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Author Archives: mms plus

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Sell Discos to new investors, Elumelu tells FG

Sell Discos to new investors, Elumelu tells FG

The Chairman, United Bank for Africa Plc and Transnational Corporation Plc, Mr. Tony Elumelu, has asked the Federal Government to take another look at the power sector by wresting ownership from incompetent private operators and sell the firms to new ...

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We’re using recovered looted funds to finance 2017 budget – Buhari

We’re using recovered looted funds to finance 2017 budget – Buhari

The Federal Government is using part of the funds recovered from those who looted the treasury to finance the 2017 budget, President Muhammadu Buhari has said. Buhari, who spoke at the 22nd Annual Conference of the Association of National Accountants ...

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IMF raises concerns over weakness in Nigerian banks

IMF raises concerns over weakness in Nigerian banks

The International Monetary Fund on Tuesday expressed concerns over weaknesses in Nigerian banks and said that the situation might weigh on economic growth in the medium term. The IMF stated this in its World Economic Outlook report, which was released ...

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Ensure best practices by companies, ICSAN tells SEC

Ensure best practices by companies, ICSAN tells SEC

The Institute of Chartered Secretaries and Administrators of Nigeria has asked the Securities and Exchange Commission and the Nigerian Stock Exchange to map out measures that will ensure best practices by listed companies. The ICSAN stated this at its 2017 ...

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Ogun Customs Uncovers Smugglers Hideouts

Ogun Customs Uncovers Smugglers Hideouts

By Oyeniyi Iwakun In pursuance of its agenda to suppress smuggling and facilitate trade, The Nigerian Customs Service (NCS), Ogun State Command has announced the discovery of some smugglers hideouts in the Ogun forests and impounded eleven assorted vehicles with ...

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NNPC appointment: Agbakoba sues FG for ‘discriminating’ against S’East

NNPC appointment: Agbakoba sues FG for ‘discriminating’ against S’East

A former president of the Nigerian Bar Association, Dr. Olisa Agbakoba (SAN), has sued the Federal Government for allegedly discriminating against the South-East geopolitical zone in its July 5, 2016 appointment into the board of the Nigerian National Petroleum Corporation. ...

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Collect N40bn electricity debts from states, FG charges Discos

Collect N40bn electricity debts from states, FG charges Discos

The Federal Government on Monday charged electricity distribution companies to engage state governments in order to collect the outstanding electricity debt amounting to about N40bn owed by the Ministries, Departments and Agencies of the various state and local governments. It ...

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EFCC charges oil marketers with N7.8bn fraud

EFCC charges oil marketers with N7.8bn fraud

The Economic and Financial Crimes Commission on Monday arraigned two oil marketers and their firms for an alleged fraud of N7.8bn. The defendants – Ogbor Eliot; Godwin Okoronkwo; Danium Energy Services Ltd.; and Petrosol Energy Ltd. – were arraigned on ...

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50 million Nigerians have no electricity, says Osinbajo

Vice President Yemi Osinbajo on Monday said 50 million people out of the nation’s 180 million population have no access to electricity. “Nigeria’s 180 million people, over 50 million have no power,” Osinbajo said in his keynote address at the Financial ...

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Again, CBN Injects $195m into Forex Market

FG sells treasuries to keep naira liquidity tight

The Central Bank of Nigeria (CBN) on Monday continued its intervention in the interbank foreign exchange (forex) market with the injection of $195 million. Figures released by the central bank showed that it offered the total sum of $100 million ...

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Gracious Grace

Gracious Grace

Senator Grace Folashade Bent represented the Southern Adamawa senatorial district in the Senate between 2007 and 2011. Grace is one of the Board of Trustees (BoT) members of Women in Logistics and Transport (WiLAT). She is someone who believes in ...

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2017 African Legal Awards: Nigerian Wins Attorney Of The Year

2017 African Legal Awards: Nigerian Wins Attorney Of The Year

A young Nigerian Attorney, Adaku Ufere has won the “Attorney of the Year” in the 2017 edition of the African Legal Awards. Adaku Ufere is the youngest ever, and first Nigerian winner of the Attorney of the Year award. She ...

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Men and Women with ‘Liver’

Men and Women with ‘Liver’

The Organising Committee for 2017 MMS Hall of Fame induction, conference and awards ceremony was recently inaugurated and charged to move and deliver impactful success. They have since commenced work.   Copyright MMS Plus. All rights reserved. This material, and other digital ...

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EU Restates Commitment to Improving Trade with Nigeria

EU Restates Commitment to Improving Trade with Nigeria

The new European Union Ambassador to Nigeria and ECOWAS, Mr. Ketil Karlsen, has stated that the mutual trade partnership between Nigeria and the EU would be sustained for the benefit of both countries. Karlsen said this in Lagos at the ...

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Oil workers’ planned strike could cost Nigeria N150bn daily – LCCI

LCCI commends female entrepreneurs for tax compliance

The Lagos Chamber of Commerce and Industry has estimated that Nigeria will lose about N150bn daily if the National Union of Petroleum and Natural Gas Workers and the Petroleum and Natural Gas Workers Senior Staff Association of Nigeria should embark ...

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FG Approves Sale of Three NIPP Gencos

FG Approves Sale of Three NIPP Gencos

Three electricity generation companies (Gencos) built by the Niger Delta Power Holding Company (NDPHC) under the National Integrated Power Projects (NIPPs) would soon be sold to private investors in continuation of the 2013 NIPP privatisation that was suspended, the Managing ...

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FAAN, LASEMA sign MoU on emergency rescue

The Federal Airports Authority of Nigeria and the Lagos State Emergency Management Agency have signed a Memorandum of Understanding for access to difficult terrains in cases of air emergencies in distances of about five nautical miles from the airport. The ...

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NNPC: Gas Company Profit Drops By N6.7bn

NNPC: Gas Company Profit Drops By N6.7bn

The Nigerian Gas Processing and Transportation Company Limited (NGPTC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has declared a profit after tax of N15.81 billion for its 2016 trading year, some N6.79 billion less than what it made ...

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We’ll not burden Nigerians with unserviceable debts – Adeosun

We’ll not burden Nigerians with unserviceable debts – Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, has said the thought of saddling future generations with unserviceable debts is not part of the President Muhammadu Buhari-led administration’s agenda. Adeosun stated this in an article entitled, ‘The debt debate: Deconstructing the ...

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Amaechi, Alhassan to storm MMS Hall of Fame

Amaechi, Alhassan to storm MMS Hall of Fame

The stage is set for the 2017 edition of the MMS Plus Woman of Fortune Hall of Fame (WoFHoF) as the Transportation Minister, Rt. Hon. Rotimi Amaechi and the Minister of Women Affairs and Social Development, Sen. Aisha Jumai Alhassan ...

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