 30% Reduction In Haulage Cost

NACCIMA, MAN Demand Enforcement Of 30% Reduction In Haulage Cost

By Kenneth Jukpor The Nigerian Association of Chamber of Commerce Industry, Mines and Agriculture (NACCIMA), Manufacturers Association of Nigeria (MAN) and other port users have called for the implementation of the 30 percent reduction in truck haulage cost. The organized ...

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Shippers’ Council Staff Will Resume In Phases – Bello

 Positive Impact  of Shippers’ Council on  Seaport , Maritime , Economy

By Kenneth Jukpor Following the relaxation of the lockdown in Lagos, Ogun and Abuja, Nigerian Shippers’ Council (NSC) has directed members of staff to resume in phases. The Council instructed its Directors, Deputy Directors and Heads of Divisions to report ...

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ECONOMY: FG Switches N850 Foreign Borrowing to Domestic; CBN Resumes FX Sales to SMEs, Others…

ECONOMY: Crude Oil Prices Rise amid Gradual Relaxation of Restrictions, Cut in Global Supply…

CWR, Cowry Weekly Financial Market Review Outlook Thursday, April 30, 2020

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Access Bank denies sacking 75% workers, closing branches

Access Bank denies sacking 75% workers, closing branches

Access Bank Plc on Monday debunked reports that it plans to sack 75 per cent of its workforce and as well close more than 300 branches. The bank in a statement signed by the Company Secretary, Mr Sunday Ekwochi, obtained ...

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NLNG plans construction contract for $10bn Train 7 project

PETAN restates need for local content, lauds NLNG’s Train 7 stakeholders

The Nigerian LNG Limited has said it is making significant progress in activities that will lead to the formal award of engineering, procurement and construction contracts for its Train 7 project. The NLNG announced in September 2019 that it had ...

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Naira gains, exchanges 430/$ as forex sale resumes

Naira gains, exchanges 430/$ as forex sale resumes

The naira sold for N430 to a dollar on Monday, gaining some strength over previous week’s sales figures, following the resumption of forex sales by the Central Bank of Nigeria on April 29, 2020. After four weeks of forex sales ...

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‘How majors’ stake in gas, lower margins hedged against price volatility’

‘How majors’ stake in gas, lower margins hedged against price volatility’

As the world groans under the impact of the coronavirus, oil majors with portfolio investments in gas in Nigeria, and many other developed climes, may have helped to provide strong resilience to the current oil price volatility. Already, the need ...

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Nigerians’ll pay higher electricity tariffs, FG promises IMF

Nigerians’ll pay higher electricity tariffs, FG promises IMF

Nigerians will pay much higher tariff for power in 2021, going by promises made by the Federal Government to the International Monetary Fund while seeking the $3.4bn emergency financial assistance recently approved for Nigeria. The Executive Board of the IMF ...

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With powerful backers, controversial vaccine bill defies resistance

With powerful backers, controversial vaccine bill defies resistance

Contrary to insinuations in some quarters, the decision to set the legislative term plate for the administration of COVID-19 preventive vaccine predated the death of President Muhammadu Buhari’s former Chief of Staff (CoS), Mallam Abba Kyari. Some commentators had claimed ...

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Explain role in alleged N33bn NEMA fraud, PDP tells Osinbajo

Explain role in alleged N33bn NEMA fraud, PDP tells Osinbajo

The Peoples Democratic Party has asked Vice President Yemi Osinbajo, to come clean on the N5.8bn National Emergency Management Agency scandal for which he allegedly has questions to answer. The PDP also demanded that the Presidency under the leadership of ...

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When Gbajabiamila amplified COVID-19 vaccine test fears with hurried bill

When Gbajabiamila amplified COVID-19 vaccine test fears with hurried bill

When last week House of Representatives Speaker Femi Gbajabiamila rushed his colleagues through the first and second reading of a bill seeking to compulsorily vaccinate Nigerians, many had feared that the conspiracy theories making the rounds might have come home ...

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