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Corruption In Diplomatic Shuttle: Presidency, Ministry Officials Shock Amaechi, Sell Abuja MoU Houses

Corruption In Diplomatic Shuttle: Presidency, Ministry Officials Shock Amaechi, Sell Abuja MoU Houses

· How Presidential Committee consummated the deal illegally · Nigerian Fleet Implementation Committee to launch website in January By Kenneth Jukpor The Minister of Transportation, Rt. Hon. Rotimi Amaechi has been stunned to realize the massive corruption perpetuated under his ministry as two ...

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Collaboration: ‘A Big Ask’ For Nigerian Shipowners

Collaboration: ‘A Big Ask’ For Nigerian Shipowners

Creating a better world requires teamwork, partnerships, and collaboration, as we need an entire army of companies to work together to build a better world within the next few decades. This means corporations must embrace the benefits of cooperating with ...

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Yuletide Fuel Scarcity: Demystifying Oil Marketers Perennial Feud With FG

Yuletide Fuel Scarcity: Demystifying Oil Marketers Perennial Feud With FG

By Kenneth Jukpor Nigerians have described the annual fuel scarcity in the country especially at Christmas as an act of cruelty that could not be justified. Indeed it has become a frightening trend expected to occur in December every year ...

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BULLS: Your Beacon Goes On Break

There is a season for everything. This is  our, and your season for rest. This is yuletide, a time and season of Christmas. Merry Christmas! Your news and  beacon maker, MMS Plus Newspaper will be off the news stand for just ...

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How To Learn The ABC Of Shipping And Ports Operations In Nigeria- Okorefe

How To Learn The ABC Of Shipping And Ports Operations In Nigeria- Okorefe

The book; “ABC of Shipping and Ports Operation in Nigeria” written by Mr. Charles Okorefe was recently launched in Lagos. According to the readers, the book is a must-have for all stakeholders involved in shipping and port operations in the ...

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Sea Protection Levy: Piracy Must Be Exterminated – Capt. Iheanacho

Sea Protection Levy: Piracy Must Be Exterminated - Capt. Iheanacho

Capt. Emmanuel Iheanacho, a former Minister of Interior, is the Chairman of Genesis Worldwide Shipping and Chairman, Integrated Oil and Gas Limited. He was a guest speaker at a recent Maritime Business breakfast meeting organized by ZOE Maritime Resources Limited. ...

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BEARS: 10 Bills Without An Act, What is it?

BEARS: 10 Bills Without An Act, What is it?

December 6th, 2018 will ever be remembered as a day the Senate Committee on Marine Transport had a novel interface with the stakeholders in the maritime industry code-named:” Lunch with the Senate, a maritime stakeholders’ assembly”.   It was a day ...

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How Lome Became Hub Port In West Africa – Agu

How Lome Became Hub Port In West Africa – Agu

By Kenneth Jukpor Chief Cajetan Agu is the Deputy Director, Enforcement, Monitoring and Compliance at the Nigerian Shippers’ Council (NSC). He was recently inducted as a fellow of the African Centre for Supply Chain (ACSC) at the 7th ACSC Fellowship ...

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Aniebonam Urges Senate To Meet President Over NTC Bill

Aniebonam Urges Senate To Meet President Over NTC Bill

*League of Maritime Editors alleges plot to foreclose President’s Assent Members of the Senate Committee on Marine Transport have been urged to do more than just passing the National Transport Commission (NTC) Bill and work assiduously for its assent by ...

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WIMAFRICA: Bola Muse Emerges President Of Nigerian Chapter

WIMAFRICA: Bola Muse Emerges President Of Nigerian Chapter

By Kenneth Jukpor Hajia Bolanle Idayat Muse has been elected as the new President of the Nigerian chapter of African Women in Maritime (WIMAFRICA). Bola Muse took over from Barr. (Mrs.) Jean-Chiazor Anishere who is now the Continental President of ...

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Nigeria’s LPG Consumption Grew By 600% In Two Years – FG

Nigeria’s LPG Consumption Grew By 600% In Two Years – FG

The consumption of Liquefied Petroleum Gas, popularly known as cooking gas, in Nigeria, increased by 600 per cent in the past two years, the Federal Government announced on Thursday. It was also gathered that the $12m LPG plant being established ...

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We Won’t Rush Petroleum Industry Reforms – Buhari

We Won’t Rush Petroleum Industry Reforms - Buhari

President Muhammadu Buhari said on Thursday, that his administration would not rush reforms in the petroleum and gas industry, saying that reforms must be carefully thought out to serve the interests of Nigerians. Speaking specifically on the much-awaited Petroleum Industry ...

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Reps Summon Ministers, NNPC Boss Over Illegal Subsidy Payments

Reps Summon Ministers, NNPC Boss Over Illegal Subsidy Payments

The House of Representatives Joint Committee on Finance and Petroleum (Downstream), on Thursday summoned the Minister of Finance, Mrs. Zainab Ahmed and the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, over funds being paid to subsidize the pump ...

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Banks’ Non-Performing Loans Rise To N2.24trn

Banks’ Non-Performing Loans Rise To N2.24trn

Nigerian bank’s non-performing loans stood at N2.245tn as of the end of September 2018, according to the National Bureau of Statistics (NBS). The NBS revealed that in the period under review, the country’s gross loans stood at N15.861tn, while loans ...

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CBN To Track, Stop Bad Debtors From Further Borrowing

CBN To Track, Stop Bad Debtors From Further Borrowing

The Central Bank of Nigeria is planning to introduce a new mechanism, called the Global Standing Instruction that will work with the Bank Verification Number of depositors to detect bad borrowers who refuse to pay their loans but plans to ...

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NSE admits SAHCO Plc’s N406 million offer on exchange’s daily official list

NSE admits SAHCO Plc’s N406 million offer on exchange’s daily official list

The Nigerian Stock Exchange (NSE) has admitted 406,074,000 ordinary shares of 50 kobo each at N4.65 per share for Skyway Aviation Handling Company Limited (SAHCOL), following four years scarcity of Initial Public Offerings (IPOs) in the nation’s capital market. The ...

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‘Maritime industry has capacity to drive economy’

‘Maritime industry has capacity to drive economy’

With a prospect to generate over $8 billion yearly, the maritime sector has the resources to propel the desired growth in the nation’s economy, stakeholders have said. To fully optimise the industry capacity, they stressed the need for the Federal ...

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Nigeria’s First Gold Refinery To Be Completed June 2019

FG lays foundation of gold refinery in Ogun

The Federal Government yesterday laid the foundation of the first gold refinery in Mowe, Ogun State, to enhance the country’s sustainable economic growth. A Nigerian firm, Kian Smith Trade & Co Limited, on Thursday broke ground on the nation’s first ...

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Nigeria files $1b suit against Shell, Eni in UK

Nigeria files $1b suit against Shell, Eni in UK

The Federal Government yesterday filed a $1.1 billion lawsuit against Royal Dutch Shell and Eni at a commercial court in London, United Kingdom in connection with a 2011 oilfield deal. The OPL 245 facility is also at the heart of ...

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NPA MD Urges Fire Officers On Professionalism

The Managing Director of Nigerian Ports Authority, Hadiza Bala-Usman has admonished officers in the Fire Service Department of the Authority to rededicate themselves to the vision, mission and core values of the Authority by displaying professional ability and agility and ...

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