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W’Bank Cuts Nigeria’s GDP Growth Forecast to 2.1% for 2019

W’Bank Cuts Nigeria’s GDP Growth Forecast to 2.1% for 2019

The World Bank Group has predicted real Gross Domestic Product (GDP) growth rate of 2.1 per cent for Nigeria for 2019, slightly lower than the 2.2 per cent it had predicted for the country same year in a report early ...

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Nigeria’s e-payment deals lose over N5 trillion in Q1

Nigeria’s e-payment deals lose over N5 trillion in Q1

•Banks still exposed to oil, gas sector with N3.5tr The first quarter (Q1) transactions record of the electronic payment (e-payment) channels across the country, showed a shortfall of N5.13 trillion at N34.02 trillion, against N39.15 trillion recorded in Q4 of ...

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Delay in outcomes of inland basins drilling by NNPC worry stakeholders

NNPC seeks military support on assets’ protection, exploration

Over three months after the Nigerian National Petroleum Corporation (NNPC) started drilling activities at the spud-in of Kolmani River-II Well in Gongola Basin in Bauchi, petroleum industry stakeholders have expressed divergent views over the delay in making commercial find. Although ...

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Osinbajo to commission LPG cylinder manufacturing plant

SON seizes N38 million substandard cooking gas cylinders

Vice-President Prof. Yemi Osinbajo is to commission a cooking gas manufacturing plant in Lagos on Friday the biggest of its type in West Africa. The Chief Executive Officer of Techno Oil Group, Mrs. Nkechi Obi, in a statement yesterday, said ...

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West Africa Container Terminal plans $10m facility upgrade

League of Maritime Editors Demands Probe Of Asadu’s Port Committee

West Africa Container Terminal (WACT), Onne Port, Rivers State, has unveiled plans to take delivery of two new mobile harbour cranes from Liebherr, as part of a $10 million upgrade. The upgrade is expected to bring WACT, one of the ...

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$267m Abacha loot recovered from British Virgin Islands bank

$267m Abacha loot recovered from British Virgin Islands bank

More than $267 million traced to the family of late Nigerian despot General Sani Abacha has been seized from a British Virgin Islands bank and paid into government coffers in an American state of Jersey. The money was a part ...

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NNPC conceals outcome of Gongola oil search 120 days after

Buhari removes Baru, appoints Kyari as NNPC GMD

The Nigerian National Petroleum Corporation (NNPC) has failed to announce results of drilling activities at the spud-in of Kolmani River-II Well in Gongola Basin of Upper Benue Trough, kicked off early this year by President Muhammadu Buhari. Its Group Managing ...

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Workers kick against Gwarzo’s reinstatement as SEC’s chief executive

Workers kick against Gwarzo’s reinstatement as SEC’s chief executive

The Senior Staff Union of the Securities and Exchange Commission (SEC) has protested against the reinstatement by the National Industrial Court of its suspended Director-General, Alhaji Mounir Gwarzo. Addressing reporters during the brief protest which led to the locking up ...

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Court strikes out suit against CBN on stamp duty collection

Oil Drilling Rig Isn't A Vessel Under Cabotage Act

A federal High Court, Lagos, has struck out a suit against the Governor of Central Bank of Nigeria (CBN) challenging its circular of January 15, 2016 directing and authorising all Deposit Money Banks (DMBs) and other financial institutions to enforce ...

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Court halts sacking of Tinubu, Boyo as Oando directors

Court halts sacking of Tinubu, Boyo as Oando directors

A federal High Court, Lagos has restrained the Security and Exchange Commission (SEC) from taking any step concerning its imposition of a fine of N91,125,000.00 on the Group Chief Executive Officer of Oando Plc, Mr. Wale Tinubu, and barring him ...

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Lizzilistic Lizzy

Lizzilistic Lizzy

Mrs. Lizzy Ifezue is a Senior Administrative Officer at the Council for the Regulation of Freight Forwarding in Nigeria  (CRFFN). She is an extremely humble personality, accommodating yet highly intelligent and dexterous. Lizzy is always found wearing a smile and ...

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BULLS: An End To Bribe

BULLS: An End To Bribe

Two weeks ago, the Federal Government mandated the Nigerian Navy and all other military formations to withdraw from traffic management duties in and around the Apapa axis. By this directive, the Lagos State Traffic Management Authority (LASTMA) was mandated to ...

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Banks borrow N12 trillion from CBN in six months

CBN signals end to official rate regime for naira

Emefiele begins his second term in office today Pays N8.2b interest rate to apex bank, lends N20tr The nation’s Deposit Money Banks have made frequent visits to the facilities’ window of the Central Bank of Nigeria (CBN) in the last ...

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NRC Interviews Over 50,000 Applicants In Secret Recruitment Exercise

NRC Interviews Over 50,000 Applicants In Secret Recruitment Exercise

· Applicants queue for interview until 10pm · How OBJ Masked Virgin Nigeria As National Carrier By Kenneth Jukpor, Okuneye Moyosola & Effi Alphonsus Over 50,000 Nigerians stormed the offices of Nigerian Railway Corporation (NRC) in Kaduna, Enugu and Lagos, in what ...

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How To Communicate Underwater Using Sounds

How To Communicate Underwater Using Sounds

Shippers Guide is the learning page of MMS Plus. Here we answer the five W’s and H of several issues in the shipping industry. This week’s edition focuses on the uses of sound in communication, navigation and transmission of data underwater. ...

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BEARS: PENGASSAN Mourns

BEARS: PENGASSAN Mourns

We commiserate with the families of the President, Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Mr. Francis Johnson as well as the members and leaders of PENGASSAN who died last week Friday . During his lifetime, he ...

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NERC And Prepaid Meter Dilemma

NERC moves to address 57% meter deficit

Nigerians anticipate the provision of new card reading meters to consumers to alleviate the problems of excessive billings under the connotation of ‘estimated billing’ among other sharp practices in the nation’s power system. The Nigerian government was compelled to implement ...

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Nigerians Can Enjoy Insurance Packages Irrespective Of Class- Ochulor

Nigerians Can Enjoy Insurance Packages Irrespective Of Class- Ochulor

By Kenneth Jukpor Ms Pauline Ochulor works in the Marine Insurance department of KBL Insurance. In this interview with MMS Plus, she bares her mind on the development of insurance business in Nigeria over the years. Pauline also explains the ...

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Amaechi’s Scorecard As Transport Minister

Amaechi’s Scorecard As Transport Minister

By Kenneth Jukpor A new presidential administration has begun and all Ministers in the old era have dropped their portfolios. For the Ministry of Transport, there’s a lot of anxiety as everyone looks to see if the fiery Minister, Hon. ...

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Kaduna Refinery Remains Idle For 12 Months- NNPC

NNPC picks 15 firms to supply Nigeria 14b litres of petrol

The Kaduna Refining and Petrochemical Company did not refine any crude oil from February 2018 to January this year, the latest data obtained from the Nigerian National Petroleum Corporation showed. The Port Harcourt Refining Company was idle from July 2018 ...

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