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Yearly Archives: 2019

FG to Extend Border Closure Beyond 28 Days

FG to Extend Border Closure Beyond 28 Days

The National Security Adviser (NSA), Major General Babagana Monguno (rtd), has said that the federal government has decided to extend the partial closure of the country’s borders beyond the 28 days earlier slated. According to Channels Television, Monguno disclosed that ...

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NNPC Agrees to $2.5bn Financing with Chinese Lender for Pipeline Project

NNPC Agrees to $2.5bn Financing with Chinese Lender for Pipeline Project

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has disclosed that the corporation has agreed to a $2.5 billion financing with a Chinese lender for pipeline project in Nigeria. Kyari also said that the ...

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Oil Prices Surge by 20% on Drone Strike on Saudi Arabia

Oil Prices Surge by 20% on Drone Strike on Saudi Arabia

Brent rises to six-month high of $71 Crude oil prices have surged more than 19 per cent after a drone strike on a Saudi Arabian oil facility wiped out about five per cent of global supplies. Brent prices, according to ...

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Indices rebound by improved H1 bank earnings, materials sub-sector

Indices rebound by improved H1 bank earnings, materials sub-sector

Improved half-year (H1) earnings reports presented by some banks and companies in the building materials sub-sector lifted market indices last week. Specifically, at the end of last week’s transactions on the trading floor of the Nigerian Stock Exchange (NSE), the ...

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Border Closure: “We’ve Seized 2 Trillion Bags Of Poisonous Rice At Seme” – Customs

Border Closure: “We’ve Seized 2 Trillion Bags Of Poisonous Rice At Seme” - Customs

· 100 illegal migrants arrested, as Customs send more expired rice to IDPs · FG pledges 35% reduction in shipping lines charges by next month Nigeria Customs Service (NCS) has said that it had prevented over two trillion bags of toxic rice ...

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Why Aviation Fuel Scarcity Persists In Nigeria

Why Aviation Fuel Scarcity Persists In Nigeria

By Okuneye Moyosola The recent ordeal of Nigerian pilgrims from Saudi Arabia whose travel arrangements were disrupted due to scarcity of aviation fuel (Jet A1) in the domestic market brings to the unending dilemma of aviation fuel scarcity. Is this ...

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Entrepreneurship: Growing Micro Businesses With Credit Administration – DBN

Entrepreneurship: Growing Micro Businesses With Credit Administration – DBN

By Okuneye Moyosola Maryesther Ezeadi is the Business Development and Relationship Manager at Development Bank of Nigeria (DBN). During the 3rd edition of the Women in Leadership and Career Empowerment Programme (WILCEP) Africa Mentorship programme, she presented a paper title;“Entrepreneurship: ...

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Managing Inter-Agency Rift At Nigerian Ports

Managing Inter-Agency Rift At Nigerian Ports

The Managing Director of Nigerian Ports Authority (NPA) and the Executive Secretary of Nigerian Shippers’ Council (NSC) Mr. Hassan Bello were sat next to each other at the 3rd Maritime Stakeholders Forum last week, when the NSC boss stood up ...

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BULLS: Gbemi’s Home Coming

BULLS: Gbemi's Home Coming

The Minister of State for Transportation, Hon Gbemisola Saraki enjoyed a glamorous homecoming in the maritime sector as industry amazons stole a moment to celebrate her, during the 3rd Maritime Stakeholders Conference, last week. It was a formal event to ...

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Hansalacious Hansatu

Hansalacious Hansatu

Hansatu Adegbite is guided by her personal mission statement which is to positively inspire, impact and invest in lives. She currently serves as the Executive Director of Women in Management, Business and Public Service (WIMBIZ) in Lagos. She has a ...

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Nigerian Seafarers To Get Training Opportunities With ITF Seafarers Fund

Nigerian Seafarers To Get Training Opportunities With ITF Seafarers Fund

By Kenneth Jukpor As part of efforts to address Nigeria’s shipping woes in seafarers’ development, the International Transport Workers’ Federation (ITF) has expressed interest in training Nigerian seafarers with its ITF Seafarers Fund. ITF African Regional Secretary, Mr. Mohammed Dauda ...

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Nigerian Ports Handled 32million MT Excess In 2018

Nigerian Ports Handled 32million MT Excess In 2018

Nigerian Ports Authority (NPA) has decried that the nation’s ports are being stretched to accommodate 32 million additional metric tonnes of cargo, beyond the capacity of the ports. The Managing Director of Nigerian Ports Authority (NPA) Ms. Hadiza Bala-Usman revealed ...

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How Transportants Can Develop Blueprint To Transform Nigeria – Babatunde

How Transportants Can Develop Blueprint To Transform Nigeria – Babatunde

By Kenneth Jukpor Dr. Samuel Babatunde is the Registrar of Ports and Terminal Management Academy of Nigeria (POTEMAN). In this exclusive interview with MMS Plus, he highlights the dynamics of human capacity building in port and terminal management. He also ...

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Border Closure Reduced Petrol Smuggling- NNPC

NNPC Agrees to $2.5bn Financing with Chinese Lender for Pipeline Project

The recent closure of Nigeria’s borders has significantly led to a reduction in the smuggling of Premium Motor Spirit, popularly known as petrol, out of Nigeria, the Nigerian National Petroleum Corporation has said. There were reports in July reported that ...

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FG To Deliver 4 Key Oil & Gas Projects By Q4 2019 – Sylva

FG To Deliver 4 Key Oil & Gas Projects By Q4 2019 – Sylva

The Federal Government has revealed plans to deliver Final Investment Decisions (FIDs) on at least four key projects within the nation’s oil and gas industry by the end of last quarter this year. Minister of State for Petroleum Resources, Chief ...

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Eland Completes Drilling Phase Of Gbetiokun 4 Development Well

Eland Oil & Gas has announced that through its joint-venture subsidiary, Elcrest Exploration and Production Nigeria, it has completed drilling phase of the Gbetiokun-4 development well. The OES Teamwork rig has successfully completed drilling operations on the Gbetiokun-4 well; the ...

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NLNG Awards Contract For Construction Of Train 7 At Bonny Plant

NLNG Awards Contract For Construction Of Train 7 At Bonny Plant

Nigeria LNG, owners of the six train Bonny LNG plant located in Nigeria’s Niger Delta has disclosed that  it signed a letter of intent for the engineering, procurement and construction, or EPC, contract with SCD JV Consortium, to build a ...

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Modular Refineries Can’t Provide All Nigeria’s Petrol Needs – FG

Modular Refineries Can’t Provide All Nigeria’s Petrol Needs – FG

The federal government has said it does not believe that modular refineries are the main solutions to Nigeria’s inability to refine petroleum products locally, however, it said they would at best add to the solutions. The government in this regard ...

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Science Minister Urges Industrialists On Quality Products For Export

Science Minister Urges Industrialists On Quality Products For Export

The Minister of Science and Technology, Dr. Ogbonnaya Onu, has said the only way Nigerian industrialists can compete with their counterparts in the sub-Saharan Africa and the global level is for them to ensure they produce quality and standard products. ...

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OPS Responsible For Rising Pension Fund – PenCom

OPS Responsible For Rising Pension Fund - PenCom

The Acting Director-General of the National Pension Commission, Aisha Dahir-Umar, says the total pension assets in Nigeria rose from N7.44tn in January to over N9tn as of March. Dahir-Umar attributed the boost in the pension assets to the support of ...

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