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Author Archives: mms plus

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As NNPC Returns to Loss-making Streak

As NNPC Returns to Loss-making Streak

The Nigerian National Petroleum Corporation may have returned to its old loss-making operation after the positive performance it recorded between February and July this year, writes Chineme Okafor For six months – between February and July 2018, the NNPC recorded ...

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DPR Assures Nigerians of Adequate Fuel Supply

DPR Assures Nigerians of Adequate Fuel Supply

The Department of Petroleum Resources (DPR) has allayed fears of Nigerians, especially Plateau citizens that there might be scarcity of fuel during the yuletide season. According to the DPR, there is about 30 million litres of fuel in stock at ...

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Marketers Beg FG to Pay N800bn Outstanding Subsidy Claims

Marketers Beg FG to Pay N800bn Outstanding Subsidy Claims

Oil marketers under the aegis of Major Oil Marketers Association of Nigeria (MOMAN) and Depot and Petroleum Products Marketers Association (DAPPMA), have appealed to the federal government for prompt payment of over N800 billion outstanding subsidy claims owed them to ...

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NERC: Discos Yet to Provide Meters for 57% of Electricity Users

NERC: Discos Yet to Provide Meters for 57% of Electricity Users

The Nigerian Electricity Regulatory Commission (NERC) yesterday disclosed that in every 10 users of grid generated electricity supplied by the 11 electricity distribution companies (Discos) in Nigeria, nearly six of them, representing 57 per cent, have remained unmetered, indicating that ...

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Sagacious Sola

Sola David-Bortha is the CEO of Standard Bank Group, which is a parent company to Stanbic IBTC. In 2016, she was awarded the Business Woman of the Year award by All Africa. One year later, she resigned as a CEO ...

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League of Maritime Editors’ Nation’s Review: CG Ali Summons Controllers Over Graft Report

League of Maritime Editors’ Nation’s Review: CG Ali Summons Controllers Over Graft Report

*Strike Force to be overhauled *Amaechi convenes maritime agencies’ CEOs meeting ahead of NTC bill passage Rattled by the damning report of convoluted  corruption in Nigeria Customs Service(NCS)which went viral last week in the media, the Comptroller General(CG),Col. Hameed Ali(rtd) summoned ...

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Ways To Boost Business Bank Account

Ways To Boost Business Bank Account

When cash is tight and bills need to be paid, your first instinct may be to try to get a small business loan of some kind—any kind. But depending on the type of small business financing you are seeking, you ...

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BULLS: Naija Helicopters

BULLS: Naija Helicopters

The engineering aspect of Nigeria’s aviation sector is set for massive transformation as the Nigerian Civil Aviation Authority and the National Agency for Science and Engineering Infrastructure are set to collaborate on local manufacturing of helicopters. While, NCAA is expected ...

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NLNG To Spend Over $9.4bn On Trains 7&8

NLNG To Spend Over $9.4bn On Trains 7&8

Over $9.4billion will be spent by the Nigeria Liquefied Natural Gas (NLNG) to finance the construction of Trains 7&8. The trains would be used to export Liquefied Natural Gas (LNG) to interested buyers/nations, its former Managing Director, Mr. Godswill Ihetu, ...

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Empowering Local Capacity To Grow Nigeria’s LPG Consumption

Empowering Local Capacity To Grow Nigeria’s LPG Consumption

Kenneth Jukpor While the Nigerian government pushes for stronger liquefied petroleum gas (LPG) utilization through various incentives, Standards Organization of Nigeria (SON) along with other government agencies and organized private sector has revealed intentions to clamp down on unlicensed gas ...

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BEARS: Trapped Goods @Seaports

Bears: Trapped Goods @Seaports

Some exhibitors at the just-concluded 2018 Lagos International Trade Fair have lamented their inability to evacuate their goods from the seaports in time to sell at the fair, due to the delays in clearing processes coupled with the lingering gridlock ...

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Untold Story Of Ali’s Customs—Mystery Guest

Corruption Incorporated: 100 ‘Hameed Alis' Can’t Change Corruption In Nigeria Customs

There is a seething corruption in the Nigeria Customs Service (NCS) led by Col. Hameed Ali (rtd) as Comptroller General (CG).  In this mystery interview, our guest reveals a lot in this session. Excerpt: Customs is a highly technical government ...

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Port System Collapse: Igbos Are Losing Their Investments – Aniebonam

Port System Collapse: Igbos Are Losing Their Investments - Aniebonam

Chief Dr. Boniface Okechukwu Aniebonam is an enigma of sort. He is a leader who believes in teaching the led how to fish even while providing the fish also. He founded the National Association of Government Approved Freight Forwarders(NAGAFF), which ...

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Govs Earn Over N600,000, Not N500,000 – Investigation

Govs Earn Over N600,000, Not N500,000 – Investigation

Contrary to the claim by Governor Kayode Fayemi that governors in Nigeria earn N500, 000 per month, the official monetised salary of a governor in the country is actually N648,580.62, findings from an investigation have shown. Fayemi had said that ...

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Ten Banks Accounted For 87% Of Banking Sector Fraud — NDIC

Ten Banks Accounted For 87% Of Banking Sector Fraud — NDIC

Ten Deposit Money Banks accounted for about 87.63 per cent of fraud and forgeries that occurred in the banking sector in the 2017 fiscal period. This is contained in the 2017 annual report of the banking sector prepared by the ...

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Banks Refund N66bn, $18m, Others To Displeased Customers

Banks Refund N66bn, $18m, Others To Displeased Customers

Banks in the country have returned huge sums of money in different currencies to some disgruntled depositors after they (banks) were reported to the Central Bank of Nigeria for various irregularities. According to the CBN, its intervention in about 13,715 ...

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Nigeria Can’t Attain 40bn Barrels Oil Reserve – NAPE

Nigeria Can’t Attain 40bn Barrels Oil Reserve – NAPE

The absence of fiscal policy will continue to retard investments flow in Nigeria’s oil and gas industry, such that attainment of 40 billion crude oil reserve will not be realized, the Nigerian Association of Petroleum Explorationists, NAPE, has said. The ...

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2019: Why Niger-Delta States Can’t Take 100% Of Oil Revenues – Atiku

2019: Why Niger-Delta States Can’t Take 100% Of Oil Revenues - Atiku

The presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has said he is willing to let Nigeria’s oil producing states have absolute control of crude oil revenues from their domains, but added he is reluctant to immediately implement such ...

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Customs Seizes Truck Loads Of Ammunition, Drugs In Imo

Customs Seizes Truck Loads Of Ammunition, Drugs In Imo

 In line with its anti-smuggling operations, the Nigeria Customs Service (NCS), Federal Operations Unit (FOU) Zone ‘C’ Owerri has intercepted a truck loaded with two pump action rifles, 4375 rounds of ammunition and military camouflage all neatly concealed to deceive ...

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NACCIMA Lampoons Obsolete Nigerian Maritime Policies

NACCIMA Lampoons Obsolete Nigerian Maritime Policies

Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has admonished the Federal Government to take critical look at the policies regulation the nation’s maritime sector, describing them as obsolete policies thus hindering port efficiency. NACCIMA’s National President, ...

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