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Importers oppose planned reintroduction of pre-inspection of cargoes at seaports

Importers oppose planned reintroduction of pre-inspection of cargoes at seaports

The Shippers Association of Lagos State (SALS), has expressed concerns over the planned reintroduction of pre-destination inspection at the nation’s ports. President of the Association, Jonathan Nicol, told media source that such a move would amount to returning Nigerian ports ...

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NPA halts licences renewal for shipping firms over holding bay crisis

NPA halts licences renewal for shipping firms over holding bay crisis

The Nigerian Ports Authority (NPA), has stopped the renewal of licences for shipping firms who fail to provide holding bays for empty containers. Failure of the shipping firms to establish a holding bay where empty containers are to be stacked ...

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Talks on contentious 774,000 jobs for youths collapse

Talks on contentious 774,000 jobs for youths collapse

Senate insists NDE presides over programme, gets 2021-3 MTEF/FSP The talks, between President Muhammadu Buhari and the National Assembly leadership to resolve the contentious engagement of 774,000 young Nigerians nationwide under the current administration’s Special Public Works (SPW), has collapsed. ...

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Calabar, Kaduna, Yola airports open amid traveller apathy

Calabar, Kaduna, Yola airports open amid traveller apathy

• FG to shut airports in default of COVID-19 safety guidelines At least another two airports were yesterday certified ready and opened to commercial flights services after three months of COVID-19 lockdown.The facilities, Margaret Ekpo Airport, Calabar and Yola Airport, ...

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NNPC raises August selling prices of crude oil

NNPC in $1.5bn oil-for-loan deal with traders

The Nigerian National Petroleum Corporation has increased the prices at which two of the country’s major crude oil grades would be sold in August. Most of the country’s September loading programmes emerged on Monday, but traders were still waiting for ...

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Guardiola takes swipe at Arsenal over ‘respect’

Guardiola takes swipe at Arsenal over ‘respect’

Manchester City manager Pep Guardiola took a swipe at Arsenal on Monday by admitting he does not respect them off the pitch. Guardiola’s side were knocked out of the FA Cup at the semi-final stage by Arsenal on Saturday as ...

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Fayose, PDP loyalists hold ‘secret’ oath-taking ahead of congress

Fayose, PDP loyalists hold ‘secret’ oath-taking ahead of congress

• Ex-gov denies any shaddy plan • It’s an affirmation of loyalty, says Olu-Ojo • Tactic meant to coerce people, says PDP youths’ leader There was a cause for concern yesterday in Ekiti State as the political camp of the ...

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Oshiomhole angry Obaseki didn’t allow him become godfather – Edo

Oshiomhole’s attack on Obaseki shows ex-gov is deceitful – PDP

The Special Adviser to the Edo State Governor on Media and Communication Strategy, Mr Crusoe Osagie, has said the ex-national chairman of the All Progressives Congress, Adams Oshiomhole, is disappointed because Governor Godwin Obaseki refused to be used in his ...

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Nigeria’s rating suffers blow from COVID-19, oil shock – Fitch

Nigeria’s rating suffers blow from COVID-19, oil shock – Fitch

Fitch Ratings has said the coronavirus pandemic and the oil price shock have caused a severe impact on credit rating in Nigeria and some other sub-Saharan African countries. It stated this in its report on Monday titled ‘Outlook on Sub-Saharan ...

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AfDB’s N3b lower Anambra irrigation project receives boost

AfDB’s N3b lower Anambra irrigation project receives boost

The Lower Anambra Irrigation project sponsored by the Africa Development Bank (AfDB) under the Agricultural Transformation Agenda support Programme of the Federal Government at Ifite Ogwari, Ayamelum Council Area of the state has received a boost.The project comprises rehabilitation of ...

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Preserving forex reserves, raising local capacity through import substitution

GIS Policy: Managing Loan Defaulters

For decades, successive governments in Nigerian resorted to protective measures, including import restrictions and exchange rate control, to manage its foreign exchange (forex) market, and deal with the problems of import and oil dependency. This import substitution policy is usually ...

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NIMASA seeks synergy with Lagos agency

NIMASA seeks synergy with Lagos agency

The Director-General of the Nigerian Maritime Administration and Safety Agency, Bashir Jamoh, has pledged to go tough against untrained boat skippers who endanger passengers’ lives. He made this vow during a courtesy visit to the agency by the General Manager ...

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Investor confidence plunges by 0.08 per cent amid uncertainty

Investor confidence plunges by 0.08 per cent amid uncertainty

Uncertainties, inconsistent government policies have continued to dampen investors’ confidence in the equity sector of the Nigerian Stock Exchange (NSE), raising questions as to turning around its fortunes. This is just as economic recovery is also threatened by the COVID-19 ...

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Aviation: Experts tie poor ticketing to economic downturn

Aviation: Experts tie poor ticketing to economic downturn

Experts have predicted a gloomy future for Nigeria’s aviation industry following the low passenger traffic that has characterised the sector more than 10 days after domestic flights resumed. The poor passenger traffic dashed the hopes of several operators who recorded ...

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Lockdown, physical distancing almost shut down economy – FG

We’ve identified plans to generate N18tn revenue – FG

The lockdown and physical distancing measures that were implemented to curb the spread of COVID-19 in Nigeria almost led to a complete shutdown of economic activities across the country, the Federal Government said on Sunday. In her opening address in ...

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AMCON Owes “MT Breakthrough” Ship Owner N800m

AMCON Owes “MT Breakthrough” Ship Owner N800m

·  Flouts court judgment, plans illegal sale of ship ·  NIMASA may reabsorb 25 Tompolo vessels By Kenneth Jukpor Following investigation on the circumstances that made an oil tanker ‘MT Breakthrough’ go aground at Takwabay beach in Lagos, the fate ...

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Tobiscious Tobi

Tobiscious Tobi

Oluwatobi Bushoro is a Fintech expert and digital payment professional. She was the former Managing Director of Renmoney. Before her appointment, Oluwatobi served as the Head, Digital Strategy, issuing and service management and electronic banking and digital strategy units at ...

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Business Success And Ethical Standards

Business Success And Ethical Standards

The COVID-19 pandemic brought global socio-economic disruptions with searing consequences but it provided opportunities for good politics and good business. There have been interventions by various governments to mitigate its disruptive effect on the economies of countries. In Nigeria, the ...

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ECONOMY: Banks’ NPL Ratios May Moderate Further as CBN Begins Implementation of GSI…

ECONOMY: FG Plans to Borrow N4.28 Trillion, Spend N12.66 Trillion in 2021; MPC Holds MPR at 12.50%…

CWR, Cowry Weekly Financial Market Review Outlook Friday, July 17, 2020

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BEARS: Goodbye Tolulope

BEARS: Goodbye Tolulope

The nation was hit with the sudden death of the Nigerian Air Force’s first female combat helicopter pilot, Tolulope Arotile, who died in a road accident in Kaduna. She died less than a year after she was decorated as the ...

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