For Nigeria to play active role among the comity of maritime nations, there is need for it for to develop its local capacity in seafaring and put mercenaries in place to ensure that its vessels fly Nigerian flag and accepted ...

The evaluation committee constituted to assess the performance of Nigerian Maritime Administration and Safety Agency (NIMASA) in the last one year has submitted its reports and findings to the Executive Management of the agency at its headquarters in Lagos. The ...

The President, Major General Muhammadu Buhari (retd.), is to receive the recommendations of the Nigerian Economic Summit Group on how to revamp the economy soon, the Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Tuesday. She said ...

The landing cost of Premium Motor Spirit (petrol) imported into Nigeria has jumped to N216.31 per litre on the back of the recent increase in global oil prices and the depreciation of the naira against the dollar. The Petroleum Products ...

The country’s external reserves returned to a growth path as it gained $409m in two weeks, latest figures from the Central Bank of Nigeria disclosed on Monday. According to the CBN’s figures on movement of reserves, the figure which stood ...

FIFA president Gianni Infantino is expected to deliver his verdict on the European Super League on Tuesday after the widely condemned breakaway competition triggered threats of legal action and punitive measures. European body UEFA will look to support from the ...

With the Federal Government leaving the pump price of Premium Motor Spirit (petrol) unchanged in the first five months of this year despite the increase in global oil prices, subsidy on the product is estimated to gulp N500bn in the ...

The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Monday admitted that Nigeria’s economy was facing a difficult time, saying states must improve their internally generated revenues. Ahmed, who stated this in an interview on a daily breakfast ...

Edo State Governor, Godwin Obaseki, has urged Federal and State Governments to explore non-oil revenue streams, adding that reliance on crude oil income is unsustainable for the country’s economy. While speaking with journalists on Monday, the governor called for the ...

Shares in Juventus and Manchester United jumped on Monday after the clubs announced a breakaway European Super League with another 10 of football’s most powerful teams. The Italian club’s shares closed nearly 18 percent higher at 0.91 euros on the ...

Officials of the Nigerian National Petroleum Corporation are currently meeting with oil marketers over issues bordering on the rise in the smuggling of petrol from Nigeria to neighbouring countries. Participants at the meeting, which include members of the Major Oil ...

The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Monday announced that there would be no increase in the ex-depot price of Premium Motor Spirit, popularly called petrol, in May. NNPC has maintained an ex-depot price ...

Britain is looking into the possibility of creating a digital currency that households and businesses could use instead of cash – an initiative the finance minister dubbed “Britcoin”. The use of cash has fallen during the coronavirus pandemic as people ...

Nigeria’s revenue from the exports of crude oil and gas fell to $2.62bn in 2020 from $4.85bn in the previous year as the COVID-19 pandemic triggered a sharp decline in prices and demand for the commodity. Oil and gas account ...

The Federal Government recorded N485.51bn fiscal deficit in January, statistics obtained from the Central Bank of Nigeria have shown. According to the monthly economic report for January released by the CBN on Friday, the low revenue performance in January was ...

A former  Deputy Governor of the Central Bank of Nigeria, Dr Obadiah Mailafia, and a professor of Political Economy, Pat Utomi,  have faulted the CBN Governor, Godwin Emefiele’s justification of printing money to support government. Mailafia and Utomi, in separate ...

Jose Mourinho has been sacked as Tottenham coach after 17 months in charge of the London club. According to reports, Ryan Mason and Chris Powell will be in temporary charge until a new permanent manager is appointed. It was gathered ...

·  Nigerian shippers lost N16bn container deposit in 2018 ·  NAICOM sets June deadline to float insurance substitute By Kenneth Jukpor As the National Inland Waterways Authority (NIWA) concludes plans to commence barge operations from Lagos ports to Onitsha after ...

CWR, Cowry Weekly Financial Market Review Outlook Friday, April 16, 2021

Clare Omatseye is the Founder and Managing Director of JNC International, a Turnkey Medical Equipment Solutions company that presently has 16 exclusive Distributorship agreements with major Global Medical Equipment Manufacturers. In the span of her 27-year career, Clare has developed ...