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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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

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 ...

* 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 ...

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 ...

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 ...

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 ...

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) ...