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Monthly Archives: January 2019

NPA cleans up oil spill from Onne Port water channel

NPA cleans up oil spill from Onne Port water channel

For smooth and safe navigation, the Nigerian Ports Authority (NPA), has commenced the cleanup of oil spills on the Onne Port Channel linking the Federal Oceans Terminal (FOT) Onne, River State.The Port Manager, Onne, Alhassan Ismaila Abubakar, who disclosed this ...

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Stable forex rate aided price stability of consumer goods, says MAN

Stable forex rate aided price stability of consumer goods, says MAN

The Manufacturers Association of Nigeria (MAN), has said the ability of the Central Bank of Nigeria (CBN), to sustain intervention in the real sector as well as maintain a stable foreign exchange (forex) rate has positively impacted the prices of ...

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Shell profit soars to $23 bn in 2018

Shell invites bid for new FPSO in Bonga

Energy giant Royal Dutch Shell on Thursday said its net profit surged 80 percent to $23.4 billion in 2018, thanks to higher oil prices and cost cuts. Profit after tax had come in at almost $13 billion in 2017, the ...

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2019: FG Expects Maritime Sector To Contribute 10% GDP

2019: FG Expects Maritime Sector To Contribute 10% GDP

As NIMASA launches 2019/2020 maritime forecast As part of efforts to correct the abysmal representation of the nation’s maritime sector in the past, the Federal Government has projected a 10% growth in the Nigerian maritime industry in 2019. This was ...

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APPO to make oil beneficial to Africans, says minister Ibe Kachikwu

APPO to make oil beneficial to Africans, says minister Ibe Kachikwu

•As group inaugurates board in Abuja Nigeria’s Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, Tuesday, in Abuja, said the African Petroleum Producers Organisation (APPO), will ensure that Africans benefitted from the continent’s hydrocarbon resources. Speaking at the inauguration ...

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‘Fuel subsidy fund would find better use in developing infrastructure’

‘Fuel subsidy fund would find better use in developing infrastructure’

The Director of Research and Advocacy, at the Lagos Chamber of Commerce and Industry (LCCI), Vincent Nwani, has said that the fuel subsidy regime of the Federal Government has remained a rent and a drain on the nation’s economy. He ...

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Dangote explains investment in refinery, petrochemicals

Dangote explains investment in refinery, petrochemicals

The ongoing investment in refining, petrochemicals, fertilizer and gas is driven by the desire to bring innovation and efficiency into all aspects of Nigeria’s oil and gas sector, the President/Chief Executive, Aliko Dangote has said. Dangote, who made this disclosure ...

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Investors lose N31b amid heightening political tension

Investors lose N31b amid heightening political tension

• Analysts predict gloomy market ahead of 2019 polls  Fears that the heightening political uncertainties may trigger a pull back in the equity market to halt the bullish run witnessed in the past few days became a reality yesterday, as investors ...

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National Fleet: How Vision 2020 Killed Maritime Sector

Illegal Port Levies: Shipping,Terminal Coys Introduce New Charges

Nigerian shipping to suffer until Govt prioritizes sector ‘14% Customs Duty’ Major Impediment To National Carrier By Kenneth Jukpor Appalled by the gross negligence of the nation’s shipping sector in the economic plans of the federal government, maritime experts have ...

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2018 Q4 Rating: How FAAN, NPA, MAN Oron Fared

2018 Q4 Rating: How FAAN, NPA, MAN Oron Fared

By Kenneth Jukpor MMS Plus presents the 2018 fourth quarter rating of transport agencies in the country based on their performance with regards to their core functions. This appraisal covers; Federal Airport Authority of Nigeria (FAAN), Nigerian Ports Authority (NPA) ...

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Gulf War: How Nigeria Can Imitate Iraq’s Sustainable Oil Trade – Okorefe

By Kenneth Jukpor Mr. Charles Okorefe is the Managing Director of Kamany Marine Services Limited and the publisher of the book; “ABC of Shipping and Ports Operation in Nigeria”. He was a special guest at the 20th Anniversary Lecture/ Awards ...

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How Aviation Policies Can Enhance Tourism In Nigeria – Bankole

How Aviation Policies Can Enhance Tourism In Nigeria - Bankole

Bernard Bankole is the President of the National Association of Nigerian Travel Agencies (NANTA), the downstream sector of the aviation sector. Bankole, in this interview takes a closer look at the air travel business and tourism, highlighting its challenges, potential ...

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BULLS: Edike’s Trade Facilitation Sermon

BULLS: Noble Jerry

Pastor Charles Edike, a former Assistant Comptroller-General of Nigeria Customs Service (NCS) was such an ardent believer and advocate of the significance of trade facilitation during his years as an officer that the Executive Secretary of Nigerian Shippers’ Council (NSC) ...

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Time Management: Productivity At Work

How To Manage Time At Work

Chances are good that, at some time in your life, you’ve taken a time management class, read about it in books, and tried to use an electronic or paper-based day planner to organize, prioritize and schedule your day. “Why, with ...

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FG Floats Manual Truck Call-Up System At Lagos Ports

FG Unveils Standard Operating Procedures For Trucks

By Kenneth Jukpor As part of efforts to curb the haphazard movement of trucks along the port access roads in Lagos, the Federal Government has decided to refloat a manual truck call-up system that would see only trucks with specific ...

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BEARS: My Crude! My Crude!

BEARS: Election Palava

When Mr. Jackson Gaius-Obaseki served as Managing Director of the Nigerian National Petroleum Corporation (NNPC) passionate about the affreightment of Nigeria’s crude that he famously declared ‘My Crude’ ‘My Crude’ when indigenous ship-owners had visited him to get NNPC engage ...

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With N182.86tn Turnover in 2018, FMDQ Set All-time Record

With N182.86tn Turnover in 2018, FMDQ Set All-time Record

Business has never been so good in the last five years at the FMDQ OTC Securities and Exchange Market as it was in 2018, when market turnover hit an all-time high of N182.86 trillion. Aggregate transactions in the fixed income ...

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Entrenching Fiscal Discipline with New ECA Guidelines

Entrenching Fiscal Discipline with New ECA Guidelines

In the past few years, savings into and withdrawals from the Excess Crude Account (ECA) have been contentious. The Federation Account Allocation Committee (FAAC) is considering fresh guidelines for revenue inflows and withdrawals from the account. The Excess Crude Account ...

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Kachikwu, DPR Debunk Claims of Irregularities in Renewal of 22 Oil Blocks

APPO to make oil beneficial to Africans, says minister Ibe Kachikwu

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu Saturday said there was no irregularities whatsoever in the renewal of 22 oil blocks undertaken by the Ministry of Petroleum Resources and the Department of Petroleum Resources (DPR). The ...

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FG says no going back on 20,000MW transmission capacity by 2021

FG says no going back on 20,000MW transmission capacity by 2021

•Bemoans Poor Investment In Distribution Network Though Nigeria’s power transmission network currently hovers around 8, 000MW, the Federal Government, yesterday said there was no going back on achieving 20,000 megawatts of electricity transmission by 2021. Speaking during the commissioning of ...

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