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Yearly Archives: 2021

ECONOMY: March 2021 Inflation Rate Soars to 18.17% amid Insecurity, Structural Challenges…

ECONOMY: March 2021 Inflation Rate Soars to 18.17% amid Insecurity, Structural Challenges…

CWR, Cowry Weekly Financial Market Review Outlook Friday, April 16, 2021

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Classy Clare

Classy Clare

Clare Omatseye is the Founder and Managing Director of JNC International, a Turnkey Medical Equipment Solutions company that presently has 16 exclusive Distributorship agreements with major Global Medical Equipment Manufacturers. In the span of her 27-year career, Clare has developed ...

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Nkata Ndi Inyom Igbo Visits Odumakin, Chukwuma

Nkata Ndi Inyom Igbo Visits Odumakin, Chukwuma

A delegation of Nkata Ndi Inyom Igbo, Lagos Branch, paid condolence visits to two Nigerian activists, Dr. Joe Okei-Odumakin and Mrs. Josephine Chukwuma widows to late renowned civil society activists, Messrs. Yinka Odumakin and Mr. Innocent C. Chukwuma. Enjoy the ...

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BEARS: EndSARS: Police Excesses Return

BEARS: EndSARS: Police Excesses Return

Despite the protest that saw the end of SARS tyranny, Nigerian police are back on the roads and streets at various hotspot junctions and traffic spots conducting their nefarious act of stopping and searching citizens on the walkways and in their ...

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Hydrogen-Powered Cargo Vessels: Pros And Cons

Hydrogen-Powered Cargo Vessels: Pros And Cons

Amid plans to deploy the world’s first commercial cargo transport vessel powered by hydrogen have been announced by the Flagships European innovation project, experts have described it as a more sustainable technology in inland waterway transport. The vessel, owned by ...

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BULLS: Female Firsts!

MMS Woman of Fortune Hall of Famers (WoFHoF) Initiative joins Nigerians in celebrating Hajiya Aisha Usman who emerged as the first female substantive Chief Judge of Nasarawa State. In the penultimate week, another female first was recorded as Mrs. Funke ...

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Addressing The Menace Of Stowaways At Lagos Ports

Addressing The Menace Of Stowaways At Lagos Ports

By Yusuf Odejobi Seaports are usually regarded as the economic gateway to every nation.  They play crucial roles in economic growth, stability and sustainability as the nation relies on ports for exports and imports. In Nigeria, the Lagos Port Complex ...

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Strike Is Our Last Resort When All Options Have Failed  – MWUN

Strike Is Our Last Resort When All Options Have Failed  - MWUN

By Kenneth Jukpor & Yusuf Odejobi Comrade Adewale Adeyanju is the President-General of Maritime Workers Union of Nigeria (MWUN). On Tuesday last week, Adeyanju had an exclusive chat with MMS Plus newspaper where he spoke about recent strike ultimatums to ...

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How To Keep Your Boat From Sinking

How To Keep Your Boat From Sinking

Tens of thousands of boats of all types and sizes sink every year, most of them at their dock. The exact number is not known because there is no agency that keeps statistics. But just ask any marine insurance company ...

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NSC Targets 90% Ports Automation In 2021 Q2

NSC Targets 90% Ports Automation In 2021 Q2

By Kenneth Jukpor In bid to boost efficiency at the nation’s ports, Nigerian Shippers’ Council (NSC) intends to achieve 90 percent automation across all aspects of port operations before the end of the second quarter of 2021. The Executive Secretary ...

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Q1: Gulf of Guinea Records 43% World’s Piracy – IMB

Q1: Gulf of Guinea Records 43% Of World’s Piracy - IMB

The Gulf of Guinea (GoG) has accounted for nearly half (43%) of all reported piracy incidents in the first three months of 2021, according to the latest figures from the ICC International Maritime Bureau (IMB). IMB’s latest global piracy report ...

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Experts blame insecurity, low production, forex as inflation hits 18.17%

Experts blame insecurity, low production, forex as inflation hits 18.17%

Nigeria’s rate of inflation, which has maintained a continuous increase for more than a year, rose again in March, hitting a high of 18.17 per cent, according to data released on Thursday by the National Bureau of Statistics. A number ...

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SEC, CBN in talks on crypto market regulation

SEC, CBN in talks on crypto market regulation

The Securities and Exchange Commission has said it is in discussion with the Central Bank of Nigeria on how to better understand and regulate the cryptocurrency market in the country. SEC said on Thursday that it would continue to engage ...

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Nigeria’s exact crude oil production volume unknown – NEITI

Nigeria’s exact crude oil production volume unknown – NEITI

The exact volume of crude oil produced in Nigeria, especially at the deep offshore fields, is not known by anyone, the Nigeria Extractive Industries Transparency Initiative said on Thursday. Executive Secretary, NEITI, Orji Ogbonnaya-Orji, disclosed this in Abuja during a ...

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Nine power plants shut, FG apologises for outages

Nine power plants shut, FG apologises for outages

The Federal Government on Thursday said nine power plants were currently shut down, as this was why power outages had persisted recently across the country. Minister of Power, Sale Mamman, said this in series of tweets via his official Twitter ...

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FX scarcity cripples local airlines, spike airfares

FX scarcity cripples local airlines, spike airfares

‘Airlines should interline, codeshare to survive’  The foreign exchange (FX) liquidity crisis is eating deeper into the daily operations of the local airlines, causing airlines’ capacity to dwindle and hitting up airfares. Media yesterday, learned that operators in the aviation ...

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APMT Crisis: MWUN Protests Foreigners As Crane Operators, Chief Accountant, Security

APMT Crisis: MWUN Protests Foreigners As Crane Operators, Chief Accountant, Security

By Kenneth Jukpor Following the expiration of the seven-day ultimatum, Maritime Workers’ Union of Nigeria (MWUN) has grounded activities at the AP Moller Terminal (APMT) in Apapa over breach of Nigerian content law. The union had issued a one-week ultimatum ...

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Nkata Ndi Inyom Igbo Pays Condolence Visit To Odumakin, Chukwuma

Nkata Ndi Inyom Igbo Pays Condolence Visit To Odumakin, Chukwuma

By Kenneth Jukpor A strong delegation of Nkata Ndi Inyom Igbo on Tuesday paid condolence visits to two Nigerian activists, Dr. Joe Okei-Odumakin and Mrs. Josephine Chukwuma widows to late renowned civil society activists, Messrs. Yinka Odumakin who was Afenifere ...

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Pollution: NIMASA To Ensure Availability Of Sulphur Compliant Fuel

Pollution: NIMASA To Ensure Availability Of Sulphur Compliant Fuel

By Kenneth Jukpor In line with the International Maritime Organisation (IMO) limiting the sulphur in the fuel oil used on board, the Nigerian Maritime Administration and Safety Agency (NIMASA) has vowed to ensure availability of marine fuels that comply with ...

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FG fortifies security at Abuja, Lagos, other airports

FG fortifies security at Abuja, Lagos, other airports

 The Federal Government has reinforced the level of security at the Abuja, Lagos, Kano and other selected airports across the country. Officials of the Federal Airports Authority of Nigeria confirmed on Wednesday that the reinforcement was part of measures deployed ...

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