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Author Archives: mms plus

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Investors lose N31b amid heightening political tension

Investors lose N31b amid heightening political tension

• Analysts predict gloomy market ahead of 2019 polls  Fears that the heightening political uncertainties may trigger a pull back in the equity market to halt the bullish run witnessed in the past few days became a reality yesterday, as investors ...

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National Fleet: How Vision 2020 Killed Maritime Sector

Illegal Port Levies: Shipping,Terminal Coys Introduce New Charges

Nigerian shipping to suffer until Govt prioritizes sector ‘14% Customs Duty’ Major Impediment To National Carrier By Kenneth Jukpor Appalled by the gross negligence of the nation’s shipping sector in the economic plans of the federal government, maritime experts have ...

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2018 Q4 Rating: How FAAN, NPA, MAN Oron Fared

2018 Q4 Rating: How FAAN, NPA, MAN Oron Fared

By Kenneth Jukpor MMS Plus presents the 2018 fourth quarter rating of transport agencies in the country based on their performance with regards to their core functions. This appraisal covers; Federal Airport Authority of Nigeria (FAAN), Nigerian Ports Authority (NPA) ...

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Gulf War: How Nigeria Can Imitate Iraq’s Sustainable Oil Trade – Okorefe

By Kenneth Jukpor Mr. Charles Okorefe is the Managing Director of Kamany Marine Services Limited and the publisher of the book; “ABC of Shipping and Ports Operation in Nigeria”. He was a special guest at the 20th Anniversary Lecture/ Awards ...

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How Aviation Policies Can Enhance Tourism In Nigeria – Bankole

How Aviation Policies Can Enhance Tourism In Nigeria - Bankole

Bernard Bankole is the President of the National Association of Nigerian Travel Agencies (NANTA), the downstream sector of the aviation sector. Bankole, in this interview takes a closer look at the air travel business and tourism, highlighting its challenges, potential ...

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BULLS: Edike’s Trade Facilitation Sermon

BULLS: Noble Jerry

Pastor Charles Edike, a former Assistant Comptroller-General of Nigeria Customs Service (NCS) was such an ardent believer and advocate of the significance of trade facilitation during his years as an officer that the Executive Secretary of Nigerian Shippers’ Council (NSC) ...

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Time Management: Productivity At Work

How To Manage Time At Work

Chances are good that, at some time in your life, you’ve taken a time management class, read about it in books, and tried to use an electronic or paper-based day planner to organize, prioritize and schedule your day. “Why, with ...

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BEARS: My Crude! My Crude!

BEARS: Election Palava

When Mr. Jackson Gaius-Obaseki served as Managing Director of the Nigerian National Petroleum Corporation (NNPC) passionate about the affreightment of Nigeria’s crude that he famously declared ‘My Crude’ ‘My Crude’ when indigenous ship-owners had visited him to get NNPC engage ...

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With N182.86tn Turnover in 2018, FMDQ Set All-time Record

With N182.86tn Turnover in 2018, FMDQ Set All-time Record

Business has never been so good in the last five years at the FMDQ OTC Securities and Exchange Market as it was in 2018, when market turnover hit an all-time high of N182.86 trillion. Aggregate transactions in the fixed income ...

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Entrenching Fiscal Discipline with New ECA Guidelines

Entrenching Fiscal Discipline with New ECA Guidelines

In the past few years, savings into and withdrawals from the Excess Crude Account (ECA) have been contentious. The Federation Account Allocation Committee (FAAC) is considering fresh guidelines for revenue inflows and withdrawals from the account. The Excess Crude Account ...

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Kachikwu, DPR Debunk Claims of Irregularities in Renewal of 22 Oil Blocks

APPO to make oil beneficial to Africans, says minister Ibe Kachikwu

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu Saturday said there was no irregularities whatsoever in the renewal of 22 oil blocks undertaken by the Ministry of Petroleum Resources and the Department of Petroleum Resources (DPR). The ...

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FG says no going back on 20,000MW transmission capacity by 2021

FG says no going back on 20,000MW transmission capacity by 2021

•Bemoans Poor Investment In Distribution Network Though Nigeria’s power transmission network currently hovers around 8, 000MW, the Federal Government, yesterday said there was no going back on achieving 20,000 megawatts of electricity transmission by 2021. Speaking during the commissioning of ...

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LADOL, Avon HMO win London Stock Exchange awards

LADOL, Avon HMO win London Stock Exchange awards

•Listed among companies to inspire Africa in 2019 Lagos Deep offshore Logistic Base, LADOL, made the London Stock Exchange Group (LSEG) list of companies to inspire Africa in 2019 having been found to have met the Group’s stringent conditions of ...

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Valentine Ozigbo becomes president of Transcorp

Valentine Ozigbo becomes president of Transcorp

Valentine Ozigbo has been elevated as the new President and Chief Executive Officer of Transcorp Plc.He was before now, the managing director and chief executive officer of Transcorp Hotels Plc. Similarly, the Corporation also promoted Owen Omogiafo to take over ...

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‘Willing-buyer, willing-seller arrangement will solve Nigeria’s power challenges’

‘Willing-buyer, willing-seller arrangement will solve Nigeria’s power challenges’

The Federal Government has declared the willing-buyer- willing-seller policy as one of the surest steps to addressing Nigeria’s power challenges. Vice President, Prof. Yemi Osinbajo, noting that power remains very critical to national development, said if the generation companies do ...

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Government concessions Warri Port, gets in N36.4 billion

NPA, BPE hands over Warri Port Terminal to new concessionaire

The Federal Government has concessioned the Terminal ‘B’ Warri Old Port, in Delta State, to Ocean & Cargo Terminal Services Limited, in a bid to increase efficiency, improve service delivery, and ensure modernised port development.The concession of the port is ...

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TICT invests N70bn in ports infrastructure

TICT invests N70bn in ports infrastructure

• Gets terminal operator of the year award Tin Can Island Container Terminal (TICT), said it has invested about N70 billion ($225 million) in the provision and development of facilities at the terminal B of the Lagos Port in the ...

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Subsidy regime engenders system inefficiency, retrogression’

Subsidy regime engenders system inefficiency, retrogression’

Stakeholders in Nigeria’s energy ecosystem have said that retaining the current subsidy regime in the country’s petroleum downstream segment is unsustainable as it produces inefficiency in the value chain, thus impeding industry progress. They said the practice has created and ...

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PenCom set to roll out micro-pension scheme

PenCom set to roll out micro-pension scheme

All is now set for the launching of Micro Pension Scheme by the National Pension Commission (PenCom) this month, an initiative expected to attract over 20 million workers and N3 trillion into the pension assets. With total pension assets as at October ...

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CBN retains interest rate at 14%, decries rising external debts

CBN retains interest rate at 14%, decries rising external debts

The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 14 per cent and other parameters therein. The MPR is the rate at which the apex bank lends to deposit money banks in the country and ...

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