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Daily Archives: June 12, 2020

Cargo evacuation by rail resumes at Lagos port

Cargo evacuation by rail resumes at Lagos port

To rescue trapped cargoes and ensure seamless evacuation of containers, the Nigerian Shippers’ Council (NSC), has resumed rail operations to APM Terminal, in Lagos Port. The Executive Secretary, NSC, Hassan Bello, said the revival of rail evacuation would help decongest ...

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Nigeria, others need $100 billion for affordable broadband Internet

• Continent contributes less than 1% to global digital economy

• Continent contributes less than 1% to global digital economy To manage the possible effect of the pandemic on the economy post-COVID-19, Nigeria and other parts of the Continent will require about $100 billion for universal, affordable and good quality ...

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FAAN eyes flight resumption, compares notes with Minich Airport

FAAN Plans Simulations On Facilitation, Physical Distancing At Airports

The Federal Airports Authority of Nigeria on Thursday held a virtual meeting with Munich International Airport to share experiences regarding the resumption of flight activities in the aftermath of the COVID-19 lockdown on the airports. FAAN, in a statement on ...

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39.4 million may be jobless before year end, says FG

• Envisages N185bn monthly shortfall in federal allocation

• Envisages N185bn monthly shortfall in federal allocation The Federal Government has raised the fear that except something urgent is done, about 39.4 million Nigerians may be jobless by the end of the year as a result of the impact ...

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External reserves grew from $33.42bn to $36bn in May – Buhari

China reversing Nigeria’s infrastructural deficit, says Buhari

The President, Major General Muhammadu Buhari (retd.), has said the country’s external reserves increased from $33.42bn in April to $36bn in May. The retired major general stated this during his 2020 Democracy Day Speech on Friday while noting that this year’s ...

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ECONOMY: Business Activities Shrink in May Amid Lower New Business Orders; Suggests Fall in Q2 GDP…

ECONOMY: Buhari to Boost Local Gas Utilization as Construction of AKK Gas Pipeline Project Commences…

CWR, Cowry Weekly Financial Market Review Outlook Friday, June 5, 2020 (1)

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Nigeria has highest personnel cost in global petroleum industry

Nigeria has highest personnel cost in global petroleum industry

…Why high cost of oil production may persist …IOCs, industry players bemoan insecurity, multiple taxes Stakeholders have raised concerns over the country’s production costs, noting that Nigeria has the highest personnel cost among global operators, thus making it difficult to ...

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Edo’ll deal squarely with imported thugs, sponsors – Obaseki

Obaseki presents disputed certificates as INEC lists 14 for Edo governorship poll

The Edo State Government has warned that it will spare no resources within the ambit of the law to bring to justice any individual or group importing political thugs through riverine communities and other state borders to unleash mayhem on ...

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