Despite rampant unemployment across the country, the Nigerian Ports Authority (NPA) is set to lay off 5000 tally clerks and onboard security men this week. This worrisome trend has generated strange and varying interpretations and speculations by the major players …

The Spanish Ambassador to Nigeria, Mr. Alfonso Barnuevo Sebastian de Erice, last week, disclosed that the volume of trade between his country and Nigeria, which is mainly in oil and gas, is now 6.2 billion Euros. In terms of trade …

Dr. Emmanuel Egbogah, who has varied experience and earned a reputation as ‘Mr. Fix’ in the global oil and gas industry, for his pioneering work in Venezuela, Brazil and Canada, was co-opted by former President Olusegun Obasanjo to draft the …

Turbulence in the oil sector has led to investors selling shares of energy-related companies as oil price continues to tumble.  Oil trading companies and analysts are perplexed by the intensity of the decline, coming after the Dec. 4 meeting of …

It is not every day one runs into a professor. Therefore, when MMS Plus sighted Professor Abimaje Akpa, former Vice Chancellor of Benue State University (BSU) at the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) headquarters recently, …

Association of Nigerian Licensed Custom Agents (ANLCA), has advised members to avoid patronizing godfathers ahead of the forth-coming Chapters Elections in the Zone.   The President of the association Prince Olayiwola shittu, gave the warning while addressing executive officers and …

National Association of Nigerian Student (NANS) and the National Association of Government Approved Freight Forwarders (NAGAFF) have agreed to collaborate for the liberation of freight forwarders from Customs licensing regulations as a tool to liberate students from unemployment. The founder …

The National Bureau of Statistics (NBS) has officially adopted the Stanbic IBTC Purchasing Managers Index (PMI) as the Nigerian government’s private sector-based index for the country. According to the Statistician General of the Federation and Director-General, NBS, Dr. Yemi Kale, who …

The growing supply glut in the global oil market is a threat to Nigeria’s projected production target for next year, industry experts have said. Other threats include the maturity of some fields and the global economic outlook. The Federal Government …

The banking sector recorded 5,917 cases of fraud involving the sum of N11.98bn in the first half of this year, statistics obtained from the Central Bank of Nigeria have indicated. The figures are contained in the CBN’s Financial Stability Report, …

The Federal Government on Wednesday finally approved the payment of N407.07bn as fuel subsidy to oil marketers. The payment was confirmed by the Minister of Finance, Mrs. Kemi Adeosun, through a statement signed by the Director of Press, Ministry of …

Governor Ben Ayade of Cross River State has said that the application of renewable energy solution as a measure to minimize climate change challenges is anti- African. Speaking to journalists at the ongoing Climate Change Conference in Paris, Governor Ayade …

The Lagos State Governor, Akinwunmi Ambode, says 24-hour power supply will boost business and increase the state’s Gross Domestic Product and that his government is ready to achieve the target. The governor also urged individuals, private homes and corporate organisations …

Global benchmark Brent crude on Thursday extended its losses, dropping to $39 per barrel thereby threatening the Federal Government’s ability to save earnings from crude oil sales next year. The Federal Executive Council had earlier this week proposed $38 per …