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Author Archives: mms plus

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NAGAFF Commends SON On PAM Initiative

NAGAFF Commends SON On PAM Initiative

The National Association of Government Approved Freight Forwarders (NAGAFF) has commended Standards Organization of Nigeria (SON) on the proposed introduction of the Product Authentication Mark (PAM). This was contained in a letter of commendation sent to the SON’s Director General ...

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Why we are phasing $5.5bn foreign borrowing – DMO

Why we are phasing $5.5bn foreign borrowing – DMO

The Debt Management Office on Wednesday explained that the Federal Government could not raise $5.5bn as contained in the borrowing plan approved by the National Assembly in a single tranche despite the thirst for it in the market in order ...

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Unilever Educates Community Dwellers On Oral Hygiene

Unilever Educates Community Dwellers On Oral Hygiene

Unilever has restated its commitment to the health and well-being of community dwellers in the country. The President, Unilever Africa, Bruno Witvoet, made the commitment during a social mission and community outreach tagged “Perfect City Community Outreach’ in Ken-Ade Private ...

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Nigeria loses IMO Category C Council Election, Again

Nigeria loses IMO Category C Council Election, Again

Nigeria has again lost its bid to make the Category C of the International Maritime Organisation(IMO) Council in the just concluded Council election which took place on Friday in London. Nigeria with 98 votes and Algeria, 94 votes   were the ...

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Kachikwu: Oil Revenue May Not Fund Nigeria’s Budget in 20 Years Time

Kachikwu: Oil Revenue May Not Fund Nigeria’s Budget in 20 Years Time

OPEC favours institutionalising re-balancing pact with non-member Nigeria may not be able to fund the expenditure proposals in its national budget majorly with monies earned from sale of its crude oil in about 20 years from now, the Minister of ...

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Senate Postpones MTEF Passage over Fears on OPEC Oil Cuts

Senate Postpones MTEF Passage over Fears on OPEC Oil Cuts

Senators caution against rising debt profile The Senate Thursday postponed the consideration and passage of the 2018-2020 Medium Term Expenditure Frame work/Fiscal Strategy Paper (MTEF/FSP) to next Tuesday, to await the outcome of the meeting of the Organisation of Petroleum ...

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OPEC Caps Nigeria, Libya’s Oil Output at 2107 Levels, Extends Production Cuts

OPEC Caps Nigeria, Libya’s Oil Output at 2107 Levels, Extends Production Cuts

Oil price hits $64 per barrel Kachikwu explains exemption from production cuts The Organisation of Petroleum Exporting Countries (OPEC) Thursday took a decision to cap the output of Nigeria and Libya at 2017 production levels without deciding on the figures. ...

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UBA Emerges First Nigerian Bank to Win African Bank of the Year Award

UBA Emerges First Nigerian Bank to Win African Bank of the Year Award

Pan-African financial institution, United Bank for Africa (UBA) Plc, has once again proven its leadership on the continent, as The Banker magazine has crowned the bank ‘African Bank of the Year 2017’. The award was a first for Nigeria as ...

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Emefiele: Our Worst Days Behind Us

Emefiele: Our Worst Days Behind Us

Says CBN reviewing framework to help youth create jobs Soludo canvasses collective solution to national challenges Ndubuisi Francis in Abuja and Christopher Isiguzo in Enugu The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has affirmed that ...

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SAHCOL Wins GNPN Award As 2017 Best Aviation Handling Company

SAHCOL Wins GNPN Award As 2017 Best Aviation Handling Company

The Skyway Aviation Handling Company limited, SAHCOL has been honoured with the Grassroots Newspapers Publishers Network Award, as “Best Aviation Handling Company of the year 2017.” The award was presented to the Managing Director of SAHCOL, Rizwan Kadri, in his ...

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NEITI: FG, States, LGs Shared N4.55tn in Nine Months

NEITI: FG, States, LGs Shared N4.55tn in Nine Months

A total of N4.545 trillion was disbursed as FAAC allocations between January and September 2017, according to the latest Quarterly Review of the Nigeria Extractive Industries Transparency Initiative (NEITI). Out of this amount, N1.757 trillion was shared in the third ...

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2018 Budget: Saraki Queries Rising Recurrent Expenditure

2018 Budget: Saraki Queries Rising Recurrent Expenditure

Senate may pass MTEF today •Bill mandates IOCs to remit 3% of budget for N’Delta development The Senate President, Dr. Bukola Saraki, has expressed worry over the rising recurrent expenditure as being observed in the 2018 N8.612trillion Appropriation Bill. Saraki ...

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FG Declares Friday Public Holiday for Maulud

The federal government has declared December 1, 2017 as public holiday to mark the Eid-el-Maulud celebration. The Minister of Interior, Lt Gen. Abdulrahman Bello Dambazau (rtd), who made the declaration on behalf of the federal government, enjoined all Muslim faithful ...

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FG Approves N1.5bn Advert Bill to Drive $1bn Tax Revenue

Oando probe: I won’t succumb to blackmail, Adeosun

Okays N421.3m for whistleblowers  Gives nod on payment of N1.7bn to Gurara dam contractor In pursuit of its vision to diversify the economy and discourage Nigeria’s reliance on oil as the mainstay of the economy, the Federal Executive Council (FEC) ...

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Hungary Interested in Buying Nigeria’s Crude Oil, LNG, Says NNPC

Hungary Interested in Buying Nigeria’s Crude Oil, LNG, Says NNPC

The Nigerian National Petroleum Corporation (NNPC) wednesday said it could add a new buyer to its list of customers for Nigeria’s crude oil blends and Liquified Natural Gas (LNG) following indications from the Hungarian government that it is interested in ...

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SEC DG, Gwarzo Suspended over Financial Impropriety, EFCC Joins Probe

SEC DG, Gwarzo Suspended over Financial Impropriety, EFCC Joins Probe

The federal government has announced the suspension of the Director-General (DG) of the Securities and Exchange Commission (SEC), Mr. Mounir H. Gwarzo, to allow for an unhindered investigation of several allegations of financial impropriety levelled against him. Among others, Gwazo ...

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NNPC Targets $5bn Cash-for-Crude Prepayments

NNPC Targets $5bn Cash-for-Crude Prepayments

OPEC, Russia set for oil cut extension Cartel to discuss output caps for Nigeria, Libya The Nigerian National Petroleum Corporation (NNPC) is targeting up to a $3.5-$5 billion cash-for-crude prepayments from some of the world’s top commodity traders to fund ...

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FG Urged To Create National Hydrographic Commission

FG Urged To Create National Hydrographic Commission

The Federal Government has been advised to establish a National Hydrographic Commission, in order to drive policies on hydrography for full utilization of hydrographic surveys to benefit the nation’s economy. The Nigerian Hydrographic Society (NHS), Lagos /South-West Zone, made this ...

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Explosion! Two Die In Chinese  Port Disaster

Explosion! Two Die In Chinese  Port Disaster

Two people were killed and four seriously injured in an explosion in Ningbo, a major port and industrial hub situated in China’s Zhejiang province, on Sunday, November 26, 2017. At least fifteen other people were injured in the blast, the local authorities ...

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TICT Unveils Africa’s First Female Harbour Crane Operators 

TICT Unveils Africa's First Female Harbour Crane Operators 

*NPA MD Celebrates First Set Of Female RTD Operators In Africa A leading container terminal operator, Tin Can Island Container Terminal (TICT) made history as it unveiled the first set of female harbour crane and Rubber Tyre Gantry (RTG) operators ...

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