Nigeria’s President, Muhammadu Buhari is set to pay $2billion to a Chinese company for the construction of rail lines from Lagos to Kano state. The Minister of Transport, Mr. Rotimi Amaechi revealed this during his recent visit to the Nigerian …

Oil marketers have confirmed that the Federal Government has paid them over N400bn petrol subsidy claims and also explained why the country is still experiencing fuel scarcity. According to them, the actual payment of the subsidy claims was done about …

Statutory allocation to the three tiers of government witnessed a decline of N103.95bn in the month of November from the sum of N473.83bn distributed in October to N369.88bn The decline was confirmed by the Minister of Finance, Mrs. Kemi Adeosun, …

The Managing Director, Kaduna Refining and Petrochemical Company Limited, Mr. Seidu Muhammed, has revealed that the Kaduna refinery has resumed production after it had been shut down in the last three months. The MD, Seidu Muhammed disclosed that the refinery …

President Muhammadu Buhari has presented a total budget of N6.08 trillion for 2016 to both the Senate and the House of Representatives in a joint session of the National Assembly earlier today. President Buhari apologized to Nigerians for the pains …

Rotimi Amaechi is a man who divides opinion in the Nigerian political arena. It is doubtless that he made some landmark achievements during his stint as the governor of Rivers state, although his administration wasn’t devoid of allegations which became …

Nigeria’s crude oil, which has been struggling to sell in recent months, is set to suffer further setbacks in the global market following the of the ban on the United States oil exports. The US Congress approved the lifting of …

The Nigeria shipping sector today is seen as a veritable tool for the growth of the nation’s economy. The sector could be harnessed to provide jobs, create wealth, promote skills acquisition and encourage entrepreneurship. The shipping industry also provides an …

  The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Wednesday said the federal government decided to do away with the country’s former practices of Offshore Processing Agreements (OPAs) and the crude-for-products-exchange arrangement, also known as crude swaps, …

The Nigerian National Petroleum Corporation (NNPC), has issued its 2016 crude oil term contracts to 21 companies, going directly to international refineries, trading houses and local downstream firms, according to media source. The contracts cover 991,000 barrels per day (bpd) of …

Investors lost N109 billion on the Nigeria Stock Exchange (NSE) in the first two days of the week, following persistent declines in total value of shares listed on Exchange. Data from the NSE revealed that the market capitalisation, which represents …

The management of Nigerian Maritime Administration and Safety Agency (NIMASA), has directed all the members of staff recently arraigned at the Federal High Court, Lagos over alleged misappropriation of N1.2bn in conspiracy with former Director -General of the agency, Mr. …

  The Executive Secretary/ Chief Executive Officer (CEO) of the NSC, Barr. Hassan Bello stated this while addressing journalists, at a one-day awareness clinic for importers at the International Trade Fair markets, on the theme: Need for Compliance to Cargo Clearance …

  Total Nigeria Plc and SANY Nigeria Company Limited have signed a lubricant supply agreement. Following a global cooperation agreement signed by Total Lubricants and SANY Group Company Ltd in July 2014 in China, the two companies became partners for …

The Courier Regulatory Department of the Nigeria Postal Service on has begun a resolute clampdown on courier agencies operating illegally in the country. NIPOST’s Courier Regulatory Department asserted that the action would continue until all illicit courier outfits were shut …

The Federal Government should not effect the proposed increase in the price of Premium Motor Spirit, popularly known as petrol, without reaching an agreement with the organised labour, the Trade Union Congress of Nigeria has warned. However, the Lagos Chamber of …

Feelers emanating from MTN Nigeria on Thursday indicated that the telecommunications firm might be nurturing plans to reduce its workforce by sacking a sizeable number of its junior employees. This is coming one week after the first indigenous Chief Executive …

Reps to declare “State of Emergency” AMATO Lists Solutions It is the prayers of most port users that the Minister of Transport, Rt. Hon. Rotimi Amaechi be arrested as the House of Representatives led by Hon. Yakubu Dogara is working …

The Nigerian Ports Authority (NPA) were probably attempting to hide something about the 5,000 tally-clerks and onboard security it has abandoned when Captain Ihenacho Ebubeogu recently told MMS Plus that the NPA had no relationship with tally-clerks and NPA didn’t …

MMS Plus recently visited the Apapa Customs Command to find most of the Customs officers filing out to go for sporting activities. This new development was instigated by the new Comptroller General of Customs (CGC) Col. Hammed Ali (Rtd). When …