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BEARS: SALS Fail Litmus Test

BEARS: SALS Fail Litmus Test

No member of the Shippers’ Association Lagos State (SALS) passed the integrity test to qualify for the National Shippers Association of Nigeria (NASAN) election in Lagos, last week. In the election organised by Nigerian Shippers’ Council (NSC), one of the ...

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BULLS: Bello Bows Out

BULLS: Bello Bows Out

In a maritime sector perplexed by numerous conflicts, the Executive Secretary of Nigerian Shippers’ Council (NSC), Mr. Hassan Bello has been a man whose discernment and goodwill beggars belief. In biblical parlance, he would be said to have fought a ...

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Searching For A Good Forex Broker In Nigeria

Searching For A Good Forex Broker In Nigeria

Selecting a trustworthy forex broker can be pretty overwhelming, especially if you are only making your first steps in trading and the financial markets. This article considers the key characteristics any trustworthy broker should possess. Read on to find out ...

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ECONOMY: Inflation Rate Falls Further to 17.93% in May 2021 on High Base Year Effect…

ECONOMY: Inflation Rate Falls Further to 17.93% in May 2021 on High Base Year Effect…

CWR, Cowry Weekly Financial Market Review Outlook Friday, June 18, 2021

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Nigeria may earn N462bn from EMT levy in 2021 — World Bank

Nigeria may earn N462bn from EMT levy in 2021 — World Bank

The World Bank has said Nigeria is likely to make N462bn the electronic money transfer levy as a source of stable revenue in 2021. The multilateral institution said this in its ‘Resilience through Reforms’ report. According to the report, the ...

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CBN digital currency’ll deepen financial inclusion, says FDC

CBN digital currency’ll deepen financial inclusion, says FDC

Analysts at Financial Derivatives Company Limited, led by financial expert Bismarck Rewane, have said the planned introduction of a digital currency will deepen financial inclusion in the country. They said most central banks had indicated keen interests in developing their ...

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Lubricants import hits $500m, hikes maintenance cost by 300%

Lubricants import hits $500m, hikes maintenance cost by 300%

• We’re paying for inefficiency, corruption and wastage, says LCCI • Keshinro: Despite importation, scarcity, price hike remain till year-end Lack of refining capacity in Nigeria for basic fuels and other petroleum products has left the nation dependent on the importation ...

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Down Pour Of Emotions As Hassan Bello Bows Out In Honour

Down Pour Of Emotions As Hassan Bello Bows Out In Honour

 *His performance may earn him NTC chair -Amaechi *Agencies need stakeholders to succeed -Bello  If it were possible, the maritime industry stakeholders would have extended the tenure of Mr. Hassan Bello as the Executive Secretary/Chief  Executive Officer(CEO) of the Nigerian Shippers’ ...

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NIMASA Demands Termination Of War Risk Premiums On Nigerian Cargoes

NIMASA Demands Termination Of War Risk Premiums On Nigerian Cargoes

Following the reduction in piracy incidences on Nigerian waters and the entire Gulf of Guinea since February when the Nigeria Maritime Administration and Safety Agency (NIMASA) deployed the Integrated National Security and Waterways Protection Infrastructure popularly known as the Deep ...

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Nigeria’s Dilemma Over Grazing Laws

Nigeria’s Dilemma Over Grazing Laws

President Muhammadu Buhari, GCFR, has often referred to the gazette which published the grazing laws in Nigeria. In his television interview to mark his 6th anniversary in power, he made reference to the so-called gazette.  The President was echoing what his Chief of ...

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Chinwenstic Chinwe

Chinwenstic Chinwe

Chinwe Esimai oversees Citi’s Global Anti-Bribery and Corruption (AB&C) Program and is responsible for global AB&C governance, policy maintenance and communication, risk assessment, advisory-related activities, training, and due diligence on third parties. She was previously VP and Anti-Bribery Compliance Officer ...

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How Microfinance Banking Alleviates Poverty, Fosters National Development

How Microfinance Banking Alleviates Poverty, Fosters National Development

A development economist and professor of public policy, Jonathan Morduch, once said: “Microfinance stands as one of the most promising and cost effective tools in the fight against global poverty.”That statement is true, judging by what some developing economies have ...

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AfCFTA: Experts Dissect Nigeria’s Prospects As Preparation Reach 81%

AfCFTA: Experts Dissect Nigeria’s Prospects As Customs Reach 81% Preparedness

By Kenneth Jukpor Despite the COVID-19 pandemic leaving effects Africa’s economy in rumbles like other continents of the world, the pandemic hasn’t dented the continent’s anticipated historic milestone, the African Continental Free Trade Area (AfCFTA) which has taken effect to ...

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Customs CG Lauds Apapa Controller For Drug Seizure

Customs CG Lauds Apapa Controller For Drug Seizure

The Comptroller-General of the Nigeria Customs Service (NCS) Col. Hameed Ibrahim Ali (Rtd), has commended the Controller of the Apapa Area Command, Comptroller Mallanta Ibrahim Yussuf on the seizure of container No. GESU 6642430 (1×40 FT) containing 1,427 cartons of ...

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Why Security Threats At Eastern Ports Are Politicized, Exaggerated  – Ohaegbuchi

Why Security Threats At Eastern Ports Is Politicized, Exaggerated  - Oyebuchi

By Kenneth Jukpor Mr. Uche Ohaegbuchi is the Chairman, Calabar Seaport chapter of the Association of Nigerian Licensed Custom Agents (ANLCA). He is also a fellow of Nigeria Institute of Shipping (NIS) and a fellow of Chartered Institute of Transport ...

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An Era Ends In Maritime Industry As Hassan Bello Ships Out

An Era Ends In Maritime Industry As Hassan Bello Ships Out

It was  a convergence of everybody that is anybody in the maritime and allied industries on Friday as the Executive Secretary/Chief Executive Officer(CEO) of Nigerian Shippers’ Council(NSC) retired from service having served out his second term of office in honour, integrity ...

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FG borrowed N1.3tn in four years to subsidise power consumers, firms – World Bank

FG borrowed N1.3tn in four years to subsidise power consumers, firms – World Bank

The Federal Government has borrowed a total of N1.3tn since 2017 to ensure that generation companies and gas suppliers received enough payments to continue generating electricity, the World Bank has said. The bank said this in its ‘Resilience through Reforms’ ...

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Egbin Power plans additional 1,750MW

Egbin, Shiroro power plants’ output hit record high

Egbin Power Plc has unveiled plan to add 1,750 megawatts to Nigeria’s power generation, just as the company has partnered with the Nigerian National Petroleum Corporation to deepen gas supply. The chairman of the company, Temitope Sonubi, unveiled this when ...

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Travellers to access $4,000 as CBN boosts forex supplies

Travellers to access $4,000 as CBN boosts forex supplies

Nigerians travelling abroad can access a maximum amount of $4,000 foreign exchange from the banks following the Central Bank of Nigeria’s announcement to increase forex supplies. Sources from some of the banks said those travelling on business trips could also ...

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External reserves drop by $1.4bn in two months

External reserves drop by $1.4bn in two months

The country’s external reserves fell by $1.4bn in two months, the latest data from the Central Bank of Nigeria showed on Wednesday. The reserves, which stood at $35.25bn as of April 16, fell to $34.23bn as of May 31 and ...

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