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NBET Owes Electricity Producers N364bn In 10 Months

Gencos petition Presidency, NERC over admin charge

Electricity generation companies are owed N364.11bn by the Nigerian Bulk Electricity Trading Plc for electricity generated, sold and fed into the national grid from January to October last year, latest data from the bulk trader showed on Thursday. The government-owned ...

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Kano Signs $500m Mou With World Bank

World Bank, AFDB To Help Tackle Climate Change, Provides $47.5bn

Kano State Government, on Thursday last week, signed a Memorandum of Understanding with the World Bank and the Federal Government to support medium and small-scale farmers, with a $500m grant. The Permanent Secretary in the State Ministry of Agriculture, Aminu  ...

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Operators Invest N636bn Pension Funds In Banks

Operators Invest N636bn Pension Funds In Banks

The Pension Fund Administrators have invested N636.99bn out of the total pension funds in their custody in banks as of the end of November 2018. This amounted to 7.49 per cent of the funds managed by the pension operators. Figures ...

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MTN Projects 90% Profits Boost Despite Nigerian Regulatory Fine

MTN become public company ahead of share listing

MTN Group says it is expecting an increased profit by as much as 90 per cent in 2018, as the company continues to recover from a regulatory fine in Nigeria. Analysts had predicted that the $8.1bn repatriation demand dispute with ...

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2018: Domestic Flight Operations Increased By 23%

2018: Domestic Flight Operations Increased By 23%

Domestic flight operations rose by 23.7 per cent in 2018, figures obtained from the Nigerian Civil Aviation Authority have shown. The figures obtained by our correspondent showed that domestic airlines operated 59,818 flights from January to December 2018, compared to ...

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Why AIB Wants MOU With Airforce, Navy, Police – Oketunbi

Why AIB Wants MOU With Airforce, Navy, Police - Oketunbi

Mr. Tunji Oketunbi is the General Manager, Public Affairs of Accident Investigation Bureau (AIB). In this interview with MMS Plus newspaper, he speaks extensively on how the agency has been able achieve a lot in recent times even as it ...

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SAHCO Provides Ground Support Equipment To facilitate Port Harcourt Operations

SAHCO Wins Best Ground Handling Company Award

Skyway Aviation Handling Company PLC (SAHCO) has deployed a state-of-the-art Ground Support Equipment (GSE) to boost operations at its Port Harcourt station. Manager, Corporate Communications, Vanessa Uansohia, said in a statement made available to newsmen that the Ground Support Equipment ...

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MMS Hall Of Fame To Mark International Women’s Day, Empower 250,000 Women

MMS Hall Of Fame To Mark International Women’s Day, Empower 250,000 Women

As part of activities to mark the 2019 United Nation’s International Women’s Day (IWD), MMS Woman of Fortune Hall of Fame (WoFHoF) Initiative  is set to organize MMS Hall Of Famers’ Day on the theme;“Innovating  Passion For Sustainable Living: A ...

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BULLS: Meticulous NAFDAC

BULLS: Meticulous NAFDAC

Goodluck Nwadike’s arrest by officials of the National Agency for Food and Drug Administration Control (NAFDAC) in Kano for storing falsified and substandard Tetanus Vaccines leaves a lot to be desired about Nigeria’s medical system and drug control. The vaccines ...

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Fuel import drops as 26 vessels sail to Lagos before mid-March

Vessel owners fault FG, others on freed sailors

Petroleum products imports into Nigeria, slumped as just one of the 26 vessels expected into the Lagos ports between now and March 11, is conveying premium motor spirit (PMS). Latest Shipping Position released by the Nigerian Ports Authority (NPA), and ...

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Baru, in UK, woos investors with Nigeria’s $48b oil, gas projects

Nigeria showcases $48 billion upcoming oil, gas projects to investors

The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, yesterday exposed the international community to the $48 billion oil and gas potential in the country. Speaking on “Future Exploration Hotspots: Opportunities for Africa’s Oil ...

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Passenger traffic slows down after pre-election surge

Reforming Infrastructural Facilities At Nigerian Airports

Air passenger traffic nationwide has recorded sharp decline after last Saturday’s general elections and initial uncertainties over the outcome. Though the incumbent, President Muhammadu Buhari, was yesterday declared the winner, fears of violent reactions appeared to have forced many travelers ...

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Stock market lose N86 billion more as Buhari is re-elected

DMO lists FGN second N100 billion Sukuk on NSE

Following the final declaration of the presidential election results, the Nigerian Stock Exchange (NSE) market capitalisation yesterday, lost additional N86 billion, to close at N12.024 trillion. The market sustained the sliding profile, as the All-share index (ASI) declined by 0.71 ...

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‘Nigeria’s iron ore can generate $60 billion yearly’

‘Nigeria’s iron ore can generate $60 billion yearly’

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), and stakeholders in the mining industry have sought increased investments in Nigeria’s mining sector. Indeed, the stakeholders lamented that despite the huge potential of the sector, it is ...

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NIMASA advocates greater role for African women in maritime

‘Manpower development germane for critical skills in maritime industry’

The Nigerian Maritime Administration and Safety Agency (NIMASA), has expressed its readiness to support initiatives aimed at getting more African women involved in the operations of the maritime industry. Director-General, NIMASA, Dakuku Peterside, who disclosed this during a courtesy visit ...

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Global gas demand to grow 10 per cent by 2030

Global gas demand to grow 10 per cent by 2030

Global demand for gas will grow by around 10 per cent towards 2030, driven by opportunities for gas and need to lower emissions. That is what Equinor expects, according to a statement posted on its website on Thursday, which revealed ...

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Shell says FG’s tax claims may delay $10b Bonga offshore field

Oil Theft: Shell Nigeria Deploys HD Aerial Cameras

Royal Dutch Shell said on Tuesday that Nigeria’s claims that it was owed billions in taxes could delay the development of a major oil field off the coast of the West African nation. Nigeria ordered several major foreign oil and ...

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Calabar port yearns for container vessels, groans under draft limitations

Calabar port yearns for container vessels, groans under draft limitations

Stakeholders in one of Nigeria’s major seaports, the Calabar Port, Cross River State, has again cried out for urgent attention from the Nigerian Ports Authority (NPA), following many years of neglect. The port, which lies 45 nautical mile (about 84km) ...

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Low budget carriers mull ‘all-standing’ passenger airplanes

Low budget carriers mull ‘all-standing’ passenger airplanes

• Why it will not work in Nigeria, by operators, regulator Call it Molue in the air or MoluAir, and you will not be wrong. But the truth is that low budget carriers are beginning to mull the idea of ‘all-standing’, ...

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Goldman Sachs projects rise in oil prices

Nigeria, Iraq exceed cuts as OPEC achieves 79% compliance

• As Trump calls for steady rates U.S. President, Donald Trump, yesterday, expressed concern about oil prices and repeated his previous call on the Organisation of the Petroleum Exporting Countries (OPEC), to keep prices steady. On Monday, oil prices edged up ...

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