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Author Archives: mms plus

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Police’s Interception of Containers: Legal Or Illegal?

Police’s Interception of Containers: Legal Or Illegal?

By Oyeniyi Iwakun One of the major trending issues in the industry is the legitimacy and legality or otherwise of the Nigeria police to intercept containers already examined and cleared by the Customs at the ports. The Assistant Inspector General ...

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How To Enjoy Optimal Fiscal Benefits In Haulage Business

How To Enjoy Optimal Fiscal Benefits In Haulage Business

By Kenneth Jukpor Mr. Adewale Adetayo is the General Manager, SIFAX Haulage & Logistics Limited. During the formal commissioning of twenty new trucks by SIFAX at the SIFAX Bonded Terminal, Okota, Lagos, Adewale granted this interview to MMS Plus. Enjoy it: ...

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BULLS: Ramadan  Mubarak

Bulls: Beautiful Brutality

The management and staff of Kings Communications Limited, publishers of MMS Plus Newspapers and Tycoon Magazine celebrate with our Muslim brothers and sisters on this auspicious season. We wish you all the blessings of the holy month. As you offer ...

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How to Use Business Ethnography

How to Use Business Ethnography

We’ve looked at the methods that ethnographers use to gather data. But how do you structure your research project to achieve the best results? In their 2014 articlefor Harvard Business Review, strategists Christian Madsbjerg and Mikkel B. Rasmussen outlined a process ...

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How to Start a Sesame Seed Export Business in Nigeria

How to Start a Sesame Seed Export Business in Nigeria

When the word “exporting” is mentioned to some Nigerians who are seeking means of making money or investing to yield returns, they back off! Having this mindset that it is for a particular stratum of individuals in business! The Agricultural ...

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BEARS: Strike Palava

BEARS: Fearful Inspector

Aggrieved casual staff at Shell Petroleum Development Company (SPDC) on Thursday grounded operational activities of Nigeria’s largest oil export terminal in Delta state over disparities in their remuneration . The workers who are allegedly termed casual staff of the company ...

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Piping: Solution To Impending Apapa Tank Farm Disaster

Piping: Solution To Impending Apapa Tank Farm Disaster

· Lagos to probe tank farm operators over EIA By Kenneth Jukpor With the multiplicity of tank farms in Apapa posing an impending disaster to the residents and business persons in the port environment, experts have admonished the Federal Government to ...

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Nigeria, Others Lose $160tr Due to Earning Gaps

Nigeria, Others Lose $160tr Due to Earning Gaps

Globally, countries are losing $160 trillion in wealth because of differences in lifetime earnings between women and men. This amounts to an average of $23,620 for each person in the 141 countries studied in a new report by the World ...

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NEITI: Nigeria, Not IOCs, Guilty of Delayed Review of 1993 Oil PSCs Terms

NEITI: Nigeria, Not IOCs, Guilty of Delayed Review of 1993 Oil PSCs Terms

The Nigeria Extractive Industries Transparency Initiatives (NEITI) thursday said it was Nigeria and not the International Oil Companies (IOCs) operating in the country that should be held responsible for the delay or lack of review of the terms contained in ...

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US, Korean Consortium to Invest $10bn in 4,185MW Ebonyi Power Project

US, Korean Consortium to Invest $10bn in 4,185MW Ebonyi Power Project

A consortium of investors from the US and South Korea has offered to invest the sum of $10 billion in the Ebonyi Independent Power Project (EIPP) by the end of September. The investors made commitment to invest in the Nigerian ...

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Currency Swap: CBN to Incentivise Importers Who Tender Chinese Renminbi

Naira Gains as CBN Injects $210m into FX Market

Following the $2.5 billion bilateral currency swap agreement signed last month between the Central Bank of Nigeria (CBN) and the People’s Bank of China (PBoC), the CBN has said it will incentivise importers and traders who tender their invoices in ...

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FOU Ikeja Nabs 12 Suspects, Makes 112 Seizures Worth N1.3 Billion

Ikeja Customs Impounds Exotic Vehicles, Codeine, Other Contrabands Worth N1.12bn

By Oyeniyi Iwakun About 112 different Seizures with the Duty Paid Value of one billion, three hundred and forty five million, five hundred and seventy two thousand, three hundred and thirteen naira has been made by Federal Operations Unit (FOU), ...

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NIMASA takes delivery of N49 billion floating dockyard

NBS Should Input Shipping Services In Nigeria’s Economic Growth - NIMASA DG

• Nigeria to save $100m yearly Nigeria is at the verge of saving as much as $100 million dollars yearly, as the Nigerian Maritime Administration and safety Agency (NIMASA) took delivery of a floating dockyard in Lagos. The facility, rated ...

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Dangote deep-sea pipeline to boost Nigeria’s power generation by 12,000mw

Dangote deep-sea pipeline to boost Nigeria’s power generation by 12,000mw

The Dangote Group’s sub-sea pipeline infrastructure is expected to augment the natural domestic gas supply and add an estimated 12,000 Mega Watts (MW) to Nigeria’s power generation capacity.  Dangote also has plans to construct a 570 MW power plant within ...

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Government cautions IOCs against flouting local content act

Government cautions IOCs against flouting local content act

International oil companies have been urged to stop flouting the Nigeria local content law and thwarting maximum utilisation of Nigerian services and assets. The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, gave the assurance that his ...

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Inflation drops for 16th consecutive month to 11.61%

Inflation drops for 16th consecutive month to 11.61%

The National Bureau of Statistics on Wednesday said the Consumer Price Index, which measures inflation rate, dropped by 0.87 percentage points from 13.34 in April to 11.61 in May. The bureau said this in the CPI report, which was made ...

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Malabu: Italy’s Supreme Court rejects Shell’s appeal

Court orders Shell to pay $3.6bn fine to NOSDRA

Italy’s Supreme Court threw out an appeal by Shell and four of its former managers to stymie a trial on alleged corruption in Nigeria, which also sees Eni’s chief on the bench, legal sources said on Wednesday. The long-running graft ...

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ICYMI: Ghana, others to import fuel from Dangote’s refinery

Dangote inaugurates mega cement warehouse in Dangote inaugurates mega cement warehouse in Owerri

Ahead of the completion of the Dangote Oil Refinery, petroleum importing African nations and bulk oil distributors based in Ghana have expressed eagerness to patronise the Nigerian plant when production starts. The oil buyers said arrangements had been put in ...

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Senegal Holds Dialogue on Oil, Gas

Senegal Holds Dialogue on Oil,Gas

Senegal has launched a national dialogue on oil and gas as it expects to begin export in four years’ time – between 2021 and 2023. President Macky Sall launched the dialogue on Tuesday saying: “As far as I know, Senegal ...

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Breaking!!! Massive Demolition At Apapa As FG Sanitizes Port Environment

Breaking!!! Massive Demolition At Apapa As FG Sanitizes Port Environment

By Kenneth Jukpor As part of efforts to sanitize the nation’s port environment, the Federal Ministry of Environment in collaboration with Lagos State Government is currently demolishing all unapproved shops, kiosks and hangouts in the Apapa port environs. A joint ...

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