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Author Archives: mms plus

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Naira depreciates to 365/dollar despite CBN interventions

Naira depreciates to 365/dollar despite CBN interventions

The naira depreciated marginally by 0.55 per cent at the parallel market week-on-week to close at N365 on Friday. The local currency had closed at 363/dollar last Friday. Currency retailers and analysts said the development came on the back of ...

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Nigeria Needs Blue Economy Agency -Dakuku

Nigeria Needs Blue Economy Agency -Dakuku

 FG urged to explore under-water mining Buhari to send anti-piracy bill to Senate By Kenneth Jukpor Nigeria may never be able to harness the potentials in its seas and oceans to enhance the nation’s revenue generation until an institutional framework ...

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IMO Elections: The Real Story Behind Nigeria’s Failure

IMO Elections: The Real Story Behind Nigeria’s Failure

By Oyeniyi Iwakun Nigeria’s failure to get elected into the category “C” Council of the International Maritime Organization (IMO) in the recently concluded polls seems to have dominated talks in the maritime industry. Industry stakeholders and commentators have explored so ...

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I PURSUED HIM AND CERTAINLY DIDN’T PLAY IT COOL

I bet that’s a headline you never thought you’d read. Time and time again we’re reminded that men do the chasing and women must sit back and let men chase them. Women should pretend not to be interested because that ...

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$1Billion ECA Insurgency Battle:  Managing The Economic Effects

$1Billion ECA Insurgency Battle:  Managing The Economic Effects

By Oyeniyi Iwakun The Federal Government again had decided to withdraw One billion dollars ($1b) from the Excess Crude Account to fight Boko Haram insurgency, an action which got the endorsement of the National Economic Council (NEC) including the Nigeria ...

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Financing IDPs and TTPs In Nigeria

Financing IDPs and TTPs In Nigeria

By Oyeniyi Iwakun In the quest to  ameliorate the infrastructure decay and also to improve the mode and means of transportation of humans, goods and services especially from the ports to other parts of the nation, the Nigerian Shippers’ Council ...

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Understanding The Importance Of Antifouling Coatings For Ships

Understanding The Importance Of Antifouling Coatings For Ships

Shippers Guide is the learning page of MMS Plus newspaper. Here we answer the five W’s and H of several issues in the shipping industry. In this article, we will address the issues in antifouling coating, biofouling, among others. Marine ...

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BEARS: It’s 39 Minutes To 11

Bears: Aviation Security Poser!

One Assistant General Manager (AGM) at the Nigerian Shippers’ Council (NSC) asked a simple question last week in the Council’s boardroom “what time is it?” but the response from another AGM (also of Shippers’ Council) was prompt but shocking. He ...

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Maritime Security: Buhari Endorses Purchase Of Patrol Vessels

Buhari to Commission 10 Coaches, Two Locomotives, Inland Dry Port in Kaduna

In a bid to boost maritime security in the nation, President Muhammadu Buhari has approved the purchase of patrol vessels to deter illegal fishing and help secure vessels at sea. The Vice President, Prof. Yemi Osinbajo made this known at the 10th ...

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PERSONAL BANKING: How to close bank account after owner’s death

PERSONAL BANKING: How to close bank account after owner’s death

When an account holder dies, her relatives and friends are often left to handle the details, including closing bank accounts. Bank accounts should be closed as soon as possible after death, but doing so isn’t always a cut-and-dry process, according ...

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Why Investors Are Hesitant About Doing Business In Nigeria – IMF

Why Investors Are Hesitant About Doing Business In Nigeria – IMF

Despite seeing Nigeria as a viable investment destination, the International Monetary Fund, IMF, said on last week that prospective investors are being held back by fears of possible difficulties in repatriating profits. Senior Financial Sector Expert, Debt & Capital Market ...

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FG Rakes In N17 Billion From Tax Evaders In Six Months – FIRS

FG Rakes In N17 Billion From Tax Evaders In Six Months - FIRS

The Federal Inland Revenue Service, FIRS, says that the federal government has realised N17 billion from the Voluntary Asset and Income Declaration Scheme (VAIDS) inaugurated in July. Mr. Flower said that the N17 billion was voluntarily paid by some companies ...

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Nigeria LPG Market Needs Discipline, Maturity To Attract Investors

Nigeria LPG Market Needs Discipline, Maturity To Attract Investors

The Liquefied Petroleum Gas (LPG) market in Nigeria, which experts say is about a $10billion market waiting to be harnessed, is said to require more discipline and maturity to be actualised. Speaking recently in Lagos, during the seventh Annual Nigeria ...

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Reps Give Oil Firms Two Weeks Ultimatum For $250 Million Remmittance

Reps Give Oil Firms Two Weeks Ultimatum For $250 Million Remmittance

The House of Representatives Committee on Oil and Gas on Thursday gave 10 indigenous oil companies in the country two weeks to remit 250 million dollars oil royalty to federal government’s coffers. Jerigbe Agom, the chairman of the committee, gave ...

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Kachikwu Presents Same Alleged Baru’s Illegal $2.7B Contract To FEC

Kachikwu Presents Same Alleged Baru’s Illegal $2.7B Contract To FEC

The Minister of State for Petroleum, Ibe Kachikwu, last week presented to the Executive Council of the Federation for approval the controversial $2.7 billion (about N827 billion) gas pipeline contract he accused the Group Managing Director of the Nigerian National ...

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FAAN BEGINS PALLIATIVE REPAIRS ON ENUGU RUNWAY.

FAAN BEGINS PALLIATIVE REPAIRS ON ENUGU RUNWAY.

The Federal Airports Authority of Nigeria (FAAN) said that with effect from 14th December, 2017, it will embark on a palliative repair work on the Runway of Akanu Ibiam International Airport, Enugu. The first phase of the repair work will ...

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Airport Concession, IATA cautions Nigeria

Airport Concession, IATA cautions Nigeria

The International Air Transport Association (IATA) has cautioned Nigeria and other countries planning to concession or privatise their airports to exercise restraints, stressing that they must try as much as possible to protect what it described as important national assets ...

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WISTA Nigeria At The Polls

WISTA Nigeria At The Polls

Women’s International Shipping and Trading Association (WISTA) Nigeria held its elections successfully last week. It was a colourful event with an ambiance of peace as Mrs. Mary Hamman was re-elected for her second term as President. Enjoy the photographs:   ...

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2018: Senate queries N10bn solar streetlight project in varsities

Collect N40bn electricity debts from states, FG charges Discos

The Senate Committee on Power, Steel Development and Metallurgy on Thursday criticised a solar-powered streetlight project in nine universities across the country valued at N10bn. The committee also turned back the Minister of Power, Works and Housing, Mr. Babatunde Fashola, ...

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EU pledges €25m for Nigeria’s power transmission expansion

EU pledges €25m for Nigeria’s power transmission expansion

The European Union has pledged to support the expansion of Nigeria’s power transmission infrastructure with a grant of €25m (N7.6bn at the official exchange rate of N305 to one Euro). According to the Transmission Company of Nigeria, the grant will ...

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