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 ...

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 ...

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. ...

• 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, ...

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 ...

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 ...

• 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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

·  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 ...

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 ...

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 ...

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

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 ...