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Author Archives: mms plus

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Experts fear investment losses as PIGB suffers setback

Experts fear investment losses as PIGB suffers setback

As the harmonised Petroleum Industry Governance Bill (PIGB) is yet to get to the desk of President Muhammadu Buhari for assent, expert feared the current delay might lead to more investment losses in the oil and gas sector. Nigeria Extractive ...

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IMF doubts Nigeria’s capacity to repay debts

IMF doubts Nigeria’s capacity to repay debts

The International Monetary Fund on Monday expressed concern over Nigeria’s capacity to repay its debts and stressed the need for the Federal Government to mobilise more revenues domestically. The Washington-based fund, at the public presentation of the Spring 2018 Issue ...

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FG, others plan N1.7tn investment in Niger Delta

FG, others plan N1.7tn investment in Niger Delta

The Federal Government on Monday announced that about N1.7tn would be invested by various stakeholders in the Niger Delta between this year and 2021. It said the fund would be spent on the development of the region, adding that about ...

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Investor to provide $10bn for Nigeria’s speed rail projects

Investor to provide $10bn for Nigeria’s speed rail projects

A United States-based investor, Ameri Metro Incorporation, on Monday declared its readiness to provide $10bn for the construction of speed rails in Nigeria. The firm told the Federal Government that it had the capacity to fund rail projects across the ...

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Industrial revolution: Govt must play key roles, says Adesina

Industrial revolution: Govt must play key roles, says Adesina

The President, African Development Bank, Dr. Akinwumi Adesina, has advised governments on the continent to create the right environment for an industrial revolution. Adesina, according to a statement by the AfDB, gave the advice at the 53rd meeting of the ...

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Customs, NPA Disagree On  Executive Order  Interpretation

Customs, NPA Disagree On  Executive Order  Interpretation

* Customs lacks right to stay at port gates- NPA By  Oyeniyi Iwakun All seem not to be smooth at the ports quarterly stakeholders meeting held in Lagos last week as a tough argument ensued between the Executive Director, Marine and ...

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Irogestic Iroghama

Irogestic Iroghama

Mrs. Iroghama B. Obuoforibo is the brand ambassador of Starz Investment Company Limited. She is also the treasured daughter of Starz’s Chief Executive Officer (CEO), Engr. Greg Ogbeifun. Iroghama graduated from the University of Massachusetts, Boston with a degree in ...

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BEARS: Pathetic Port Access Road

BEARS: Pathetic Port Access Road

This pitiable scenario of accident; fallen trucks, tankers and cars has become the norm along the Mile 2/ Tin Can axis of the notorious Oshodi/ Apapa Expressway. This picture was taken on Thursday last week by MMS Plus reporter. As ...

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CRFFN Governing Council Elections To Hold On June 29

CRFFN Governing Council Elections To Hold On June 29

The Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) has announced June 29, 2018 as the new date for election of practitioners into its Governing Council. The Registrar of the Council, Mike Jukwe, on Thursday last week, in ...

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Amaechi, Sarumi, Others To Grace 2nd Maritime Technical Summit

Amaechi, Sarumi, Others To Grace 2nd Maritime Technical Summit

The Minister of Transportation, Rt. Hon. Chibuike Rotimi Amaechi will be the Special Guest of Honour at the 2nd Maritime Technical Summit coming up on May 22nd, 2018 at the Eko Hotels and Suites, Victoria Island, Lagos. The summit which ...

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How Africa Can Combat Piracy In Gulf Of Guinea

How Africa Can Combat Piracy At Gulf Of Guinea

·         Why sea-link project failed ·         African ship-owners are myopic- Islamic P&I Club By Kenneth Jukpor As part of efforts to resolve the ravaging problem of maritime insecurity in the Gulf of Guinea, the Former Chairman, International Maritime Organization (IMO) ...

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NPA And Broken Promises

NPA And Broken Promises

“If you make the customer a promise… make sure you deliver it” – Merv Griffin Drawing from this apt saying by Merv Griffin one can argue that a customer or client is entitled to demand certain standards or entitlements in ...

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Nigeria’s Maritime Industry Needs Should Drive The Laws – Edodo-Emore

Nigeria’s Maritime Industry Needs Should Drive The Laws - Edodo-Emore

  By Kenneth Jukpor Mrs. Oritsematosan Edodo-Emore is the Principal, Zoe Maritime Resources Limited, organizers of the annual Lagos International Maritime Week. In this interview with MMS Plus, she discusses the objectives of the upcoming 2018 Lagos International Maritime Week, ...

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2018 World Environment Day: MMS Introduces NAGREEN Awards/ Lecture

Dakuku, Jibril, Others To Grace NAGREEN Awards/ Lecture

In a bid to maximize the celebration of the 2018 World Environment Day, Kings Communications Limited, publishers of Money Management Series (MMS Plus) newspaper in collaboration with the Federal Ministry of Environment, National Environmental Standards and Regulations Enforcement Agency (NESREA), Nigeria’s foremost agency on ...

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Demystifing Apapa Gridlock: A Road To An End

Demystifing Apapa Gridlock: A Road To An End

By Oyeniyi Iwakun As part of efforts towards finding solutions to the myriads of problems facing the nation’s ports, the Nigerian Ports Authority (NPA), held its regular quarterly meeting in Lagos last week. This time around, it is for the ...

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BULLS: No African Time!

BULLS: Ramadan  Mubarak

There was a mild drama at the Nigerian Ports Authority (NPA) quarterly stakeholders meeting in Lagos last week,  when the Vice President, Association of Nigeria Licensed Customs Agents (ANLCA), Dr. Kayode Farinto walked out of the venue in annoyance after ...

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Blue Economy: Where To Find Opportunities As A Woman

Blue Economy: Where To Find Opportunities As A Woman

This informative paper was presented by the President of Women’s International Shipping and Trading Association (WISTA) Nigeria, Mrs. Mary Hamman at the recent 2018 Lagos International Maritime Week, organized by Zoe Maritime Resources Limited. THE DEFINITION OF THE BLUE ECONOMY ...

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Govs Seek to Take Over Fuel Subsidy Payments

Govs Seek to Take Over Fuel Subsidy Payments

Move could end inefficiency, graft, shortfall in NNPC remittances to treasury NEC uncovers fraudulent non-remittance of N526bn, $21bn by govt agencies Recommends indicted agencies for prosecution The governors of the 36 states of the federation are canvassing a novel initiative ...

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Fitch Affirms Nigeria’s ‘B+’ Rating, Negative Outlook

Fitch Affirms Nigeria’s ‘B+’ Rating, Negative Outlook

Fitch Ratings has affirmed Nigeria’s long-term foreign-currency Issuer Default Rating (IDR) at ‘B+’ with a negative outlook. This is just as the country’s external reserves recorded a second consecutive day drop to $47.787 billion as of May 15 compared with ...

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NNPC, Nigeria’s Oil Behemoth Records N547bn Losses in Three Years

NNPC, Nigeria’s Oil Behemoth Records N547bn Losses in Three Years

Oil hits $80/bl as Shell declares force majeure on Bonny Light exports It’s meant to be a cash cow, but the state oil company of Africa’s biggest producer is bleeding money. The Nigerian National Petroleum Corporation, the Abuja-based behemoth that ...

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