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Naira may depreciate to 475 against dollar, says Rewane

Forex demand pressure worries CBN MPC members

The naira will weaken in the parallel market as oil prices stay at $40-$42 per barrel and likely depreciate to 470-475 against the dollar in November and December, the Managing Director/Chief Executive Officer, Mr Bismarck Rewane, has said. Rewane stated ...

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INEC: Yakubu hands over to Mu’azu, national commissioner resigns

INEC: Yakubu hands over to Mu’azu, national commissioner resigns

The Independent National Electoral Commission, on Monday confirmed the resignation of a National Commissioner, Abubakar Nahuche. His resignation was announced a few minutes after the INEC chairman, Prof. Mahmood Yakubu, handed over to Air Vice Marshal Ahmed Mu’azu (retd), to ...

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Nigeria targets $10 billion from Blockchain technology by 2030

Nigeria targets $10 billion from Blockchain technology by 2030

Nigeria is targeting to realize up to $10 billion from the Blockchain technology by 2030, the Director-General, National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, has said. Abdullahi, who disclosed this yesterday in Abuja at the Stakeholder Engagement for ...

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Another protest looms if unemployment persists, says Lawan

Some banks, MDAs colluding to divert funds, alleges Lawan

The President of the Senate, Ahmad Lawan, on Monday warned political office holders and policymakers against paying lip service to youth unemployment. He challenged his colleagues in positions of authorities to factor youth employment and empowerment into the 2021 budget ...

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Fuel scarcity looms as oil workers begin strike over IPPIS

Fuel scarcity looms as oil workers begin strike over IPPIS

There are palpable fears of fuel scarcity as members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the National Union of Petroleum and Natural Gas Workers (NUPENG) have down tools over breach of agreement on ...

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ECONOMY: World Bank’s Projection of Slower Diaspora Remittance to Nigeria, Negative for Exchange Rate…

ECONOMY: Production Level Rise ahead of Festive Period Despite Slowing Demand Triggered by Inflation…

CWR, Cowry Weekly Financial Market Review Outlook Friday, November 6, 2020

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BOI to promote enterprise in Ekiti with N1bn loan

BOI to promote enterprise in Ekiti with N1bn loan

The Bank of Industry has expressed the bank’s readiness to provide credit facilities to the tune of one billion naira to empower entrepreneurs in Ekiti State. BOI Manager (Ondo and Ekiti states), Mr Seyi Ashaolu, said the bank was ready ...

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We owe CBN more than N4tn, says AMCON

We owe CBN more than N4tn, says AMCON

The Asset Management Corporation of Nigeria has said it owes the Central Bank of Nigeria more than N4tn. AMCON was established by the Federal Government in 2010 to buy bad debts from banks and ensure stability in the financial sector. ...

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#EndSARS protest disruption costs economy N1.5tn – FDC

#EndSARS protest disruption costs economy N1.5tn – FDC

The economic cost of the #EndSARS protest disruption is estimated at N1.5tn, approximately 1.03 per cent of the GDP and 11.47 per cent of the 2021 budget, Financial Derivatives Company Limited has said. “This suggests that the economic recovery path could be ...

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Tank fire won’t disrupt fuel supply, says MOMAN

Tank fire won’t disrupt fuel supply, says MOMAN

The Major Oil Marketers Association of Nigeria has said the recent fire outbreak at the depot of one of its members, OVH Marketing Limited, will not cause product supply disruptions. MOMAN said in a statement on Sunday that the fire, ...

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Majestic Mary

Majestic Mary

Mary Uduma is the Managing Director of Jaeno Digital Soltions. She was formerly a Director with the Nigerian Communications Commission and past President of the Nigerian Internet Registration Association. Mary played an active role in the development of the internet ...

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Border Closure: Scores Of Traders, Freight Agents Deceased From Economic Losses

Border Closure: Scores Of Traders, Freight Agents Deceased From Economic Losses

·  Benin Republic introduces charges to re-import stranded goods at borders ·  UN@75: MMS Celebrates UN Generation Amazons This Week By Kenneth Jukpor Scores of Nigerian traders, freight agents and truck owners have reportedly died from unbearable fiscal burdens occasioned ...

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BULLS: Hbd Mrs. Hamman!!!

BULLS: Hbd Mrs. Hamman!!!

The immediate-past President of Women’s International Shipping and Trading Association (WISTA) Nigeria, Mrs. Mary Hamman celebrated her birthday on Tuesday last week. Mary is a charming personality whose dynamism and humility saw her attain laudable feats during her stint as ...

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How African Nations Can Tackle Marine Pollution – Mogo

How African Nations Can Tackle Marine Pollution - Mogo

By Kenneth Jukpor Dr. Felicia Mogo is the Founder of African Marine Environment Sustainability Initiative (AFMESI). She is also a former Director, Marine Environment Management (MEM) at the Nigerian Maritime Administration and Safety Agency (NIMASA). During the 2nd AFMESI symposium which ...

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How To Start A Real Estate Business In Nigeria

How To Start A Real Estate Business In Nigeria

By Ayoola Olaitan Shippers Guide is the learning page of MMS Plus newspaper. Here you learn the 5Ws and most important ‘H’ on various aspects of shipping. This week, we will take you through a detailed process of how to ...

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Battle For WTO Top Job: A Win-Win For Women

Battle For WTO Top Job: A Win-Win For Women

As the selection process for a new Director General of the World Trade Organization (WTO) gradually heading for the official announcement, one thing is certain. No matter who picks the plum job, it’s a win-win situation for the women-folk. For ...

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Managing Pipeline Vandalism In Nigeria

Managing Pipeline Vandalism In Nigeria

As the Nigerian National Petroleum Corporation (NNPC) revealed last week that only 38 percent of the over 5,120 kilometre owned by the state oil company is functioning, ithas become more glaring that the downstream infrastructure challenges in the country have ...

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How To Start A Real Estate Business In Nigeria

By Ayoola Olaitan Shippers Guide is the learning page of MMS Plus newspaper. Here you learn the 5Ws and most important ‘H’ on various aspects of shipping. This week, we will take you through a detailed process of how to ...

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Nigeria, OPEC Peers To Lose $272bn In Oil Revenue

Nigeria, OPEC Peers To Lose $272bn In Oil Revenue

Nigeria and other members of the Organisation of the Petroleum Exporting Countries will see their combined net oil export revenue fall this year to its lowest level since 2002, according to the United States Energy Information Administration. The EIA, in ...

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N11bn Padding Uncovered In FERMA Budget, MD Disowns Hike

N11bn Padding Uncovered In FERMA Budget, MD Disowns Hike

The Managing Director of the Federal Roads Maintenance Agency, Mr Nurudeen Rafindadi disowned the increment of the agency’s budget by N11bn, saying what was proposed for 2021 was different from what is presently before the National Assembly. Rafindadi had appeared ...

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