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Author Archives: mms plus

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FG Finally Releases N739bn Capital Vote to MDAs

FG Finally Releases N739bn Capital Vote to MDAs

Ostensibly responding to the National Assembly’s complaint over the low implementation of the capital component of the 2017 Appropriation Act, the Ministry of Finance Wednesday finally released N739 billion to the ministries, departments and agencies (MDAs) of the federal government. ...

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Innoson Boss, Chukwuma, Rejects His Release by EFCC

Innoson Boss, Chukwuma, Rejects His Release by EFCC

Senate, Ohanaeze youths, others condemn his arrest More than 24 hours after the Economic and Financial Crimes Commission (EFCC) stormed the residence of the chief executive officer and founder of Innoson Vehicles Manufacturing (IVM) Group, Mr. Innocent Chukwuma, and arrested ...

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Bid to Pass 2018 Budget Before Year End Suffers Setback

Bid to Pass 2018 Budget Before Year End Suffers Setback

• Senate pillories MDAs for poor budget defence, tackles Adeosun Efforts by the executive to get the legislature to pass the 2018 Appropriation Bill before the end of the year has suffered a setback at the Senate. The defeat followed ...

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Petrol Scarcity: DPR Unveils Tough Sanctions for Hoarding, Racketeering

Petrol Scarcity: DPR Unveils Tough Sanctions for Hoarding, Racketeering

• Sahara Group inaugurates petrol storage facility in Tanzania As part of the efforts to curb the illegal activities of fuel marketers, which have worsened petrol scarcity across the country, the Department of Petroleum Resources (DPR) has unveiled a new ...

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Only 15% of Budget Has Been Released in 2017, Says Senator Tejuoso

Only 15% of Budget Has Been Released in 2017, Says Senator Tejuoso

As at the end of November, only 15 per cent of funds have been released from the 2017 annual budget across all sectors of government, Chairman, Senate Committee on Health, Senator Lanre Tejuoso, has said. He said the poor release ...

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Appeal Court Upholds Conviction 14 Foreigners for Illegal Dealing in Petroleum Products

Appeal Court Upholds Conviction 14 Foreigners for Illegal Dealing in Petroleum Products

The Court of Appeal in Lagos yesterday dismissed the appeal of the 14  foreigners who were convicted by Justice Ibrahim Buba of Federal High Court for dealing in petroleum products in Nigeria without lawful authority. The convicts were arraigned alongside ...

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NPA Rewards Staff For Excellence

NPA Rewards Staff For Excellence

In a bid to inspire, motivate and encourage its workforce, the management of the Nigerian Ports Authority recently rolled out the drums to celebrate workers for their hard work, dedication and commitment to duty. At the event which was hosted ...

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NIPR Confers Presidential Award On SIFAX Group

NIPR Confers Presidential Award On SIFAX Group

SIFAX Group, a multinational corporation with diverse interests in Maritime, Aviation, Haulage & Logistics, Oil & Gas and Hospitality, has been conferred with the Nigerian Institute of Public Relations (NIPR) Presidential Award. The award, Corporate PR Ambassador of the Year ...

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Dambiscious Dambisa

Dambiscious Dambisa

Dr. Dambisa Moyo is a Global Economist, Author and an Erudite Speaker. Dr. Dambisa is a pre-eminent thinker, who influences key decision-makers in strategic investment and public policy. She is well respected for her unique perspectives, her balance of contrarian ...

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BULLS: Merry Christmas 4rm MMS

Frustration: A Creative Virtue

As the year 2017 draws to an end and in the spirit of yuletide, Kings Communications Limited, publishers of MMS Plus newspapers wishes all friends, partners, subscribers, readers and frenemies the best of celebrations and a prosperous new year ahead. ...

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Again, Meristem Facilitates Huge Transaction in Dangote Cement

Again, Meristem Facilitates Huge Transaction in Dangote Cement

Dangote Cement Plc on Monday recorded another huge transaction as investors staked over N124 billion on about 551 million shares at the stock market. The transaction lifted the overall value of transactions by 1,294 per cent with investors staking N127.933 ...

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Osinbajo: No Journalist Can Make Ends Meet in Nigeria

Osinbajo: No Journalist Can Make Ends Meet in Nigeria

Vice President Yemi Osinbajo on Monday said with their poor remuneration, journalists in the country will find it impossible to live a meaningful life. The vice president, who also lamented the depth of private sector’s disrespect for the implementation of ...

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N16bn Double Budgeting Discovered in Power Ministry’s Budget

N16bn Double Budgeting Discovered in Power Ministry’s Budget

Senate C’ttee queries N205m surplus in NEPZA budget The Senate Committee on Power, Steel Development and Metallurgy has discovered a double allocation of N16 billion in the budget of the Ministry of Power, Works and Housing after the allocation for ...

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DMO DG: FG to Concentrate on External Borrowings to Service Nigeria’s Debts

DMO DG: FG to Concentrate on External Borrowings to Service Nigeria’s Debts

The Director-General (DG) of the Debt Management Office (DMO), Ms. Patience Oniha, Monday said the federal government would focus more on external borrowings, to reduce the country’s debt service. Oniha told the News Agency of Nigeria (NAN) in Lagos that ...

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Oil Prices Rise as PENGASSAN Strike, North Sea Pipeline Threaten Supply

Oil Prices Rise as PENGASSAN Strike, North Sea Pipeline Threaten Supply

• Union suspends planned strike but petrol scarcity to persist as depots run out of stock Oil prices edged higher again Monday as a planned workers’ strike in Nigeria’s oil and gas industry and the North Sea pipeline outage threatened ...

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FG Orders Dangote, BUA to Vacate Disputed Mining Site in Edo

FG Orders Dangote, BUA to Vacate Disputed Mining Site in Edo

BUA: We await official communication In order to quell the ongoing war between Dangote Group and BUA Group over the mining rights in Obuh, Okpella, Etsako East Local Government Area of Edo State, the federal government has ordered both companies ...

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FG Begins Implementation of Gas Master Plan, Awards $2.8bn Ajaokuta-Kano Pipeline

FG Begins Implementation of Gas Master Plan, Awards $2.8bn Ajaokuta-Kano Pipeline

The implementation of the Nigerian Gas Master Plan (NGMP) got underway at the weekend as the federal government announced the award of $2,809,522,548.36 gas pipeline contract designed to run from Ajaokuta-Abuja-Kaduna-Kano. Although the Senior Special Assistant to the President on ...

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550MW Ondo IPP Supplies First Electricity to Grid in Q4, 2020

550MW Ondo IPP Supplies First Electricity to Grid in Q4, 2020

Following the federal government’s approval of its power purchase agreement (PPA) with the Nigeria Bulk Electricity Trading Plc (NBET), promoters of the 550 megawatts (MW) capacity Ondo gas-fired Independent Power Project (IPP), have said the plant is projected to supply ...

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Fuel queues return to Lagos, persist in Abuja, others …as oil workers begin strike today

Fuel queues return to Lagos, persist in Abuja, others …as oil workers begin strike today

The lingering petrol scarcity in many parts of the country grew worse on Sunday in Lagos, Abuja, Nasarawa, Kaduna and Niger states as many filling stations were shut. The closure of the filling stations followed threats by members of the ...

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Oando Goes to Court of Appeal, Challenges SEC Sanctions

Oando Goes to Court of Appeal, Challenges SEC Sanctions

Oando PLC has approached the Court of Appeal for the review of sanctions imposed on it by the Securities & Exchange Commission (SEC). Following an investigation into the company, which began in May 2017, the SEC had issued a technical ...

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