Home / Author Archives: mms plus

Author Archives: mms plus

Copyright MMS Plus. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from Kings Communications Limited.

2018 Budget: Experts speak on $50.5 crude oil benchmark

2018 Budget: Experts speak on $50.5 crude oil benchmark

Some experts in the oil and gas industry on Wednesday said there was no cause for alarm over the increase in the crude oil benchmark from $45 per barrel to $50.5 per barrel. They told the News Agency of Nigeria ...

Read More »

Court orders Shell to pay $3.6bn fine to NOSDRA

Court orders Shell to pay $3.6bn fine to NOSDRA

Justice Mojisola Olatoregun of the Federal High Court in Lagos has ordered Shell Nigeria Exploration and Production Company Limited to pay a fine of $3.6bn to the National Oil Spill Detection and Response Agency acting on behalf the Federal Government. ...

Read More »

Buhari, Nigerien President to sign refinery construction pact

Buhari, Nigerien President to sign refinery construction pact

The Presidents of Nigeria and the Republic of Niger will next month sign the Memorandum of Understanding for the construction of a new 100,000 barrels per day refinery that will be located in the border town of the two countries. ...

Read More »

Nigeria’s debt rises to N22.7tn —DMO

Nigeria’s debt rises to N22.7tn —DMO

The nation’s total public debt increased by 4.52 per cent in the first three months of the year, data from the Debt Management Office showed on Wednesday. The public debt increased from N21.73tn ($71bn) in December 2017 to N22.71tn ($74.28bn) ...

Read More »

ICYMI: Ecuador, Nigeria to sign visa-free pact

ICYMI: Ecuador, Nigeria to sign visa-free pact

Ecuador and Nigeria have agreed to sign a visa-free agreement to strengthen bilateral relations, Ecuadorian Ambassador to Nigeria, Amb. Deopoldo Rovayo, has said. Rovavo made the announcement in Abuja on Wednesday when he paid a courtesy visit to the Permanent ...

Read More »

Maritime stakeholders task government on import, export reforms

Maritime stakeholders task government on import, export reforms

The Federal Government has been urged to immediately step up its reforms strategy on import and export processes to help reverse the current poor ranking by Trading Across Borders (TAB). TAB, in its latest rankings, put Nigeria at 183rd position ...

Read More »

Naira Gains as CBN Injects $210m into FX Market

Naira Gains as CBN Injects $210m into FX Market

The naira appreciated to N359.5 to a dollar on the parallel market yesterday, compared with the N360 to a dollar it closed on Tuesday. Also, on the Investors’ and Exporters’ (I&E) window, the nation’s currency strengthened to N361.06 to the ...

Read More »

Dangote Cement’s N179 Billion Dividend Excites Shareholders

Dangote Cement’s N179 Billion Dividend Excites Shareholders

Shareholders of Dangote Cement Plc (DCP) yesterday approved the N178.9 billion dividend recommended for the year ended December 31, 2017 and commended the board and management for the impressive performance despite the challenging operating environment. The cement company, which is ...

Read More »

PNG Achieves One Million Man-hours LTI-free Operation

PNG Achieves One Million Man-hours LTI-free Operation

PNG Gas Limited, a subsidiary of Gas Train Limited, has stated that it has achieved operational safety of one million man-hours without lost-time incident (LTI) at its Egbaoma Gas Processing Plant located at Ebedei, Ukwani Local Government Area of Delta ...

Read More »

German Firms Generate $1bn Annual Turnover, Employ 10,000 Nigerians

German Firms Generate $1bn Annual Turnover, Employ 10,000 Nigerians

The Head, Delegation of German Industry and Commerce in Nigeria (DGIC), Dr. Marc Lucassen has said German companies operating in Nigeria currently generate an annual turnover of $1 billion. He also disclosed that efforts were being made to ensure that ...

Read More »

NEITI Moves to Enthrone Transparency in Extractive Sectors

NEITI Moves to Enthrone Transparency in Extractive Sectors

All Nigerians would be able to know more about how the country’s oil, gas and solid minerals sectors operate without the usual practice of keeping away key information about the sectors’ earnings and remittances to the government from them anymore, ...

Read More »

Kachikwu Directs NNPC, Shell to Start $10bn Bonga South West Project Tuesday

Kachikwu Directs NNPC, Shell to Start $10bn Bonga South West Project Tuesday

Nigeria’s crude oil, second highest valued in 2017 OPEC reference basket The Minister of State for Petroleum, Dr. Ibe Kachikwu, has directed the Nigerian National Petroleum Corporation (NNPC) and Shell Nigeria Exploration and Production Company (SNEPCo) to commence the tendering ...

Read More »

FG Orders Land Border Shut to Protect Local Rice Production

FG Orders Land Border Shut to Protect Local Rice Production

In a move to protect local production, the federal government has directed the closure of the nation’s land border over incessant smuggling of foreign rice into Nigeria. The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, told participants at ...

Read More »

Electricity generation to national grid drops by 1,087.6mw, says TCN

Electricity generation to national grid drops by 1,087.6mw, says TCN

The Transmission Company of Nigeria (TCN) says there has been a drop in the electricity generated into the national grid by 1,087.6 megawatts (mw). According to a statement by TCN’s General Manager, Public Affairs, Mrs. Ndidi Mbah, in Abuja yesterday, ...

Read More »

Fresh controversy trails N400b shortfall in aviation revenue

Fresh controversy trails N400b shortfall in aviation revenue

A fresh controversy has emerged over the total number of passengers that travelled the Nigerian airspace and ticket fares generated in 2016 and 2017, especially the harmonised figures recently released by the Nigerian Civil Aviation Authority (NCAA). The apex regulatory ...

Read More »

Equities Market Sustains Bullish Trading on Positive Sentiments

Equities Market Sustains Bullish Trading on Positive Sentiments

The stock market sustained its positive performance last week as the Nigerian Stock Exchange (NSE) All-Share Index appreciated by 0.76 per cent, to close higher at 38,928.02, while market capitalisation chalked up N150.9 billion to end the week at N14.102 ...

Read More »

ABCON Backs CBN Currency Swap Deal

ABCON Backs CBN Currency Swap Deal

The Association of Bureaux De Change Operators of Nigeria (ABCON) has once more applauded the $2.5 billion currency swap agreement between the Central Bank of Nigeria (CBN) and the People’s Bank of China (PBoC), saying the deal will promote naira’s ...

Read More »

NCS, FOU Enhance Operational Modalities to End Smuggling

NCS, FOU Enhance Operational Modalities to End Smuggling

The Controller of the Federal Operations Unit, Comptroller Mohammed Uba has stated that the unit has re-strategised its operational modalities in order to ensure full implementation of the federal government’s policy banning the importation of rice through land borders. As ...

Read More »

Shipping Firms To  NPA: How It Pays To Operate In Breach

Shipping Firms To  NPA: How It Pays To Operate In Breach

· Customs  dissociates self from ease of doing business Some multinational shipping firms  and terminal operators will soon be suspended  from operating in Nigeria  for perpetually flouting the Federal Government’s policy on the use of empty container holding bay and call up system to manage ...

Read More »

Mojiliscious Moji

Professor Moji Adeyeye is the Director-General of National Agency for Food and Drug Administration and Control (NAFDAC). Adeyeye is the founding Chair of Biopharmaceutical Sciences and Professor of Pharmaceutics and Drug Product Evaluation at the College of Pharmacy, Roosevelt University ...

Read More »