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ULC raises alarm over Nigeria’s rising debts

ULC raises alarm over Nigeria’s rising debts

Urges Senate to reject loan request Worried by the Federal Government’s plans to borrow about $2.8 billion from foreign capital, and another $87 million from same resources to refinance already existing debts, the United Labour Congress (ULC) of Nigeria, is ...

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Grow VAT, digital economy revenue, Fowler urges developing countries

Grow VAT, digital economy revenue, Fowler urges developing countries

Chairman of the Federal Inland Revenue Service, Babatunde Fowler, has advised developing countries to grow Value Added Tax and tax revenue from the digital economy to lessen dependence on revenue from natural resources. Fowler, who is also the First Vice ...

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Lawmaker Gives Reasons for Downtime in Oil-Related Restiveness

House Committee Summons NNPC, Others Over Oil Trading Deal

The Chairman of the House of Representatives Committee on Gas Resources, Hon. Fred Agbedi, has given reasons why there is less of oil-related restiveness in parts of the oil-bearing Niger Delta region. According to the lawmaker, the Global Memorandum of ...

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Stocks market reopens bullish, index rises by 0.4%

Stocks market reopens bullish, index rises by 0.4%

The bulls upstaged the bears on the equity sector of the Nigerian Stock Exchange (NSE) yesterday, following price gains recorded by most blue chips, as the All-share index increased by 0.4 per cent. Specifically, at the close of transactions yesterday, ...

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Nigeria fails to provide $127 billion for NIIMP’s infrastructure financing

Nigeria fails to provide $127 billion for NIIMP’s infrastructure financing

Nigeria has fallen alarmingly short on the $127billion estimated required investment to bridge the country’s infrastructure deficit. With the five-year short term plan investment of $127 billion proposed by the National Integrated Infrastructure Masterplan (NIIMP), less than 10 per cent ...

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Truck accidents cost Nigeria N9.8bn in 10 months, says FRSC

Truck accidents cost Nigeria N9.8bn in 10 months, says FRSC

The Federal Road Safety Corps (FRSC) yesterday said that about N9.8 billion was lost in 196 truck accidents recorded across the country since January. Corps Marshal, Dr. Boboye Oyeyemi, disclosed this at the 2018 National Safety Training Programme organised by ...

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NNPC, others silent over United States court’s $6.59 billion gas contract fine

Nigeria to raise oil, condensate outputs in 2019

Absence of institutional framework stalling Nigeria’s progress, say stakeholders The Ministry of Petroleum Resources, the Department of Petroleum Resources (DPR), and the Nigerian National Petroleum Corporation (NNPC), are yet to take a position after a United States court gave a ...

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House to Oppose Sale of Ajaokuta Steel Company

House to Oppose Sale of Ajaokuta Steel Company

The purported renewed move by the federal government to sell the Ajaokuta Steel Company will be met with a stiff resistance by Nigerian lawmakers, particularly members of the House of Representatives, who are already spoiling for a showdown over the ...

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Nigeria to host 90% of extremely poor by 2030, says World Bank

Nigeria’s economy is bleak, says World Bank

The World Bank has predicted that by 2030, about nine out of 10 extremely poor people in the world will live in sub-Saharan Africa, which includes Nigeria and others. The Bretton Woods institution, which gave its forecast in its report ...

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Labour begins indefinite wage strike November 6

Labour begins indefinite wage strike November 6

Unless the Federal Government announces a new minimum wage, organised labour will embark on an indefinite strike from November 6, 2018. “If nothing is responsibly done by the Federal Government to meet our demands, on Monday, the 6th day of ...

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Maritime Police Primes N75m Container Bribe, Calls VP’s Bluff

Maritime Police Primes N75m Container Bribe, Calls VP's Bluff

IGP  gives nod      NSC unveils new truck tariff Maerskline, APMT reject police investigation letters The Maritime Police may have proven that they  have the consent of the Inspector General of Police (IGP), Ibrahim Idris  in the alleged series ...

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3rd Quarter Rating: Shippers’ Council, FAAN, NIWA Below 50%

3rd Quarter Rating: Shippers’ Council, FAAN, NIWA Below 50%

By Kenneth Jukpor MMS Plus presents the scorecard of more transport sector agencies based on their performance in the third quarter of 2018 with regards to their core functions. In this week’s appraisal, we x-ray , Federal Airports Authority of ...

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Why Agents, Truckers Pay N40,000 To Drop Empty Containers – Anyanwu

Why Agents, Truckers Pay N40,000 To Drop Empty Containers -Anyanwu

Mr. Leonard Anyanwu is the Terminal Coordinator of Bollore Transport and Logistics Nigeria Limited. He has over 25 years experience in port operations in the country. In this interview with MMS Plus newspaper, he addresses the multiple challenges facing port ...

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Is MAN Oron Becoming A ‘New Brand’

Is MAN Oron Becoming A ‘New Brand’

“A brand is the set of expectations, memories, stories and relationships that, taken together, account for a consumer’s decision to choose one product or service over another”. – Seth Godin The turbulent times at Maritime Academy of Nigeria (MAN) Oron, ...

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BEARS: Khashoggi- Perils Of Journalism

BEARS: MASS INACTION!!!

As the Saudi Arabian journalist, Jamal Khashoggi has finally been confirmed dead by the authorities in Saudi Arabia, it calls for a sober reflection on the perils and prosecution suffered by the newsmen in the course of the profession. Khashoggi ...

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BULLS: ‘A Lady’ In Sekonte Davies

When Nigeria marked the 70th anniversary of the International Maritime Organization (IMO) with a conference in Lagos, several speakers raised concern that no woman was sitting on the row of key dignitaries at the event. This fact was first pointed ...

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Shittu  Stands 68, Shoots At IMO At 70 In Style

Prince Olayiwola Shittu, former president of the Association of Nigerian Licenced Customs Agents(ANLCA) marked his 68th birthday in style on October 15, 2018 at an impressive ceremony which attracted major players in the maritime industry. The birthday mood had not ended ...

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Notagouze Ngozi

Notagouze Ngozi

Mrs. Ngozi Obikili  is from a stock of an unusual women who found herself in the Nigerian Ports Authority(NPA), where her inclusion  spews hope for the hopeless, who encounters her in person or story. She is a Pharmacist of distinction ...

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Africa’s Disintegration Fueled By Corruption And Lack Of Political Will- Luguje

Badagry, Lekki Ports Can Make Nigeria Hub Port In Africa –Luguje

Corruption and lack of political will on the part of African leaders has been highlighted as the factors militating against efforts to integrate African economies in order to boost regional trade and develop various economies.  The Director General of the ...

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NPA Reiterates Commitment To Safeguard Nigeria’s Territorial Waters

NPA boss advocates enhanced cargo clearance framework

The Managing Director, Nigerian Ports Authority (NPA) Hadiza Bala-Usman has reiterated the Authority’s dedication to collaborate with all port stakeholders responsible for safeguarding the nation’s territorial waters within budgetary limitation. Usman gave the assurance in Lagos on Thursday last week, ...

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