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Author Archives: mms plus

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NNPC moves to acquire 30% market share in petrol retailing

NNPC moves to acquire 30% market share in petrol retailing

The Nigerian National Petroleum Corporation (NNPC) is working on increasing penetration in the downstream sector to enable it capture 30 per cent of the retail market in the country. The Group Managing Director of the corporation, Dr. Maikanti Baru, yesterday ...

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Aishistic Aishetu

Aishistic Aishetu

Mrs. Aishetu Dozie is the General Manager and Division Head, Investment Banking West Africa at Rand Merchant Ban. She is passionate about global finance and demonstrable development impact. Aishetu worked closely with President Obasanjo and his economic team of cabinet ...

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Have A Ball With SOAN

The 2018 Ship Owners Association of Nigeria (SOAN) End-of-Year Workshop/ Dinner was one which pulled the movers and shakers of the maritime industry together to blend intellectual nous with soothing wine and dinner. MMS Pluslens was there. Enjoy the photos:

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‘Nigeria needs international standard in railway projects’

Bears: Delayed Rail Concession

The Federal government has been urged to explore international standards in its efforts at bringing the Nigerian railways infrastructure back to live while the citizens must also develop ethics of boarding train. Director Civil/New Lines, Nigerian Railway Corporation, Anthony Onyokoko ...

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Nigeria makes early gains at IATF with $2.2 billion investment deals

Nigeria makes early gains at IATF with $2.2 billion investment deals

Nigeria has emerged one of the early gainers of the maiden Intra-African Trade Fair (IATF), in Cairo, Egypt, as it had sealed a $2.24 billion deal for regional trade expansion and industrial parks. The first-ever IATF on the continent, organised ...

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SAHCOL offers N406m in first IPO after four years

SAHCOL offers N406m in first IPO after four years

Hopes of a return of the era of Initial Public Offerings (IPO) were rekindled last week, after four years of zero record, with the offer for sale of SAHCO Plc’s 406,074,000 ordinary shares of 50 kobo each at N4.65 per ...

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

Amaechi, Bello, Iheanacho To Attend Maritime Editors’ Summit Next Week

· 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?

Many travails of maritime sector in 2018

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

Nigerian Oil Firm Emerges Largest Supplier Of LPG In West Africa

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

2019 budget: Buhari to spend N1bn on travels, N98m on food

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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