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Author Archives: mms plus

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DPR approves one-million-barrel onshore terminal for Otakikpo marginal field

DPR approves one-million-barrel onshore terminal for Otakikpo marginal field

The Department of Petroleum Resources (DPR), has approved the construction of a one-million-barrel capacity onshore terminal at the Otakikpo marginal field in OML 11, being operated by Green Energy International Ltd. (GEIL). Chairman of GEIL, Prof. Anthony Adegbulugbe, who disclosed this in ...

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FG to understudy Ogoni cleanup in UK, targets 10,000 capacity village by 2027

FG to understudy Ogoni cleanup in UK, targets 10,000 capacity village by 2027

The Federal Government has concluded arrangements with the United Kingdom (UK) to understudy the cleanup and remediation programme of Ogoniland, which has been a victim of environmental degradation for decades. The United Nations Environment Programme (UNEP) is facilitating the visit ...

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Transcorp wins Afam power plant with N105.3 billion offer

Transcorp wins Afam power plant with N105.3 billion offer

•As Quest Electric grabs Yola Disco for N19b It was yet another victory yesterday, as Transcorp Plc, core investors in the Ughelli Power Plant, won the bid for Afam Power, by beating two other contenders to emerge winner with an ...

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National Assembly raises 2019 budget by N90b, okays N8.916 trillion

National Assembly raises 2019 budget by N90b, okays N8.916 trillion

Raises deficit to N1. 908 trillion Offers to approve more funds for minimum wage payment MAN, NACCIMA, LCCI seek effective execution of fiscal plan The National Assembly yesterday approved N8. 916 trillion as the 2019 budget, raising President Muhammadu Buhari’s ...

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Twin Decades Of Marital Bliss

The Aare Of Lagos Chief Razaq Okoya and his wife, Chief Dr. Mrs Shade Okoya celebrated 20 years of marital bliss at the weekend. Enjoy photos from the loving union:

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MainOne to extend submarine cable in Cote d’Ivoire by October, plans data centre

MainOne to extend submarine cable in Cote d’Ivoire by October, plans data centre

Nigeria’s submarine cable company, MainOne, is expected to extend submarine cable to Abidjan, Cote d’Ivoire by October, after the President Alassane Ouattara-led government handed it a submarine cable landing licence. MainOne said it has made significant progress in the project ...

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NSE’s index sustain sliding profile with N82 billion

Market volatility persists as investors’ wealth falls more by 1.8%

Transactions on the equity sector of the Nigerian Stock Exchange (NSE), sustained the sliding profile, even as more blue chip stocks depreciated in price, resulting to a further plunge in market capitalisation by N82 billion. At the close of trading ...

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Lagos Port Chaos: NPA To Centralize Truck Call-up System

NPA targets revenue of N276 billion this year

By Kenneth Jukpor As part of efforts to curb the numerous challenges associated with the manual call-up system at the Lagos ports, Nigerian Ports Authority (NPA) is set to operate one centralized truck call-up owned and managed by the Authority, ...

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Apapa Traffic: PEBEC Hosts Port Stakeholders

Apapa Traffic: PEBEC Hosts Port Stakeholders

By Kenneth Jukpor As part of efforts to resolve the perennial Apapa gridlock, the Presidential Enabling Business Environment Council (PEBEC) has met with crucial players from the public and private sectors of the maritime industry. According to the PEBEC Secretary, ...

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NAMA Upgrades Communication Infrastructure, Provides 6 New VHF Radios

NAMA Urges Unions, Associations To Sustain Unity  

In a bid to improve its radio communication infrastructure across the country, the Nigeria Airspace Management Agency (NAMA) has provided machinery to replace all the Very High Frequency (VHF) radios at the existing eight (8) remote sites and also add ...

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FG To Provide Better Radio Communication For Airspace

FG To Provide Better Radio Communication For Airspace

The Federal Government promised to provide a first-rate radio communications system for the country in order to create a safe and efficient airspace. The Managing Director/CEO of the Nigerian Airspace Management Agency, Captain Fola Akinkuotu, who stated the government’s position, ...

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NUPENG warns Buhari govt against IMF, states demand on NMW

NUPENG warns Buhari govt against IMF, states demand on NMW

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has reiterated its warning on the advice by the International Monetary Fund (IMF) that Nigeria should remove oil subsidy. Its President, Williams Akporeha, said this in a state of the ...

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TCN losses 45MVA power transformer to inferno in Apo substation

TCN losses 45MVA power transformer to inferno in Apo substation

Restores normal bulk power transmission Fire outbreak at the Apo transmission station has affected 45MVA transformer, although the fire was brought under control, based on preliminary information.  Transmission Company of Nigeria, TCN assured that it has restored normal power transmission ...

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Stock market defies Q1 earnings, slumps by 1.2%

SEC to regulate yearly general meetings for cost reduction

Activities on the floor of the Nigerian Stock Exchange (NSE), last week, showed sustained volatility, with almost four days of bearish transactions, despite the influx of first quarter (Q1) earnings’ reports submitted by listed companies. Specially, the All-Share Index depreciated ...

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Apex bank to unveil frameworks on clean, fit bank notes

Apex bank to unveil frameworks on clean, fit bank notes

The Central Bank of Nigeria (CBN) would be taking its campaign for clean and fit banknotes a notch higher with the launch of the Clean Note Policy and Banknote Fitness Guidelines. The documents would be unveiled by CBN Governor, Godwin ...

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BULLS: Sacrificial Senators

BULLS: Sacrificial Senators

The Senator representing Rivers East in the Senate, Andrew Uchendu  (APC), has suggested that in order to curb crimes and prevent long-term consequences, senators should dispose three of the five vehicles they each own and use the proceeds to empower the ...

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BEARS: Murderous Security Operatives

BEARS: Murderous Security Operatives

There has been unending killings of innocent citizens by security operatives in the country. It has become the norm and the government seems to be taking the issue with levity.  Last week, a Customs officer identified as Pereto Ayabowei from ...

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Apapa Access Mayhem: How NPA Fuels Port Access Crisis – NARTO

Apapa Access Mayhem: How NPA Fuels Port Access Crisis – NARTO

· NIWA reveals strategy to get 1000 trucks off Lagos ports · Anticipates new legislation, funds to guarantee transformation By Kenneth Jukpor Despite its numerous efforts to rid the Lagos port access roads of the perennial gridlock, the Nigerian Ports Authority (NPA) ...

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Tinulistic Tinuade

Tinulistic Tinuade

Ms. Tinuade Awe is the Executive Director, Regulation at the Nigerian Stock Exchange (NSE). Prior to attaining the position of Executive Director at NSE, she was the General Counsel and Head of the Legal and Regulation Division, overseeing the activities ...

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Maximizing Potentials For Nigeria’s IMO Council Bid

Maximizing Potentials For Nigeria’s IMO Council Bid

When Nigeria lost its bid to get re-elected into category ‘C’ of the International Maritime Organization (IMO) Council in December 2017, it was the third consecutive time the nation lost in the quest to be re-elected into IMO. Recall that ...

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