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Cryptocurrency market now worth $2tn -Report

Cryptocurrency market now worth $2tn -Report

The cryptocurrency market has grown exponentially in 2021 and is now worth a staggering $2.0 trillion as it increasingly attracts interest from big names on Wall Street. As digital currency exchange Coinbase prepares to list Tuesday in New York, AFP ...

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Households, businesses can apply for N50bn COVID-19 loans – CBN

Households, businesses can apply for N50bn COVID-19 loans – CBN

The Central Bank of Nigeria has said that households and businesses affected by the COVID-19 can now apply for loans under its N50bn Targeted Credit Facility. It said the stimulus package was to support households and Micro, Small and Medium ...

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DPR revokes 32 refinery licences, says Dangote plant 80% complete

DPR revokes 32 refinery licences, says Dangote plant 80% complete

Thirty-two refinery project licences issued to private investors in the country have become invalid in the past three years, according to the Department of Petroleum Resources. The DPR said on Monday that the number of valid refinery project licences stood ...

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Gas expansion project’ll lift 100 million from poverty – Sylva

Gas expansion project’ll lift 100 million from poverty – Sylva

The Federal Government on Monday said that it would lift no fewer than one hundred million Nigerians out of poverty through the implementation of National Gas Expansion Programme. The Minister of State, Petroleum Resources, Timipre Sylva, who spoke in Owerri, ...

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Edo not desperate to win festival, says Obaseki

Edo not desperate to win festival, says Obaseki

Governor of Edo State, Godwin Obaseki, says the state’s priority was not necessarily to host and win the ongoing National Sports Festival in Benin City, but to project the ideals of the event. Obaseki stated this while speaking with journalists ...

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Defect to APC, lose your seat, Yari tells Matawalle

Defect to APC, lose your seat, Yari tells Matawalle

A former governor of Zamfara State, Alhaji AbulAziz Yari, has told the state governor, Bello Matawalle, to note that he would lose his seat if he leaves the Peoples Democratic Party, going by the Supreme Court’s verdict that brought him ...

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PDP wins Delta House of Assembly by-election

PDP wins Delta House of Assembly by-election

The Independent National Electoral Commission (INEC), yesterday, declared candidate of the Peoples Democratic Party (PDP), Jude Ogbimi, winner of Isoko North Constituency House of Assembly by-election, held on Saturday, April 10, 2021 in Delta State. No fewer than 11 political ...

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Nigeria, 29 others to tackle marine debris

Nigeria, 29 others to tackle marine debris

Countries from across the oceans have teamed up to tackle marine plastic litter under the ambitious GloLitter Partnerships Project. Plastic litter has devastating effects on oceans, marine life and human health. It also has measurable impacts on the fishing and ...

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Fear grips housing market over increase in cement, iron bar prices

Fear grips housing market over increase in cement, iron bar prices

Another increase in prices of cement, iron bar and other building components was made recently, which could become stumbling block for low-cost housing in the country. Media source gathered that the high cost of building materials has affected house affordability ...

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Nigerian stocks fall further, investors lose N30bn

Nigerian stocks fall further, investors lose N30bn

The Nigerian stock market fell further last week as the market value of equities fell by N30bn. The Nigerian Stock Exchange All-Share Index and market capitalisation depreciated by 0.13 per cent to close the week at 38,866.39 and N20.33tn respectively. ...

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CAC sets three-hour circle for company registration

CAC sets three-hour circle for company registration

The Corporate Affairs Commission on Sunday stated that following the successful deployment of an end-to-end registration module, it was now prioritising the reduction of the registration circle for new companies to just three hours before the end of year 2021. ...

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Electricity generation falls to 3,922MW, 11 plants idle

Electricity generation falls to 3,922MW, 11 plants idle

Electricity generation in the country fell below the 4,000 megawatts mark on Sunday as 11 plants were idle, even as several others suffered declines in the output. Total power generation fell to 3,922.2MW as of 6am on Sunday from 4,394MW ...

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Why FG Delays Approvals For Dry Ports

Why FG Delays Approvals For Dry Ports

·  Shippers’ Council develops tariff structure for barge operations ·  NAICOM, port stakeholders to expunge container deposit with Insurance legislation By Kenneth Jukpor Several years after the Federal Government approved seven dry port projects across the nation, only the Inland ...

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BEARS: Gunmen on Rampage

BEARS: Gunmen on Rampage

The Nigerian Police in Imo State recorded attack on 3 police stations and 1 correctional prison center located in Owerri. The stations attacked are the Imo state police headquarters, Ehime Mbano police station and Mbieri police station. Following the attack ...

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BULLS: New NRC Record

BULLS: New NRC Record

History was made as Nigerian Railway Corporation (NRC) commenced the delivery of haulage pipe lines for Ajaokuta-Kaduna-Kano gas project from Warri to Itakpe. The locomotive train moved at 50 km/hr on the newly constructed standard guard line carrying 96 pipes ...

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Nigerian Seaports: Multiple Taxation And Regulations

Nigerian Seaports: Multiple Taxation And Regulations

The aim of every port user is to transact business with ease as well as maximize profits while rendering service. However, the cost of doing business at the Nigerian seaport is relatively high compared to ports in other countries within ...

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Classy Chiamaka

Classy Chiamaka

Chiamaka Ndukwu Theresa co-founded Agrohive to boost rural smallholder farmers’ productivity by giving them access to advanced Agricultural Extension services, access to improved farm inputs, and agricultural technologies. AgroHive has created more manpower in rural agriculture through organizing and assisting ...

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ECONOMY: IMF Revises Nigeria’s 2021 Economic Growth Rate Upward to 2.5% from 1.5%…

ECONOMY: IMF Revises Nigeria’s 2021 Economic Growth Rate Upward to 2.5% from 1.5%…

CWR, Cowry Weekly Financial Market Review Outlook Friday, April 9, 2021

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E-Customs And Concession Brouhaha

E-Customs And Concession Brouhaha

By Kenneth Jukpor & Yusuf Odejobi Six months after the Federal Executive Council (FEC) approved the sum of $3.1 billion for Customs Modernization under Public-Private Partnership (PPP) concession to Messers E. Customs HC Project Limited, port stakeholders remain oblivious of the ...

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How To Solve Nigeria’s Empty Container Conundrum – Osonwa

How To Solve Nigeria's Empty Container Conundrum - Osonwa

By Kenneth Jukpor Barr. Emmanuel Chekwube Osonwa is the Legal Adviser, Clarion Shipping (WA) Ltd. Ahead of a novel barge operation to convey empty containers from Lagos to Cotonou, the veteran maritime lawyer sat with MMS Plus correspondent for this ...

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