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SIFAX Solicits FG Support Via Dredging For New Container Terminal

SIFAX Solicits FG Support Via Dredging For New Container Terminal

By Kenneth Jukpor In a bid to ensure its new Container Terminal on Ijora Causeway, Ijora, Lagos, realizes the lofty goals of facilitating exports and reduce the traffic congestion on Lagos port access roads, SIFAX Group has pleaded with the ...

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EndSARS Protest: Shippers’ Council Requests Waivers For Disruptions

EndSARS Protest: Shippers’ Council Requests Waivers For Disruptions

In a bid to curb fiscal losses to Nigerian shippers and their freight forwarders, Nigerian Shippers’ Council (NSC) is working with shipping companies to provide waivers on demurrages and storage charges. NSC revealed this via a press release signed by ...

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APFFLON Warns Shipping Companies, Terminals Against Arbitrary Charges

APFFLON Warns Shipping Companies, Terminals Against Arbitrary Charges

By Kenneth Jukpor As business activities resume fully today across Lagos State, the Africa Association of Professional Freight Forwarders and Logistics (APFFLON) has admonished shipping companies and terminals not to demand charges for the past week. Recall that business activities ...

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How Post-Protests Recovery Plans Will Affect 2021 Budgets

*Supply chain loses N1.2trillion  in 3 days to protests Nigeria may have lost an estimated N1.2trillion in economic value in three days to the  violent #EndSARS protests across the country last week, following the massive disruption in the supply chain ...

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BULLS: The Old Are Afraid

BULLS: The Old Are Afraid

The nationwide youths protests against police  brutality and its subsequent eloquence against bad governance deserves a Bull. Its content, strategy and delivery were top-notch yet more mesmerizing is the digital coordination which speaks volumes of what this digital –age “lazy” ...

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BEARS: Why  These Human Landmines?

BEARS: Why  These Human Landmines?

It is still incomprehensible that the fire incident that engulfed properties and a wing of the Nigerian Ports Authority (NPA) building has not attracted any form of official statement from the corporate strategy and communications department four days after the ...

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Emerging Insurance Boom In Shipping Sector:How Insurance Agents and Brokers Make Money

Emerging Insurance Boom In Shipping Sector:How Insurance Agents and Brokers Make Money

Insurance policy subscription is not known to be very popular in Nigeria as obtainable in advanced economies due to many factors, especially that of business integrity. Many businesses buy insurance products to meet certain conditions in the line of transactions ...

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NPA: Riding On A New Revenue Wave

NPA: Riding On A New Revenue Wave

The Nigerian Ports Authority (NPA) recently announced that it generated a revenue of N1.02 trillion in the space of three years under the tenure of its current managing director, Hadiza Bala-Usman. A breakdown of the revenue showed that in 2016, ...

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Nigeria’s Rail Economy: Avoiding Our Mistakes With The RITES

Nigeria’s Rail Economy: Avoiding Our Mistakes With The RITES

By Okey Mark Recently, President Muhammadu Buhari finally inaugurated the 326 kilometre-Itakpe-jaokuta-Warri rail line for commercial operation, 30 years after the project was conceived. The development came with huge economic relief to host residents as rail transportation system had in ...

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Nigeria’s wheat production output suffers setback

Nigeria’s wheat production output suffers setback

The ability of farmers to meet the expected output of wheat produced locally has suffered a setback due to inadequate seeds, All Farmers Association of Nigeria has said. The President, AFAN, Kabir Ibrahim, said efforts of the government through the ...

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Set aside risk funds, NNPC tells national oil firms

Set aside risk funds, NNPC tells national oil firms

National oil companies should set aside risk funds to minimise the impacts of unforeseen events, the Nigerian National Petroleum Corporation has said. NNPC’s Group Executive Director, Umar Ajiya, said this during a dialogue on responses by governments and the oil ...

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Olamscious Olamide

Olamscious Olamide

Olamide Ayeni-Babajide is a computer engineer and founder of Pearl Recycling, an initiative focused on producing useful items from waste, such as tyres and plastic, in a process called upcycling. According to Olamide, her idea and passion came during a ...

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ECONOMY: Sept. Inflation Rises to 13.71% as World Bank, IMF Plan Debt Reduction for Nigeria, Others…

ECONOMY: Sept. Inflation Rises to 13.71% as World Bank, IMF Plan Debt Reduction for Nigeria, Others…

CWR, Cowry Weekly Financial Market Review Outlook Friday, October 16, 2020

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PDP seeks national security emergency

PDP seeks national security emergency

The National Chairman of the Peoples Democratic Party, Uche Secondus has expressed the party’s disappointment with the response of the President, Major General Muhammadu Buhari (retd.), regime’s response to the #Endsars protests which has turned violent over the last few days. Secondus ...

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‘#ENDSARS protests: The remedy for national malaise is more, not less, democracy’

‘#ENDSARS protests: The remedy for national malaise is more, not less, democracy’

For the past twelve days, our country has witnessed massive protests by youths in different cities, which were ignited by widespread disenchantment with the gross human rights abuses including torture, extortion, harassment, intimidation, and even extra-judicial killings of Nigerians by ...

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FG moves against illegal cross-border gold trade

FG moves against illegal cross-border gold trade

The Federal Government is to partner with West African nations in ending illegal trans-border trade on solid minerals, especially gold, with a view to deriving maximum economic benefit for Nigeria. Minister of State for Mines and Steel Development, Uchechukwu Ogah, ...

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Protests: IMF may review Nigeria’s growth projection

Protests: IMF may review Nigeria’s growth projection

The International Monetary Fund has said it may review Nigeria’s growth projection if the ongoing protests in the country persist, in view of the impact of the economy. Director, African Department, International Monetary Fund, Abebe Selassie, said this while responding ...

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Total pension assets rise to N11.35tn

Total pension assets rise to N11.35tn

Despite the effect of the COVID-19 pandemic on the economy, the total assets under the Contributory Pension Scheme rose to N11.35tn as of the end of August, the latest figures from the National Pension Commission revealed on Wednesday. According to ...

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Nigeria’s duty-free export to US shrinks to $300.48m

Nigeria’s duty-free export to US shrinks to $300.48m

According to the latest African Growth and Opportunity Act policy trade statistics, exports to the US under the duty-free policy fell by 88 per cent from $2,502.86m in the first eight months of 2019 to $300.48m in the corresponding period ...

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Customs generate N2.71bn from Kwara in three months

Customs generate N2.71bn from Kwara in three months

The Nigeria Customs Service on Wednesday said it generated N2.71bn in its Kwara Area Command in the third quarter of the year which ended in September. According to the third quarter report released by the Comptroller of the command, Hussein ...

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