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Nigerians Register 265 Vessels Abroad As FG’s Policies Scare Investors

Nigerians Register 265 Vessels Abroad As FG’s Policies Scare Investors

·   Vision 2020 didn’t have a place for maritime transport – Usoro ·   Crude Affreightment: NNPC new clause prioritizes indigenous shipping companies By Kenneth Jukpor, Ayoola Olaitan & Yusuf Odejobi Despite the dearth of Nigerian flagged ships to grow various ...

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Lulicious Oluchi

Lulicious Oluchi

Oluchi Okafor is the Managing Director of Multimix Academy. She was appointed Managing Director on January 1st, 2021. Oluchi has a Bsc. in Mass Communication from the prestigious Covenant University, Ota, Nigeria and a Masters in Business Administration (Supply Chain) ...

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Aircraft Leasing: Managing Forex Challenges In Nigeria 

Aircraft Leasing: Managing Forex Challenges In Nigeria 

Aviation industry operators have stressed that one of the major factors making it difficult to replenish their depleting operating aircraft is the difficulty they face in remitting money to lessors due to forex scarcity. The operators also said that the ...

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BEARS: Lagos Pre-paid Meter

BEARS: Lagos Pre-paid Meter

While most companies are grumbling and collapsing following the tough economic times occasioned by the COVID-19 pandemic,  Elsewedy Electric  plans to commence full operation of the production of pre-paid meters by February ending, 2021. With the Lagos State Government  assured ...

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BEARS: ‘Infamous conduct’

BEARS: 'Infamous conduct'

A former Attorney General of Cross River, Joseph Abang, has been removed from all roll of legal practitioners in the country by the Legal Practitioners Disciplinary Committee (LPDC). The legal body gave the order after findings revealed that the former ...

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ECONOMY: Nigerian Equities Index Gains 50.03% in 2020 despite 41% Drop in Foreign Portfolio Inflows…

ECONOMY: Nigeria Exits Recession by 0.11% Rise in Q4 ‘20 Real GDP; Records 16.47% Inflation in Jan ‘21…

CWR, Cowry Weekly Financial Market Review Outlook Friday, February 5, 2021

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NIWA Has Been Singled Out For Political Patronage – Ezenwa

NIWA Has Been Singled Out For Political Patronage – Ezenwa

By Kenneth Jukpor, Ayoola Olaitan & Yusuf Odejobi  Chief Mrs. Chinwe Ezenwa is the founder of Le Look Nigeria Limited. She is also a former acting Managing Director of National Inland Waterways Authority (NIWA). Ahead of her 70th birthday celebration, she granted ...

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NPA’s ‘Eto’: The Good, The Bad, The Ugly

NPA’s ‘Eto’: The Good, The Bad, The Ugly

By Kenneth Jukpor & Yusuf Odejobi The recent announcement of Nigerian Ports Authority (NPA) to start the long awaited electronic truck call-up system “Eto” as a lasting solution to the truck congestion around Apapa ports and its environs, has brought ...

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9 Fundamental Principles To Prioritize While Investing

9 Fundamental Principles To Prioritize While Investing

Wealth creation is a marathon race, but many practice sprints. While a marathon focuses on the long run, a sprint focuses on the short run. Financial magnets like Warren Buffet and Carlos Slim have reaped the benefits from long term ...

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Tinubu cannot see presidency gate in 2023, says Wike

Tinubu cannot see presidency gate in 2023, says Wike

‘Nigeria under Buhari is a moving corpse’ Rivers State Governor Neysom Wike has urged National leader of ruling All Progressive Congress (APC), Bola Tinubu, to channel his energy to other profitable ventures, stating that presidency would be out of reach ...

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Investors lose N110bn as stock market extends decline

Investors lose N130bn as 30 stocks slump

Investors in the equities market lost N110bn on Thursday as 25 firms saw their share prices drop at the end of trading on the floor of the Nigerian Stock Exchange. The market fell for the fourth straight trading session as ...

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Review export proceeds policy, LCCI tells CBN

Review export proceeds policy, LCCI tells CBN

The Lagos Chamber of Commerce and Industry has said there is a need for the Central Bank of Nigeria to review its policy on the repatriation of export proceeds in order to encourage exports. The chamber also called for the ...

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We’ve curbed corruption in oil sector, says Buhari

We’ve curbed corruption in oil sector, says Buhari

The President, Major General Muhammadu Buhari (retd.), said on Thursday that his regime had achieved success in stemming corruption and sharp practices in the nation’s oil and gas industry. Buhari said when he was elected into office in 2015, the ...

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Lagos govt to phase out yellow buses

Lagos govt to phase out yellow buses

The Lagos State Government says it plans to phase out yellow buses in accordance with its transportation masterplan of the state. Commissioner for Transportation, Dr Frederic Oladeinde, said this in a virtual forum on Thursday, adding that the busses would ...

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INEC to create more polling units, meet stakeholders

INEC to create more polling units, meet stakeholders

The Independent National Electoral Commission would be expanding the access of voters to polling units in subsequent elections. The commission said it would address the inadequacies of polling units in Nigeria and the challenges they pose to election management. INEC ...

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New petrol rule wants forex parity between NNPC, marketers

New petrol rule wants forex parity between NNPC, marketers

• PPPRA to resume issuance of monthly pricing guide • We’ll respond soon, NLC, NUPENG declare • NIMASA, NPA to collect charges in naira, 50% reduction Nigeria Labour Congress (NLC) and the Nigeria Union of Petroleum and Natural Gas Workers ...

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Poor Nigerians’ll increase by 15 million soon – World Bank

Poor Nigerians’ll increase by 15 million soon – World Bank

Nigeria needs to implement key reforms in order to get the economy out of the current doldrums and achieve sustainable inclusive growth, the World Bank and the Chairman of the Presidential Economic Advisory Council, Dr Doyin Salami, have said. They ...

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Man Utd equal record with nine-goal blitz, Arsenal lose at Wolves

Man Utd equal record with nine-goal blitz, Arsenal lose at Wolves

Manchester United equalled the biggest win in Premier League history as they crushed nine-man Southampton 9-0, while Arsenal had two players sent off in their defeat at Wolves on Tuesday. Rampant United scored four times in the first half after ...

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Oil price rises above $57, highest in 12 months

Oil price rises above $57, highest in 12 months

• ExxonMobil posts first annual loss in 40 years The international oil benchmark, Brent crude, rose more than two per cent on Tuesday, hitting a 12-month high after major crude producers showed they were reining in output roughly in line ...

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Yari appealing embezzled N248m forfeiture order, says aide

Yari appealing embezzled N248m forfeiture order, says aide

A former governor of Zamfara State Abdulaziz Yari, has appealed against the judgment of a Federal High Court, sitting in Abuja which ordered him to forfeit N248m to the Federal Government. The Media aide to the former governor, Mayowa Oluwabiyi, ...

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