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CBN warns against rising COVID-19 cyberattacks

CBN warns against rising COVID-19 cyberattacks

The Central Bank of Nigeria has urged bank customers to avoid cybercriminals who are taking advantage of the COVID-19 pandemic to defraud citizens. According to the CBN, the fraudsters steal sensitive information, or gain unauthorised access to computers or mobile ...

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Nigeria to borrow $6.9bn from World Bank, IMF, AfDB

Nigeria to borrow $6.9bn from World Bank, IMF, AfDB

The Federal Government is to raise the sum of $6.9bn through external borrowing from the World Bank, the International Monetary Fund and the African Development Bank. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed this on ...

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COVID-19: Buhari approves withdrawal of $150m from Sovereign Wealth Fund

Buhari stops import duty on medical equipment

The President, Major-General Muhamadu Buhari (retd.), has given approval for the withdrawal of $150m from the Sovereign Wealth Fund for distribution to the three tiers of government. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed this ...

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No buyer has rejected Nigeria’s crude, says NNPC

NNPC increases June selling prices of crude oil

No buyer of Nigerian crude oil has returned or rejected it despite the glut in global crude oil market, the Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, stated on Monday. Kyari explained that although some vessels carrying Nigerian ...

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Petrol subsidy gone forever, says NNPC

FG’ll divert N457bn petrol subsidy to other sectors –NNPC

The era of subsidy on petrol is gone forever, the Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, said on Monday. Kyari, who spoke during a live programme on African Independent Television, stated that with the current fluctuations in ...

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Moses listed in Liverpool’s worst signings

Moses listed in Liverpool’s worst signings

Inter Milan right-back, Victor Moses, has been named among the worst signings made by former Liverpool manager, Brendan Rodgers, during his time at the Anfield. Moses, 29, was signed from rivals Chelsea on a season long loan deal ahead of the ...

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Oil falls to $32 as OPEC+ postpones meeting

Oil falls to $32 as OPEC+ postpones meeting

The international oil benchmark, Brent crude, fell on Monday after Saudi Arabia and Russia postponed a meeting to discuss output cuts that could help to reduce global oversupply as the coronavirus pandemic pummels demand. Brent, against which Nigeria’s crude oil ...

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NAICOM adjusts rules of insurers’ operations

‘Insurance operators not compelled to contribute N10m against COVID-19’

The National Insurance Commission says it has given regulatory forbearance to insurance companies as part of business continuity measures to ensure availability of insurance services and protection of policyholders during the COVID-19 movement restriction. In a circular to the regulated ...

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Electricity: Gas shortage stalls 10,362MW in three days

Electricity: Gas shortage stalls 10,362MW in three days

Gencos seek govt intervention In three days, April 2 to April 4, gas shortage to thermal power plants stalled the generation of 10,362.5 megawatts of electricity. The generation companies explained that gas shortage greatly hindered the production of electricity in ...

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Air Peace delivers FG’s medical supplies from Turkey

Air Peace delivers FG’s medical supplies from Turkey

The Federal Government has taken delivery of medical supplies from Istanbul, Turkey, to fight the coronavirus pandemic. The supplies were delivered by an Air Peace aircraft, a Boeing 777 with registration number, 5N-BWI, which arrived at the Nnamdi Azikiwe International ...

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Index slumps further by 3.51% as pandemic wreaks havoc on global economy

Index slumps further by 3.51% as pandemic wreaks havoc on global economy

As COVID-19 continues to wreak havoc on economic activities across the globe, the Nigerian equities market recorded another bearish outing at the end of last week”s transactions. Specifically, the All-Share index and market capitalisation plummeting by 3.51 per cent to ...

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Diesel, kerosene prices fail to drop despite oil crash

• IPMAN asks for time to finish old stock

The pump prices of diesel and kerosene in Nigeria have yet to reflect the collapse of global crude oil prices despite the deregulation of the products by the Federal Government. Following the sharp drop in oil prices, the pump price ...

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THE EVERLASTING LOVE

ARE THERE MISTAKES IN LOVE?

One fine day, an old couple around the age of 70, walks into a lawyer’s office. Apparently, they are there to file a divorce. Lawyer was very puzzled, after having a chat with them, he got their story. This couple ...

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ECONOMY: Nigerian Banks’ Stellar 2019 Loan Performance Eclipsed by Threat of Devaluation…

ECONOMY: Crude Oil Prices Rise amid Gradual Relaxation of Restrictions, Cut in Global Supply…

CWR, Cowry Weekly Financial Market Review Outlook Friday, April 03, 2020

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Ememcious Emem

Ememcious Emem

Emem Usoro is the Head, Strategic Business Group, Lagos, United Bank for Africa (UBA). She has over 20 years of banking experience. She has strong capabilities in Relationship Management, Effective Communication and Business Development with a track record of winning ...

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Covid-19: Why Terminal Operators Didn’t Suspend Demurrage Charges

Covid-19: Why Terminal Operators Didn't Suspend Demurrage Charges

* They ignored the directive for one week before Buhari’s order – APFFLON * We didn’t get approval from STOAN to waive charges – TICT By Kenneth Jukpor Following widespread criticisms that terminal operators in Lagos ports refused to comply ...

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BULLS: A New Lagos

BULLS: A New Lagos

The city of Lagos is renowned for the ambiance of hastiness, rush, speed and anxiety. It is also known for noise, traffic gridlock and crowded streets, markets and malls. Who would have believed two weeks ago that not one of ...

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BEARS: Covid-19 Fashion

Covid-19 Fashion

Wearing hand-gloves and nose masks became the norm in Lagos since the last few weeks as coronavirus as known as Covid-19 hits the State. However, the unfortunate trend is to see people wear nose mask and pull it down on ...

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How Livestock, Fish Farmers Can Survive Lockdown

How Livestock, Fish Farmers Can Survive Lockdown

Considering the lockdown of the country at the early stage, when veterinarian needs and animal feed production, supply and distribution chains may be affected and toll milling services unavailable, fish and livestock farmers, especially the medium to large-scale ones, may ...

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Managing Evacuation Of Covid-19 Infected Foreigners

Managing Evacuation Of Covid-19 Infected Foreigners

Despite ban on flights operations in the country by President Muhammad Buhari to curb the spread of the coronavirus, several nations have breached the lockdown by arranging for evacuation of their citizens from Nigeria. The United States of America (USA) ...

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