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How to integrate Nigeria into global map in shipping, seafaring, by NSML

How to integrate Nigeria into global map in shipping, seafaring, by NSML

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 ...

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Committee submits report on NIMASA’s one-year scorecard

Committee submits report on NIMASA’s one-year scorecard

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 ...

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NESG submits economy revival report to Buhari soon – Minister

NESG submits economy revival report to Buhari soon – Minister

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 ...

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Petrol landing cost hits N216, daily subsidy now N4.64bn

Petrol landing cost hits N216, daily subsidy now N4.64bn

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 ...

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Higher oil prices push up external reserves by $409m

Oil hits six-week high $68.47 as dollar weakens

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 ...

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FIFA president Infantino to give verdict on Super League

FIFA president Infantino to give verdict on Super League

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 ...

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Fuel subsidy rises to N500bn, NNPC rules out price hike

Fuel subsidy rises to N500bn, NNPC rules out price hike

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 ...

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FG admits revenues crashing, says Nigeria faces hard times

FG admits revenues crashing, says Nigeria faces hard times

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 ...

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Reliance on oil income unsustainable, Obaseki tells FG, states

Reliance on oil income unsustainable, Obaseki tells FG, states

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 ...

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Juventus, Man United shares jump on Super League plans

Juventus, Man United shares jump on Super League plans

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 ...

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NNPC, marketers meet over petrol smuggling, others

N15.71bn petroleum products lost to vandalism in 2020 – NNPC

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 ...

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No petrol price increase in May, says NNPC

No petrol price increase in May, says NNPC

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 ...

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UK considers new digital currency, Britcoin

UK considers new digital currency, Britcoin

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 ...

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Oil, gas export revenue fell by $2.23bn in 2020 – NNPC

Oil, gas export revenue fell by $2.23bn in 2020 – NNPC

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 ...

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FG recorded N485.51bn fiscal deficit in January – CBN

FG recorded N485.51bn fiscal deficit in January – CBN

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 ...

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Experts fault CBN gov, NESG says N60bn printing not sustainabl

External reserves lost $350m in two weeks, says CBN

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 ...

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BREAKING: Tottenham sack Jose Mourinho

BREAKING: Tottenham sack Jose Mourinho

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 ...

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Lagos-Onitsha Barge Operations: Shippers’ Council, Barge Operators, Experts Itemize Threats

Lagos-Onitsha Barge Operations: Shippers’ Council, Barge Operators, Experts Itemize Threats

·  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 ...

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ECONOMY: March 2021 Inflation Rate Soars to 18.17% amid Insecurity, Structural Challenges…

ECONOMY: FG Considers Reduction of Costs, Merge MDAs amid Shortfall in Revenue…

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

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Classy Clare

Classy Clare

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 ...

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