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Author Archives: mms plus

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Curbing Illegal Charter Operations

Illegal charter operations pose a serious safety hazard to the traveling public as well as the aviation sector. Illegal charters can take a variety of forms including companies that don’t have the required certificates; use aircraft that are not on ...

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How To Do 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 also knows as soya beans. A small farmstead cannot go wrong growing this plant. A soybean is viable ...

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NPA Reiterates Commitment To Guarantee Business Friendly Port Environs

NPA Calls For Review Of Border Posts Regulation

The Nigerian Ports Authority (NPA) has reassured port stakeholders that the organization is working tirelessly to ensure that the ports environment is business friendly to encourage investments and allow seamless operations at the ports. The General Manager, Corporate and Strategic ...

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Small Arms Commission Can Generate N6tn Annually – IMAN

The Director-General, National Task Force and President of Importers Association of Nigeria, Mr. Emmanuel Okereke, has said that the National Commission for Prohibited Imported Items, Small Arms and Light Weapons and other Related Offences, when established by law, will generate ...

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Nigerian Breweries To Raise N15bn Through Commercial Papers

Nigerian Breweries To Raise N15bn Through Commercial Papers

Nigerian Breweries Plc is seeking to raise up to N15bn in the first and second series of its N100bn commercial paper programme to support its short-term funding requirements. The company is offering 11.59 per cent and 14.43 per cent yield ...

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Lagos Water Corporation To Increase Daily Production Capacity

Lagos Water Corporation has revealed plans to increase its water production capacity to 492 million gallons per day by the year 2023 to close the water demand gap significantly. The Managing Director, LWC, Mr. Muminu Badmus, while speaking at the ...

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PTAD Pays Pensioners N102.8bn In 15 Months

Lagos To Pay N1.5bn Accrued Pensions

Between January 2018 and March 2019, a total of N102.82bn was paid by the Federal Government through the Pension Transitional Arrangement Department to pensioners in the public sector. The Executive Secretary, PTAD, Sharon Ikeazor, disclosed this in a speech delivered ...

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CRFFN Commends Customs For Streamlining Taskforce Units At Ports

AfCTA: CRFFN To Explore Roles Of Freight Forwarders

The Registrar of the Council for the Regulation of Freight Forwarding in Nigeria, CRFFN Barrister Samuel Nwakohu has commended the strides and efforts of the Nigeria Customs Service (NCS) to entrench sanity in the nations Ports in order to guarantee ...

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Customs Officers Decry Inadequate Accommodation At Seme Border

Customs Arrests 2 APM Terminals Workers Over Tramadol Theft

* As four, five officers share single rooms By Kenneth Jukpor Officers of the Nigeria Customs Service (NCS) have lamented over the limited accommodation provision at the Seme border command where four or more officers are made to share one ...

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Q1 Report: How Shippers’ Council, NIWA, NAMA, NCAA Fared

Q1 Report: How Shippers’ Council, NIWA, NAMA, NCAA Fared

By Kenneth Jukpor & Okuneye Moyosola MMS Plus presents the scorecard of transport sector agencies based on their performance in the first quarter of 2019 with regards to their core functions. In this week’s appraisal we x-ray the National Inland ...

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SIFAX Group Launches New Financial Services Subsidiary

SIFAX Group Launches New Financial Services Subsidiary

·  Appoints Abitoye as General Manager SIFAX Group has launched a new subsidiary, Sky Capital and Financial Allied International Limited, as part of efforts to take full advantage of emerging opportunities in the financial sector in the country and across ...

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Bulls run pushes market indices further by N58b

Profits Of Consumer Goods Firms Drop By N38bn

The Nigerian equity market trading session extended positive outlook, as investors’ wealth increased by N58 billion on high capitalised stocks. Yesterday, the All- share Index (ASI) gained 154.20 absolute points, representing a growth of 0.53 per cent to close at ...

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Nigeria, others to benefit from $100 billion BRI initiative

Nigeria, others to benefit from $100 billion BRI initiative

Nigeria and two other African countries have been selected to benefit from the Belt and Road Initiative (BRI) in excess of $100 billion. The BRI, an initiative of the Chinese government, offers an infrastructural development and investment opportunities in over ...

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Stop illegal stamp duty deductions now, private sector tells banks

Stop illegal stamp duty deductions now, private sector tells banks

The Organised Private Sector (OPS), has called on the Federal Government to order the Central Bank of Nigeria (CBN), and the Nigerian Postal Service (NIPOST), and stop “the systematic defrauding” of millions of Nigerians through illegal deduction of stamp duty ...

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Virgin Atlantic unveils state-of-the-art A350-1000 aircraft

Virgin Atlantic Appoints New Commercial Manager In Nigeria

Virgin Atlantic, yesterday, in London, unveiled a state-of-the-art cabin for its new Airbus A350-1000 aircraft. The business class section, which Virgin Atlantic calls, “Upper Class”, features brand new suites, and a “social space” called “The Loft”.The carrier operates bars on all ...

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BPE seeks private partnership to bridge $3tr infrastructure gap

DG  BPE  LAUDS  SAHCOL’S POST –CONCESSION  SUCCESS 

The Director-General, Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh, has said the next phase of Federal Government’s Reform and Privatisation Programme will focus on Public Private Partnerships (PPPs) with the view to correcting the infrastructure deficit in Nigeria. Okoh ...

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‘15 agencies, task force units intercept, clear cargoes at ports’

Lagos Port Crisis: Customs Accuse Presidential Taskforce Of Complicity

Despite government’s agenda on ease of doing business, the organised private sector (OPS), has said the practice of having multiple units of the Nigeria Customs Service (NCS), alongside other officially approved agencies, getting involved in cargo interception and clearance processes ...

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OPEC sees tighter 2019 market as Nigeria, others defy cuts

OPEC sees tighter 2019 market as Nigeria, others defy cuts

…Nation’s production below budget benchmark Organisation of the Petroleum Exporting Countries (OPEC), has forecast a much tighter market in 2019, and has seen its production fall significantly this year, led by curbs to Saudi Arabian output along with dramatic, involuntary ...

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Government to end cabotage waivers, eyes ship production in 2024

‘Manpower development germane for critical skills in maritime industry’

• Content board mulls N61 billion credit for industry • Nigeria’s sovereign wealth fund worst managed, says IMF  The Federal Government has begun moves to end granting of cabotage waivers nationwide.To this end, a five-year plan was yesterday launched in ...

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Government claims nation’s N24.38tr debt profile sustainable

Government claims nation’s N24.38tr debt profile sustainable

To pay N1.3b claims to 497 relatives of deceased civil servants The Federal Government stated yesterday that there was no cause for alarm over the country’s rising debt profile. Nigeria’s total debt profile as at December 31, 2018 was N24.387 ...

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