Home / Author Archives: mms plus (page 242)

Author Archives: mms plus

Copyright MMS Plus. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from Kings Communications Limited.

NERC Slashes Electricity Tariff by 50 percent

NERC Slashes Electricity Tariff by 50 percent

The Nigerian Electricity Regulatory Commission (NERC),  yesterday announced the reduction of electricity tariff by over 50 per cent, saying customers are not supposed to be billed for collection loss. Recall that the tariff was hiked on 1st January this year, on ...

Read More »

Nigeria, Cameroon Undertake Oil Spill Communication Exercise

Nigeria, Cameroon Undertake Oil Spill Communication Exercise

Nigeria and Cameroon yesterday simultaneously commenced a two- day bilateral exercise aimed at testing lines of communication between both countries in the event of an oil spill. The exercise which is a key innovative feature introduced to enable oil spill ...

Read More »

BEARS: Agbero Police

Bears: Aviation Security Poser!

A police woman was seen hanging on a moving truck last week, negotiating with the driver on how much she would collect for no job done. The scene was at barracks b/stop Apapa where Traffic Wardens direct traffic. As the ...

Read More »

Oando Energy Resources begins production offshore Nigerian field

Oando Energy Resources begins production offshore Nigerian field

OER holds a 40 per cent working interest in the field. As technical services provider, OER, together with the operator and 60 per cent owner Network Exploration and Production Nigeria Limited (NEPN), worked on the field from conceptualisation, through development, ...

Read More »

NPA BOSS Reiterates Need for Monitoring and Compliance

NPA BOSS Reiterates Need for Monitoring and Compliance

The Managing Director of Nigerian Port Authority (NPA) Mallam Habib Abdullahi reiterated that Monitoring and Compliance are critical, if efficiency of service was to be achieved in the ports. Speaking at an event tagged Monitoring and Compliance. The experience of ...

Read More »

Terrific Titi

Mrs. Titi Osuntoki is Executive Director, Business Banking Division. She is a highly qualified and experienced banker with over two decades of experience cutting across all facets of banking. She was previously an Executive Director of Guaranty Trust Bank Plc ...

Read More »

Mass Retrenchment Looms In The Port

Mass Retrenchment Looms In The Port

Minister Charges Terminal Operators On Compliance NPA Workers Set For Showdown With Govt. The sliding value of the naira and low import volume into Nigeria may spell doom for the country as there are indications that terminal operations may down ...

Read More »

Customs Waivers: What Does It Do?

Customs Weaver: What Does It Do?

The whole essence of waivers granted by the Federal Government through the Federal Ministry of Finance is to help galvanise,  nourish and irrigate indigenous firms whose financial stands are not yet firmly rooted. It sometimes serves as a means of ...

Read More »

Govt Should Hand Off Oil For Private Sector – Vincent

Passing PIB Without Re-Draft Counter-Products - LCCI

Mr. Vincent Nwani, is the Director of Research and Advocacy, Lagos Chamber of Commerce and Industry (LCCI).In this interview with Emeka Chukwuaku, he talks about the causes of the recent fuel scarcity, the implications of further reduction of pump price ...

Read More »

Experts Warn Against Further Reduction in Pump Price

Experts Warn Against Further Reduction in Pump Price

Those clamouring for further reduction in fuel pump price in the country have to desist from that as experts have warned that further reduction of fuel pump price would only enrich oil marketers at the detriment of everybody. Speaking exclusively ...

Read More »

CBN to assist young Nigerians own assets

CBN To Borrow N129bn Via Treasury Bills

The Central Bank of Nigeria on Wednesday said it would increase the financial capability of young Nigerians to enable them build and accumulate assets to secure their future. The CBN Governor, Mr. Godwin Emefiele, disclosed this in a keynote address ...

Read More »

BULLS: Beware NPA!

BULLS: Hadiza It!

The encomiums, accolades, showered on the Nigeria Port Authority this week at the monitoring and compliance conference were so much but deservedly merited, considering that they have done considerably well in the last two to three years. However when encomiums are ...

Read More »

Farinto Condemns Shipping World’s Publication On Dikko

Farinto Condemns Shipping World's Publication On Dikko

A maritime consultant and Managing Director (MD) of Wealthy Honey Investment Ltd., Dr. Kayode Farinto has appealed to the President of the Federal Republic of Nigeria, Dr. Goodluck Ebele Jonathan to call on his kits and kins against casting aspersions ...

Read More »

President may lose Power of Granting Oil Licences

President may lose Power of Granting Oil Licences

Indications have emerged that the President might lose his power of granting oil licences. This was as result of the conclusion reached by the House of Representative Ad-Hoc Committee on the Petroleum Industry Bill on Thursday to strip the president his ...

Read More »

National Assembly Approves 2015-2017 Expenditure Framework

National Assembly Approves 2015-2017 Expenditure Framework

The Senate in plenary yesterday approved the harmonised version of the 2015-2017 Medium Term Expenditure Framework and Fiscal Strategy Paper. The level is well below the finance ministry’s proposal of $65 per barrel at the end of last year, due ...

Read More »

Nigeria’s Foreign Trade Drops Further to N5.74trn in Q4

Nigeria's Foreign Trade Drops Further to N5.74trn in Q4

Nigeria’s total external merchandise trade further decreased to N5.74 trillion in the fourth quarter of  2014 compared to N6.29 trillion in the previous quarter, according to the National Bureau of Statistics (NBS). Nevertheless, the country’s overall external trade stood at ...

Read More »

Energia, Others Plan 30,000 BPD Refinery

Energia, Others Plan 30,000 BPD Refinery

Energia Nigeria limited, a Joint Venture Operator of the Ebendo/Obodeti Marginal Field, has concluded plans to build 30,000 barrels per day (bpd) refinery with its partners to reduce the impact of fuel importation in the country. The refinery, which the ...

Read More »

Power Sector: Federal Govt to Implement Local Content Policy

Power Sector: Federal Govt to Implement Local Content Policy

The Federal Government has extended the implementation of the Nigerian content policy to the power and information technology sector as a result of the progress recorded in the oil and gas industry so far. The Executive Secretary of the Nigerian ...

Read More »

Who Blinks First?

Who Blinks First?

The last has not been heard of the ongoing feud between the All Progressives Congress (APC) and Nigeria Maritime Administration and Safety Agency (NIMASA). Fresh damming facts have continued to emerge as both parties engage in verbal war and the ...

Read More »

Customs To Track Officers Mounting Illegal Road Blocks

Customs To Track Officers Mounting Illegal Road Blocks

Wields Big Sticks On 23 Officers The Comptroller General of Customs (CGC), Abdullahi Dikko Inde has said that the Nigeria Customs Service is set to go after officers mounting illegal road blocks even as it has sanctioned 23 officers of ...

Read More »