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Author Archives: mms plus

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W. Africa Crude: High Freight, Rising Supplies Weigh

  High freight rates and rising output of light, sweet oil from Libya deterred buyers in the spot market on Thursday last week, with tens of millions of barrels of crude oil for August still available. Sellers have been struggling ...

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Nigeria’s Seplat Reports First-Half Profit Down 26 pct

Nigeria's Seplat Reports First-Half Profit Down 26 pct

Nigerian oil and gas firm Seplat said last week, its half-year pretax profit fell to $156 million, down 26 percent from $210 million a year earlier. Gross revenue also fell 7 percent to $388 million during the period to June ...

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Apapa: The Journey To Hell

Apapa: The Journey To Hell

Religious clerics, especially of Christian faith, of which I am an adherent, often tell their followers, copiously quoting from the Holy Bible, that two types of life await us after our physical death: Heaven and Hell. Heaven is for the ...

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‘Nigeria’ll Be Among Top 20 Economies By 2030’

'Nigeria'll Be Among Top 20 Economies By 2030’

Nigeria has the potential to be one of the world’s top 20 economies by 2030 with a consumer base exceeding the current populations of France and Germany, according to McKinsey & Co. The country’s economy may expand about 7.1 per ...

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Sambo Flays Commercial Banks’ High Lending Rates

Sambo Flays Commercial Banks' High Lending Rates

Vice-President Namadi Sambo last week flayed the high rate at which commercial banks charge interest rates. This, according to him, hampers small and medium scale enterprises (SMEs) in accessing finance for their operations. He stated this in Saudi Arabia when ...

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CBN Sells N134.9bn Treasury Bills

CBN Unveils Collateral Registry Regulations To Enhance Access To Credit

The central bank disclosed this on last week, a day after the sale. The central bank on sold N34.88 billion in the 3-month paper at 9.84 per cent, compared with 9.95 per cent at the previous auction on July 9. ...

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BULLS: Good Mama Mounts Mast!

BULLS: Hadiza It!

When God decides to rescue His people, He does it using somebody. The new Custom Area Command (CAC) of the Nigeria Customs Service (NCS), Kirikiri Lighter Terminal (KLT) Command, Comptroller Frances Enweruzor is indeed God-sent to the command. Bull appreciates ...

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BEARS: Mistake Of The Hand!

BEARS: SON Goofs

Recently, the Minister of Power, Prof. Chinedu Nebo visited the Apapa Port to appreciate the management of the Nigeria Customs Service (NCS) for the release of 248 containers belonging to the defunct PHCN abandoned in the port since 2003 with ...

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Ka’amuna Ibrahim Khadi

Ka’amuna Ibrahim Khadi

Ka’amuna Ibrahim Khadi is the Deputy House Committee Chairman on Marine Transport. She has endeared herself to the leadership of the House of Reps, Maritime Stakeholders and Nigerians at large, with her exertion of brilliance and intelligence in the discharge ...

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Apapa Gridlock: NARTO Is Ready To Establish A Holding Bay If… (2)

Apapa Gridlock: NARTO Is Ready To Establish A Holding Bay If... (2)

Barr. Emmanuel Gowon, the Executive Secretary of the Nigerian Association of Road Transport Owners (NARTO) in this interview with Segun Oladipupo explained how the traffic gridlock on the Apapa and Tin Can ports roads are caused by government negligence, terminal ...

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Exit of A Petro-Icon: Life and Times of Alhaji Rilwanu Lukman

Exit of A Petro-Icon

The history of the Petroleum Industry in Nigeria cannot be fully told without recourse to the contributions of one man-Alhaji Rilwanu Lukman. The former Petroleum Minister passed away in Vienna Austria on 21st July 2014, but left his indelible footprints ...

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How To Become A Cargo Surveyor

A Cargo Surveyor

Mr Anthony Nwabalogu is the Inspection Manager of Cargo Inspection and Freight Ltd (CIF). He is a professional with vast knowledge of Cargo Survey in the shipping business. In this week’s edition of your Shipper’s Guide, he takes you on ...

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How The Military, MDAs Frustrate Electricity Supply – DISCOs

Power: NERC Issues 126 Licences For 36,040MW

*Germans Proffer Solution Respite came last week to the new power sector investors over the culture of non-payment of electricity bills by government agencies and military formations in the country, following President Goodluck Jonathan’s approval that deductions of such indebtedness ...

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NCS Appoints Sarumi President, As NISA Seeks Jolapamo’s Replacement

NCS Appoints Sarumi President, As NISA Seeks Jolapamo's Replacement

  *Afolabi, Orakwusi, Rhamallam, Others Make Governing Council Seat Chief Adebayo Sarumi, former Managing Director of Nigerian Ports Authority (NPA), was last week appointed the new president of Nigerian Chamber of Shipping (NCS). He took over from the late former ...

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Dana Airline Boosts Operation, Appoints New Head Of Safety

Dana Air Resumes Daily Flights To Owerri

*DVPC Partners Emirates For Expansion The management of Dana Airline operating in Lagos recently appointed a seasoned expert, Louis Spanoghe, as the Head of Safety and Quality Assurance to further boost the operations of the Airline. According to the release ...

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Seme Customs Seizes 5M Worth Poultry Products

Seme Customs Seizes 5M Worth Poultry Products

In continuation of its anti smuggling campaign the Seme Area Command of the Nigeria Customs Service last week made a seizure of prohibited frozen poultry products worth N5million in the bush paths of Seme border. This was disclosed in a ...

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NAGAFF Seeks Payment Of 1% CISS

NAGAFF Seeks Payment Of 1% CISS

The Founder of the National Association of Government Approved Freight Forwarders (NAGAFF), Dr. Boniface Aniebonam has said that activities of the operation unit of the Standard Organisation of Nigeria (SON) is becoming worrisome as they overstep their bounds even as ...

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Vocational Education Provides Gainful Employment – Rector, Crown Maritime Academy

Vocational Education Provides Gainful Employment – Rector, Crown Maritime Academy

The Rector of Crown Maritime Academy, Mr. Martins Okechukwu has advised youths to engage in result-oriented and practical studies in solving issues as a way of tackling the high rate of unemployment in the country. He said this at the ...

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Marine Accident Panel Admits 43 Exhibits, 44 Testimonies From Witnesses

Marine Accident Panel Admits 43 Exhibits, 44 Testimonies From Witnesses

The Federal Government is to incorporate members of the Nigerian Ship-owners Association (NISA) in the formation of the proposed new national shipping line. The Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Patrick Akpobolokemi, who disclosed this recently ...

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30 Days Ultimatum Given To Shell

United Nation Environmental Protection Report

The country’s largest oil-producing company, the Shell Petroleum Development Company (SPDC), has been given a 30-day ultimatum by the Nembe community in Brass Local Government Area of Bayelsa State to shut down its operations for failing to abide by the ...

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