Home / Author Archives: mms plus (page 3)

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.

Hassan Bello, Dakuku, Others Set For 2017 Ports Efficiency Conference

Hassan Bello, Dakuku, Others Set For 2017 Ports Efficiency Conference

Land and Sea International is set to hold the 2017 national conference on ports efficiency  with the Executive Secretary, Nigerian Shippers’ Council (NSC), Mr. Hassan Bello, the Director General, Nigerian Maritime Administration and Safety Agency (NIMASA),  Dr. Dakuku Peterside, among ...

Read More »

Interbank lending rate drops to 20% amid cash squeeze

Interbank lending rate drops to 20% amid cash squeeze

The nation’s overnight lending rate dropped to 20 per cent on Thursday on expectation that a cash squeeze will ease after money market rates more than doubled previous session. The Central Bank of Nigeria has kept liquidity tight to support ...

Read More »

Buhari reappoints Orji NSIA boss

Buhari reappoints Orji NSIA boss

Chiroma emerges Law School new DG President Muhammadu Buhari has reappointed Mr. Uchechi Orji as Managing Director of the Nigeria Sovereign Investment Authority. Orji was first appointed in October 2012 for an initial term of five years, renewable for another ...

Read More »

Fidelity Bank sells $400m bonds with 10.75% yield

Fidelity Bank sells $400m bonds with 10.75% yield

Fidelity Bank Plc sold the highest-yielding Eurobond from emerging markets this year, joining a rush for issuance before higher United States interest rates push up borrowing costs. The lender issued $400m of five-year securities with a 10.75 per cent yield ...

Read More »

NNPC increases exploration in Chad, six other basins

NNPC increases exploration in Chad, six other basins

As part of strategies to shore up the nation’s crude oil reserve base, the Nigerian National Petroleum Corporation on Thursday announced that it was on target with respect to reinvigorating exploratory activities in the seven hydrocarbon basins across the country. ...

Read More »

Establish refinery in Akwa Ibom, NNPC tells investors

NNPC stores two billion litres of petrol for end-of-year movement

The Group Managing Director, Nigerian National Petroleum Corporation, Dr. Maikanti Baru, on Wednesday said he had engaged investors to establish a refinery in Akwa Ibom State. According to him, Akwa Ibom State is well-positioned geographically to have a refinery. “The ...

Read More »

Customs release names of officers with disciplinary cases

Customs release names of officers with disciplinary cases

The Nigeria Customs Service has released names of 247 officers and men of the service who committed various offences and have either been dismissed, demoted, cautioned or forcibly retired. This is the first time the service would release all the ...

Read More »

FG Terminates INTELS Pilotage Contract with NPA

NPA Unveils State-Of-The-Art Modern Pollution Equipment

The Federal Government has directed Nigerian Ports Authority (NPA) to cancel the pilotage monitoring agreement it has with Intels Nigeria Limited. Under the agreement, the integrated logistics provider guides ships coming into the ports and leaving for safety purposes. Recall ...

Read More »

$20m bribery: Indicted foreign company bids for NPA contract

NPA MD Assures Investors On Ease Of Doing Business At Ports

The Economic and Financial Crimes Commission says it is still investigating  the $20m bribery scam involving a company, Dredging International Services (Cyprus) Ltd. and some former officials of  the Nigerian Ports Authority. There were  reports in August that  the Swiss ...

Read More »

OPEC: Nigeria fails to provide oil output figure

OPEC: Nigeria fails to provide oil output figure

Nigeria failed to supply its crude oil production figure for last month to the Organisation of Petroleum Exporting Countries, the group’s latest monthly report released on Wednesday showed. Nigeria regained the Africa’s top oil producer status in May after it ...

Read More »

IMF warns Nigeria, others over rising foreign debts

IMF warns Nigeria, others over rising foreign debts

The International Monetary Fund has warned Nigeria and other oil-exporting countries over rising foreign debts, saying there is a need to make external borrowings sustainable. The Fund, however, commended Nigeria for the recent reforms aimed at reducing infrastructure gap in ...

Read More »

Shut down Apapa port, operators advise FG

Shut down Apapa port, operators advise FG

Against the backdrop of the unbearable gridlock along the Apapa and Tin Can port access roads which has been made worse by the ongoing road rehabilitation work, operators in the maritime sector have urged the Federal Government to shut down ...

Read More »

Viking plans world’s first liquid hydrogen-powered cruise ship

Viking plans world’s first liquid hydrogen-powered cruise ship

Cruise ship owner Viking Cruises has unveiled plans to float a liquid hydrogen-fuelled cruise ship in an effort to develop the world’s first cruise ship with zero-emission technology. Project Manager at the shipping company, Serge Fossati, said the new technology ...

Read More »

Stakeholders urge swift action on cargo scanners

Stakeholders urge swift action on cargo scanners

Sequel to the Nigerian Customs Service (NCS) submission that new cargo scanners would arrive in Nigeria by next year, stakeholders in the sector have called for swift action by the Federal Government to ensure that the timeline is sacrosanct. Irked ...

Read More »

Trucks, tankers barred from roads in Lagos

Trucks, tankers barred from roads in Lagos

Truckers and Petroleum tankers have been barred from parking indiscriminately on Lagos roads, has the stakeholders, in a fresh resolution declared that all tankers, trailers and trucks should remain in truck terminals outside the state. The stakeholders, including the Nigerian ...

Read More »

C&I Leasing seals deal to increase shipping fleet

C&I Leasing seals deal to increase shipping fleet

C&I Leasing Plc has sealed an agreement with the officials of Damen Shipyard and Export Credit Agency for the Netherlands, Atradius DSB. Chief Financial Officer, C&I Leasing Plc, Alex Mbakogu, who confirmed this in a statement, said the agency would ...

Read More »

FG Voids NPA, Intels Pilotage Agreement

FG Voids NPA, Intels Pilotage Agreement

• Says contract was illegal ab initio The federal government has directed the Nigerian Ports Authority (NPA) to terminate the boats pilotage monitoring and supervision agreement that the agency has with Intels Nigeria Limited, a leading integrated logistics and facilities ...

Read More »

President asks N’Assembly to approve $5.5bn foreign loans

Budget: FG to spend N1.16tn more in 2018

President Muhammadu Buhari has written to both chambers of the National Assembly, seeking approval for $5.5bn external borrowing to be used to finance the 2017 Appropriation Act. In the letter dated October 4, 2017, which President of the Senate, Bukola ...

Read More »

Kachikwu, Baru meet, agree on NNPC without political interference

Kachikwu, Baru meet, agree on NNPC without political interference

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu; and Group Managing Director, Nigerian National Petroleum Corporation, Dr. Maikanti Baru, met on Tuesday for the first since their disagreement broke out and agreed on one thing – a petroleum ...

Read More »

FG may ask MDAs to buy local products at higher prices

FG may ask MDAs to buy local products at higher prices

The Federal Government may direct its Ministries, Departments and Agencies to purchase locally made products even at prices up to 35 per cent higher than foreign products. This followed a proposal sent to the Federal Government by the Manufacturers Association ...

Read More »