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Author Archives: mms plus

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NBS: Four Million Electricity Users Don’t Have Meters

NBS: Four Million Electricity Users Don’t Have Meters

No fewer than 4.1 million of about 7.5 million Nigerians with access to electricity across the country are not meterd by the distribution companies, the National Bureau of Statistics (NBS) has said. The NBS, in its ‘Power Sector Report: Energy ...

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Panic as Dana Air Aircraft Emergency Door Falls Off

Panic as Dana Air Aircraft Emergency Door Falls Off

Passengers were aghast in fear on Wednesday when one of the emergency doors of the Dana Air aircraft conveying them fell off on landing at the Nnamdi Azikiwe International Airport, Abuja. Dana Air in a statement signed by its spokesman, ...

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FG Targets N762.5bn Earnings from $2.5bn Eurobond to Finance Treasury Bills

FG Targets N762.5bn Earnings from $2.5bn Eurobond to Finance Treasury Bills

To save N64bn annually from dollar-backed TBs The federal government wednesday in Abuja said its proposed $2.5 billion Eurobond already approved by the National Assembly would yield N762.5 billion proceeds for the refinancing of treasury bills. According to the government, ...

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Google Ranks Nigeria among Top Three in Global Online Search

Google Ranks Nigeria among Top Three in Global Online Search

A recent research conducted by Google has showed a rapid increase in online search among Nigerians. The research study which ranked Nigeria among the top three countries of the world that spend quality time online in search of various goods ...

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MTN Plans$500m Share Sale in Nigeria

MTN Plans$500m Share Sale in Nigeria

The MTN Group plans to raise about $500 million from the sale of shares in its Nigerian business during the first half of the year, fulfilling the terms of a deal struck with the West African nation to settle a ...

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NPA Generates N299.56bn Revenue In 2017

BULLS: Time Conscious Hadiza

The Management of Nigerian Ports Authority has announced the sum of N299.56bn as generated revenue for 2017 fiscal year. The 2017 revenues exceeded the 2016 figure of N162.20bn by 84.65 percent and it is the highest annual income generated by ...

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Ikeja Customs Impounds Assorted Vehicles, Others Worth 1.6Billion

Ikeja Customs Impounds Assorted Vehicles, Others Worth 1.6Billion

By Oyeniyi Iwakun As a result of intensified operational modalities in combating renewed smuggling tactics, the Federal Operating Unit (FOU) Zone A, Ikeja of the Nigeria Customs Service (NCS) has intercepted various  contrabands with a duty paid value (DPV)  of ...

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RED LININGS

I met Charles some months back. I still remember vividly how it happened. It was the morning I left Lagos for coal camp. I was with my backpack and a heavy suitcase standing at a park very similar to this ...

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Chinese Harbour Engineers Visit Edo Dry Port

Edo Inland Container Depot (ECD) is almost at the point of completion, with facilities ready for use by shippers and even small scale manufacturing firms as it also serve as industrial base especially for export clusters. The Chinese Harbour Engineering ...

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Court Orders Forfeiture of £578,080 Stolen from NIMASA to FG

Court Orders Forfeiture of £578,080 Stolen from NIMASA to FG

Justice Saliu Saidu of the Federal High Court in Lagos has ordered the final forfeiture of the sums of £578,080 found by the Economic and Financial Crimes Commission (EFCC) in the account of a maritime firm, ZAL Marine Limited, domiciled ...

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FG to Launch Fresh Initiative on ERGP to Boost Job Creation Today

FG to Launch Fresh Initiative on ERGP to Boost Job Creation Today

The federal government said on Monday that it would today inaugurate what it termed Joint Working Group for the Economic Recovery and Growth Plan (ERGP) Focus Labs in the State House, Abuja to boost economic growth. A statement by Vice President Yemi Osinbajo’s ...

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Shell Ramps up Oil Production in Bonga Field after Shutdown

Shell Ramps up Oil Production in Bonga Field after Shutdown

Kechi, Sosoliso crash survivor on thank you visit to oil firm. Shell Nigeria Exploration and Production Company (SNEPCo) has stated that crude oil production in Bonga deepwater oilfield is “being ramped up gradually” after brief shutdown. This is coming as ...

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Managing Trillions From SLAC Refund

Managing Trillions From SLAC Refund

By Kenneth Jukpor “Surplus wealth is a sacred trust which its possessor is bound to administer in his lifetime for the good of the community” Andrew Carnegie From Andrew Carnegie’s apt saying one can deduce that the trillions of Shipping ...

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2017: Cargo Freight Increased By Over 120%, 2018 May Be Worse

2017: Cargo Freight Increased By Over 120%, 2018 May Be Worse

By Kenneth Jukpor Mr. Olalekan Alabi is the Operation Manager at Advanced Motors and Logistics limted (AML) Terminal. In this exclusive interview with MMS Plus, he bares his mind on several pertinent transport sector issues as well as giving an ...

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Gwarzo: SEC Board Approved Golden Handshake for Voluntary Retirees

Gwarzo: SEC Board Approved Golden Handshake for Voluntary Retirees

The suspended Director-General (DG) of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo, has defended the voluntary retirement scheme for some staff of the commission in 2015 christened the ‘Golden Handshake’, saying the board of SEC approved the exercise. ...

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A’Ibom, NNPC, Dangote, Others to Establish New Power Plant

A’Ibom, NNPC, Dangote, Others to Establish New Power Plant

A new electricity generating company, Qua Iboe Power Plant, expected to gulp more than $1 billion is to be set up at the Qua Iboe Onshore Terminal in Ibeno Local Government Area of Akwa Ibom State. The Akwa Ibom State ...

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Lagos May Lose Slot as Second Busiest Airport in Africa to Cape Town

Lagos May Lose Slot as Second Busiest Airport in Africa to Cape Town

The Murtala Muhammed International Airport (MMIA), Lagos, may likely lose its slot as the second busiest airport in Africa, coming second to OR Tambo International Airport, Johannesburg, because of poor aviation fuel supply and the outrageous price of the product, ...

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FG: Agriculture Has Created Seven Million Jobs

FG: Agriculture Has Created Seven Million Jobs

Over seven million jobs have been created through engagements in the agricultural sector, particularly the Central Bank of Nigeria (CBN) Anchor Borrowers’ Programme, the Minister of Information and Culture, Lai Mohammed, has said. He made this disclosure at the weekend  in ...

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Why FG Promotes Unviable Deep Sea ports

Why FG Promotes Unviable Deep Sea ports

Nigeria Needs Only 2  Multiplicity of  deep seaports “A Fad” — Expert By Kenneth Jukpor & Oyeniyi Iwakun While Federal Government and several state governments are making frantic efforts to woo investors in order to actualize their desire for developing ...

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2017: Grading Transport Sector Agencies 3, How NIWA, NITT, AIB Fared

2017: Grading Transport Sector Agencies 3, How NIWA, NITT, AIB Fared

By Kenneth Jukpor, Oyeniyi Iwakun, Nkem Osuagwu The appraisal of Transport sector agencies continues for the year 2017. The year was one loaded with activities, issues and scandals in the Nigerian Transportation sector; but what did these agencies achieve? Find ...

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