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ASSETS & FINANCIALS
FG Deducts N415bn State Allocations For Debt Servicing
The Federal Government has deducted over N415bn from state government allocations to service their external loans, according to findings by media…
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ASSETS & FINANCIALS
CBN Directs BDCs To Sell Dollar At N1,269
The Central Bank of Nigeria has disclosed that it will be allocating $10,000 to each Bureau de Change operator at…
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COMMENTARY
NPA’s Electronic Call-Up System (ETO): Prospects, Challenges and The Way Forward
By Kingsley Anaroke, FCIPDM From left: Publisher of MMS Plus Newspaper, Mr. Kingsley Anaroke; Managing Director of Nigerian Ports Authority,…
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NEWS LENS
Shippers Lament Rising Cargo Clearing Cost
Nigerian shippers have blamed the high cost of clearing and the fluctuating exchange rate for cargo clearance for the rising…
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NEWS LENS
MMA Customs Generate N28bn Revenue In Two Months
The Nigeria Customs Service, Murtala Muhammed Airport Command said it raked in N28bn as revenue between January and February. This…
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OIL & GAS
50% Of Shell’s Gas Flaring Occurred In Nigeria –Report
Gas flaring Oil and gas giant, Shell Plc, has said around 50 per cent of total routine and non-routine flaring…
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OIL & GAS
MIDOil To Build 100,000bpd Modular Refinery In Lagos
MIDOil Refining and Petrochemicals Company Limited has concluded plans to commence the construction of a 100,000 barrels per day modular…
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ASSETS & FINANCIALS
Naira Rebounds To N1,400/$ As Speculators Offload Forex
The naira rebounded against the United States dollar on Wednesday at the official and parallel markets, with the local currency…
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ASSETS & FINANCIALS
Senate Confirms Alade AMCON Boss
Alade The Senate confirmed Gbenga Alade as the Managing Director of the Assets Management Company of Nigeria on Tuesday. Announcing…
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NEWS LENS
Terminal Operator Inaugurates Freight Station At Onne Port
West Africa Container Terminal, owned by APM Terminals, has unveiled a new container freight station in Onne Port, Rivers State.…
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OIL & GAS
FID On $25bn Nigeria-Morocco Pipeline For Dec — Kyari
NNPCL GMD, Mele Kyari The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari has said…
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ASSETS & FINANCIALS
N30tn Loans: Senate Uncovers Fresh Infractions, Summons Cardoso
Cardoso The Senate Ad-hoc Committee probing how the N30tn Ways and Means loans were obtained from the Central Bank of…
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ASSETS & FINANCIALS
Equity Market Dips 0.40% On Sell-Offs
Trading Floor of NSE The Nigerian exchange declined by 0.40 per cent as investors reacted to the latest Consumer Price…
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ASSETS & FINANCIALS
Naira Depreciation Pushes Nigeria’s Imports To N35tn
Nigeria’s total imports grew to N35.9tn in 2023, from N25.5tn recorded in 2022, according to data by the National Bureau…
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OIL & GAS
PH Refinery: Marketers Eye Fuel Price Reduction, Ready To Load
Port Harcourt Refinery he Independent Petroleum Marketers Association of Nigeria and the Major Energy Marketers Association of Nigeria have projected…
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I CARE INTERVIEW
Trade Facilitation: There Are Limits To What Customs Controllers Can Seize- Compt Oramalugo
Comptroller Ben Nkem Oramalugo Trade facilitation in supply chain could mean many things in relations to professions and duties at hand.…
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ASSETS & FINANCIALS
Senate Warns Against Supplementary Budget, Excess Loans
The Senate has warned the executive against increasing the budget size through a supplementary budget, advising the government to use…
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ASSETS & FINANCIALS
FG Eyes $1bn W’Bank Loans For IDPs, Agric
The Federal Government is in talks with the World Bank to complete the processes of obtaining over $1bn loans to…
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OIL & GAS
Nigeria’s Functional Oil Drilling Rigs Rise To 16 – OPEC
The number of functional oil drilling rigs across the country increased marginally to 16 in February, data from the latest March…
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NEWS LENS
IWD: MMS Hall of Fame Crowns Ten Amazons, Amb. King Chairs Occasion
Ten women with remarkable difference and impact have been nominated for recognition as Inspired Amazons to mark the 2024 International Women’s Day(IWD) …
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