Home / Author Archives: mms plus (page 5)

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.

Militants ‘resume attacks’ on pipelines in Niger Delta

Militants ‘resume attacks’ on pipelines in Niger Delta

Suspected militants may have renewed hostilities against oil companies operating in the Niger Delta. For example, a group yesterday claimed it was behind the attack on an oil pipeline at Koluama community in the Southern Ijaw Local Government Area of ...

Read More »

As SAHCO’s N1.8bn Divestment Draws Nigh

As SAHCO’s N1.8bn Divestment Draws Nigh

Skyway Aviation Handling Company (SAHCO) Plc formerly Skyway Aviation Handling Company Limited (SAHCOL), member of the Sifax Group, was incorporated as a private limited liability company on April 22, 2009 in Nigeria to do the business of aviation support services ...

Read More »

Government to spend N1.149 trillion on petrol subsidy in 2019

Government to spend N1.149 trillion on petrol subsidy in 2019

• Integrity Of Subsidy Payment Suspect • Scheme Hits N62 Per Litre • Stakeholders Deplore Opaque Regime, Demand Urgent Explanation • Condemn NNPC’s Hijack Of PPPRA’s Role, Workers Fear Job Loss A princely sum of N1. 149, 385 trillion is ...

Read More »

Customs generate N1.2tn, record 5,235 seizures in 2018

Customs generate N1.2tn, record 5,235 seizures in 2018

The Nigeria Customs Service on Friday said it generated the sum of N1.2tn as revenue for the 2018 fiscal period. The service said this in a statement signed by its Public Relations Officer, Mr Joseph Attah. The statement said the ...

Read More »

Again, government team meets labour over new minimum wage

Again, government team meets labour over new minimum wage

•NLC says January 8 for rallies, not strike Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) are billed to meet a Federal Government team led by the Minister of Labour and Employment, Dr. Chris Ngige, in Abuja tomorrow ...

Read More »

Petrol subsidy hits N2.43b daily

Petrol subsidy hits N2.43b daily

• NNPC takes over calculation from PPPRA The task of determining the daily consumption and subsidy on petroleum products has been taken over by the Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC).The development ...

Read More »

FG provides only N5.12bn for N1.2tr non-oil export debts

FG provides only N5.12bn for N1.2tr non-oil export debts

Despite having a backlog of unpaid incentives for non-oil exporters hovering at about N1.2 trillion, the Federal Government will this year, honour only N5.12 billion of such debts based on provisions made in the 2019 budget. Indeed, there were expectations ...

Read More »

NCRIB lauds NAICOM on policy withdrawal

NCRIB lauds NAICOM on policy withdrawal

The President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Shola Tinubu, has appreciated the Commissioner for Insurance, Alhaji Mohammed Kari and his team for considering brokers’ plea to withdraw the guideline on State Insurance Producer (SIP) policy. He described ...

Read More »

Many travails of maritime sector in 2018

Many travails of maritime sector in 2018

Just like a fresh wind in the early morning cast, Nigeria’s maritime sector oozed towards the anticipation of a fulfilling year. Great, indeed was the journey, but the year 2018 was characterised with many travails that marred the progressive agenda ...

Read More »

‘Crude oil production witnessed nine per cent increase in 2018’

‘Crude oil production witnessed nine per cent increase in 2018’

• NNPC lists sector’s achievements The Nigerian National Petroleum Corporation (NNPC) yesterday said daily crude oil production recorded an upward swing of about 2.09million barrels in the outgone 2018. The increase, which translates to 9 per cent, when compared with the ...

Read More »

2019 budget: Buhari to spend N1bn on travels, N98m on food

2019 budget: Buhari to spend N1bn on travels, N98m on food

The Federal Government budgeted N1,001,318,171 for President Muhammadu Buhari’s local and international travels in the proposed 2019 budget. The budget proposes N250,021,595 for the President’s local trips and N751,296,576 for him to travel internationally. Meanwhile, N83,974,710 was budgeted for Vice-President ...

Read More »

Gencos: Nigeria’s Electricity Market Operating Without Contractual Terms

Gencos: Nigeria’s Electricity Market Operating Without Contractual Terms

Power generation companies (Gencos) in Nigeria have alleged that the Transitional Electricity Market (TEM) does not exist. The TEM was unveiled in 2015. The commercial interactions between operators were expected to be backed with contracts such as the Power Purchase ...

Read More »

Reforms Required to Sustain Macroeconomic Stability in 2019, Says LCCI

Reforms Required to Sustain Macroeconomic Stability in 2019, Says LCCI

Given the challenging economic conditions the country is facing, the Lagos Chamber of Commerce and Industry (LCCI) has stressed that key policy reforms will be imperative to support and sustain macroeconomic stability. In a statement made available to media, the ...

Read More »

Labour Insists on Tuesday Protest over Minimum Wage

Labour Insists on Tuesday Protest over Minimum Wage

•Governors accuse NLC of blackmail The Nigerian Labour Congress (NLC) has said it will proceed with its protest scheduled for Tuesday following the failure of the federal government to make a clear commitment on the implementation of N30,000 minimum wage ...

Read More »

Investors’ interest in bellwethers lift NSE’s index by 1.27 per cent

Market capitalisation drops further by N89b in bearish trading

Investors’ appetite for highly capitalised stocks brought the equities market to a bullish close on the last trading day of the year, as the All-Share Index (ASI) rose by 1.27 per cent. Yesterday, the ASI was rose 392.78 absolute points, ...

Read More »

Nigeria to renew oil blocks’ licences in Q1, says Kachikwu

Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has announced that all oil blocks that are due for renewal would be approved by the first quarter of the year. He said the plan follows the early renewal policy that ...

Read More »

With New Funding, Second Niger Bridge Offers Hope of Economic Revolution

With New Funding, Second Niger Bridge Offers Hope of Economic Revolution

The projected completion of the second Niger Bridge by 2022 is bound to boost the economic potentials of the entire eastern region and the country in general The resurrection of construction activities on the Niger River has again kept hopes ...

Read More »

Threat to Budget Implementation

Threat to Budget Implementation

President Muhammadu Buhari recently presented an appropriation bill of N8.83trillion to the National Assembly for consideration and ratification in pursuit of his administration’s ‘continuity agenda’ in 2019. Media reports that given  falling oil prices  at the international market, the federal government may find ...

Read More »

$8.1bn Refund: The CBN-MTN Drama and Impacts on Investor Confidence

$8.1bn Refund: The CBN-MTN Drama and Impacts on Investor Confidence

In August, the Centra; Bank of Nigeria sanctioned MTN Nigeria over alleged illegal repatriation of $8.1 billion from the country to its parent company in South Africa, in violation of the extant laws and regulations. After an extensive investigation into ...

Read More »

Navy Unveils Measures to End Oil Theft, Pipeline Vandalism

Navy Unveils Measures to End Oil Theft, Pipeline Vandalism

The Nigerian Navy yesterday disclosed that it had increased its surveillance in the country’s maritime domain with the refurbishing of its old vessels and the acquisition of new ones, which would end the rate of oil theft and pipeline vandalism ...

Read More »