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Yearly Archives: 2019

Nigeria recovers N1.2tr unpaid oil debts, may revoke debtor licencees

Nigeria recovers N1.2tr unpaid oil debts, may revoke debtor licencees

Automation of processes to aid accountability, check seepage Nigeria’s Minister of State for Petroleum Resources, Dr. Emmanuel Kachikwu, disclosed that the Federal Government had recovered no less than N1.2 trillion in unpaid royalty from crude oil sales, following the Ministry’s ...

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Kunbolistic Tokunbo

Kunbolistic Tokunbo

Mrs. Olatokunbo Fagbemi is the Group Managing Director/CEO of Nigerian Aviation Handling Company plc (NAHCO Aviance). She is an Airports Council International (ACI) and International Civil Aviation Organization (ICAO) certified International Airport Professional (IAP). She is one of the few ...

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Cooking Gas Scarcity Looms as NIMASA Detains NLNG Vessel

IOCs Seek Better Incentives For Olokola, Brass Projects

Bans waivers, commences clampdown on foreign vessels NNPC’s refineries record N137.5bn operational losses Nigerians may experience scarcity of Liquefied Petroleum Gas (LPG), better known as cooking gas, following the detention of NLNG Limited’s vessel by the Nigerian Maritime Administration and ...

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Court warns CBN, NCC, others against concluding Etisalat’s sale

Court warns CBN, NCC, others against concluding Etisalat’s sale

• Aggrieved shareholders plan fresh suits The Federal High Court, Abuja, has warned the Central Bank of Nigeria (CBN), Nigerian Communications Commission (NCC) and others involved in the move to sell Etisalat (9mobile) against taking any further step in that ...

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Maritime Forecast: Maritime Community Irked By NIMASA’s Statistics

NIMASA Hosts Global Forum To Address Gulf Of Guinea Crisis

Lawyers, Journalists dismiss hasty projections Shippers doubt functionality of Onitsha, Baro river ports By Kenneth Jukpor The maritime industry 2019/20 forecast presented by the Nigerian Maritime Administration and Safety Agency (NIMASA) has continued to baffle experts as they express worry ...

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New Dawn For Monopolistic Businesses In Nigeria

New Dawn For Monopolistic Businesses In Nigeria

“Competition always produces better results than a monopoly” – Beto O’Rourke President Muhammadu Buhari has taken a cue from Beto’s apt saying, as he signed the Federal Competition and Consumer Protection bill into law, last week. This is coming fifteen ...

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2018 Q4 Rating: How NCAA, NITT, NAMA, AIB Fared

2018 Q4 Rating: How NCAA, NITT, NAMA, AIB Fared

By Kenneth Jukpor & Okuneye Moyosola MMS Plus x-rays the activities of transport agencies in the third quarter of 2018. Parastatals in the sector were crippled by the financial constraints with indebtedness even on the most negligible amount of money ...

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BULLS: Noble Jerry

BULLS: Hbd! Madam Julie

Despite the popular trend of indiscipline displayed by the security officers at the Nigerian Port Authority (NPA), there is a rare personality called Mr. Jerry Bello. Jerry has distinguished himself with high level of professionalism, yet he is jovial, accommodating ...

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Managing Heat Stress In Poultry, Other Livestock Farms

Managing Heat Stress In Poultry, Other Livestock Farms

Heat, especially in the tropics, can have negative effects on poultry performance. Number of eggs produced can reduce, weight gain can be impaired and feed conversion efficiency can be affected during the dry season if measures are not put in ...

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Extortion: How N30,000 Truckers Bribe Started

BULLS: Fabulous Folake

By Moyosola Okuneye & Samson Monehin Mrs. Folake Soji-George is the President of Corporate Fleet Owners Association of Nigeria. In this interview with MMS Plus newspaper, she spoke extensively on the myriads of challenges facing trucking in Nigeria especially at ...

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Sluggish Investment Decisions To Moderate 2019 Growth —ICAN

Sluggish Investment Decisions To Moderate 2019 Growth —ICAN

Sluggish investment decisions that may arise as a result of expectations from the general elections among other factors will moderate the growth prospects for Nigeria in 2019, the Institute of Chartered Accountants of Nigeria, has said The President, ICAN, Alhaji ...

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BEARS: Sala’s Sad Tale

BEARS: Sala’s Sad Tale

Two weeks after the world had been in doldrums over the whereabout of Argentine footballer Emiliano Sala, the British authorities formally identified his body as the one recovered from the submerged wreckage of a plane that went down in the ...

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Grand Outing: League Of Maritime Editors @20

Top maritime stakeholders in the country as well as bigwigs across Africa converged to celebrate the League of Maritime Editors and Publishers (LOMEP) 20th Anniversary. MMS Plus lens was there to fetch you the photos. Enjoy:

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FG To Commence Military Queues At Nigerian Airports

The Minister of State Aviation, Hadi Sirika, has disclosed that military queues will be created at the airports as an opportunity to appreciate the Nigerian Armed Forces. The minister made the disclosure during a courtesy visit by members of the ...

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NNPC Inaugurates $60m Gas Plant In Delta

Nigeria saves N673b from refining oil abroad

The Group Managing Director of the Nigerian National Petroleum Corporation, Maikanti Baru, on Thursday  inaugurated a $60m Egbeoma gas processing plant in Ebedei Community, Ukwuani Local Government Area of Delta State. At the inauguration ceremony, Baru said the NNPC was ...

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TCN Raises $1.62bn For Power Transmission, Says Distribution Lagging

TCN Raises $1.62bn For Power Transmission, Says Distribution Lagging

The Transmission Company of Nigeria said on Thursday that it had raised a total of $1.623bn for power transmission projects across the country. The Managing Director/Chief Executive Officer, TCN, Mr Usman Mohammed, who disclosed this in Lagos at the inauguration ...

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FG Deploys Tools To Check Price Disparity In Procurement Contracts

FG Deploys Tools To Check Price Disparity In Procurement Contracts

The Federal Government has deployed a new portal to be known as the price checker to harmonise prices of items to be acquired by agencies of government during procurement processes. The move is one of the financial management reforms being ...

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FG Connects Lagos Riverine Communities To Power Grid

FG Connects Lagos Riverine Communities To Power Grid

Some riverine communities in Lagos have been connected to the national power grid by the Federal Government with the inauguration of 1x30MVA/132/33kV Transmission Substation at Ilashe Island, Oriade Local Government Area, Lagos. The Minister of Power, Works and Housing, Mr. ...

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AFAR Develops Forensic Research To Curb Financial Fraud

AFAR Develops Forensic Research To Curb Financial Fraud

The Association of Forensic Accounting Researchers has said it is committed to the development of forensic accounting research in the country to curb incidence of financial fraud. The Chairman, AFAR Governing Board, Prof Muhammad Mainoma, said this during the association’s ...

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Bankers Canvass New Economic Strategies, Approval Of CFTA

Bankers Canvass New Economic Strategies, Approval Of CFTA

Bankers in Nigeria have said it is cogent for the country to rethink its strategy of handling some of its economic activities and that the Continental Free Trade Agreement should be rectified. The President/Chairman of Council, Chartered Institute of Bankers ...

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