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Author Archives: mms plus

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Hope for new minimum wage in third quarter dims

Hope for new minimum wage in third quarter dims

The optimism that greeted the inauguration of the tripartite committee is gradually fading, as early signs that a new minimum wage will come into effect in the third quarter of this year disappeared. Minister of Labour and Employment, Dr Chris ...

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Airlines target N12.2 trillion profit in 2018 amid slow growth

Managing Fake Travel Agencies With Technology

The International Air Transport Association (IATA) yesterday announced its expectation for airlines to achieve a collective net profit of N12.2 trillion ($33.8 billion), being 4.1per cent net margin, in 2018. IATA, the global clearing house for over 280 airlines around ...

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EODB in jeopardy at seaports as agencies flout order

EODB in jeopardy at seaports as agencies flout order

• NPA threatens to report erring officials to presidency • Clearing agents want govt to declare state of emergency  The Presidential policy on Ease of Doing Business at seaports across the country seems to have failed as many of the ...

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Airline operators uneasy over new national carrier

Airline operators uneasy over new national carrier

• Worry over unfair competition • Fears are baseless, says aviation expert The proposed take-off of a new national carrier in December is unsettling airline operators, with many fearing their investments and operations may crash. They argued that the move ...

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SEC Proposes Fiscal Incentives for Listed Firms to Deepen Market Participation

SEC Proposes Fiscal Incentives for Listed Firms to Deepen Market Participation

• Fears it may become docile if firms turn away from capital market The Securities and Exchange Commission (SEC) has advocated some measure of fiscal incentives for listed companies on the Nigeria Stock Exchange (NSE) to mitigate their cost burden and ...

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Banks’ Borrowing from CBN Window Surges

Manufacturing index closed March at 56.7 points – CBN

Commercial and merchant banks in the country visited the Central Bank of Nigeria’s (CBN) Standing Lending Facility (SLF) window, a window for banks to borrow from the CBN more frequently in 2017, compared with the previous year, due to the ...

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NNPC: No Plan to Pay N36bn Compensation to Port Harcourt Refinery Host Community

NNPC: No Plan to Pay N36bn Compensation to Port Harcourt Refinery Host Community

• Report: Oil thieves forced 150,000bpd Nembe creek trunk line to shut down for 122 days in two years The Nigerian National Petroleum Corporation (NNPC) yesterday dismissed insinuation that it planned to pay N36 billion compensation allegedly due to Alesa-Eleme community ...

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Electricity: Gencos Tackle TCN over Allegation of Falsified Generation Capacity

Electricity: Gencos Tackle TCN over Allegation of Falsified Generation Capacity

Electricity generating companies (Gencos) yesterday said they do not get paid by Nigeria’s electricity market on the basis of their available generation capacities but only on delivered capacities to the national grid. They said this was unlike what obtained in ...

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FG Begins Implementation of New Tariffs on Alcohol, Cigarettes Today

FG Begins Implementation of New Tariffs on Alcohol, Cigarettes Today

• Group heads to court The recently approved excise duty for alcoholic beverages and tobacco will take effect today. President Muhammadu Buhari had approved the amendment to the excise duty rates in March. However, a non-gover-nmental organisation, Business Renaissance Group, has asked the Federal ...

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Over $2.4billion Paid Into CVFF Since 2004

Over $2.4billion Paid Into CVFF Since 2004

• Amaechi unwilling to disburse CVFF  • Six Stakeholders benefit from $700Million NCI Fund By Kenneth Jukpor While the mystery surrounding the inability to disburse the Cabotage Vessel Financing Fund (CVFF) lingers and the actual amount in the Fund remains unknown, ...

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Addressing Nigeria’s Maritime Resource Deficiency

Addressing Nigeria’s Maritime Resource Deficiency

By Kenneth Jukpor Over the years, Nigeria has made efforts to correct the infrastructural deficits at the ports, policy adjustments as well as the security challenges in the coastal areas; however, a recurring problem which has only received lip service ...

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I LEARNED HE NEVER REALLY LOVED ME

I LEARNED HE NEVER REALLY LOVED ME

I don’t know why I answered my ex’s text message last weekend. I guess I was bored because my love life is more or less nonexistent. I also hadn’t heard from him in a while, and the curious part of me ...

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Our Strategies At Achieving Railway Revitalization In Nigeria – Amaechi

Our Strategies At Achieving Railway Revitalization In Nigeria - Amaechi

In this chat with journalists during a recent tour to the Papalanto railway station to inspect the ongoing Lagos-Ibadan standard gauge railway project, Minister of Transportation, Rt. Hon. Rotimi Amaechi and his counterpart at the Information and Culture Ministry, Alhaji ...

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Investment Opportunities In Soybean Production and Export

Investment Opportunities In Soybean Production and Export

One of the crops in which Nigeria has comparative advantage and one that will remain profitable for a long time is soybeans. A small farmstead cannot go wrong growing this plant. Soybeans is viable because it has good prospects as ...

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BEARS: Inefficient Nigerian Seaports

BEARS: Inefficient Nigerian Seaports

The cumbersome transaction processes plaguing the nation’s maritime sector continued to attract negative reviews as the Lagos Corridor Organization, was reported to have reached the conclusion through a survey it carried out on Apapa and Tin Can Island ports in ...

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Competitive Intelligence: Understanding Your Competitive Position

How to Use Business Ethnography

Your business doesn’t exist in a vacuum. Whatever sector you operate in, and however unique your selling proposition, there will always be other businesses competing for customers in your field. A competitor is a rival company operating in the same ...

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CBN levies banks N1b collateral to participate in OTC trade

CBN levies banks N1b collateral to participate in OTC trade

The Central Bank of Nigeria (CBN) has directed the nation’s Deposit Money Banks to pledge N1 billion worth of government securities in their portfolio to participate in the Over-The-Counter (OTC) trade settlement. According to the apex bank, the move was ...

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FG Engages Qatar, Airbus for National Carrier Establishment

FG Engages Qatar, Airbus for National Carrier Establishment

Despite the uncertainties surrounding Nigeria’s plan to establish a national carrier by December this year, Middle East carrier, Qatar Airways has been engaged to be the core investor and Airbus to be the provider of aircraft that would feed the ...

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NNPC Gets Presidential Approval to Review PSC Agreements

NNPC Gets Presidential Approval to Review PSC Agreements

The Nigerian National Petroleum Corporation (NNPC) Thursday disclosed that President Muhammadu Buhari had given it the approval to undertake a review of all Production Sharing Contracts (PSCs) between it and its various partners to reflect the current realities in the ...

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Our Economy Has Recorded Significant Growth in Agriculture, Manufacturing, Says Osinbajo

Our Economy Has Recorded Significant Growth in Agriculture, Manufacturing, Says Osinbajo

Explains why Nigeria didn’t sign AfCTA agreement Vice President Yemi Osinbajo has revealed that the Nigerian economy has recorded significant improvement in the areas of agriculture and manufacturing, since it came out of recession. The vice president who spoke at ...

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