From right : Executive Secretary/CEO, Nigerian Shippers’ Council(NSC)Barr. Pius Akutah and the Chairman of Nigerian Ports Consultative Council( NPCC) during a courtesy visit by the latter to the Council’s headquarters in Lagos, last week. The Nigerian Port Consultative Council (NPCC), …
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Forbes has listed Nigerian businessmen, Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu and Femi Otedola, as the top richest Nigerians in 2024. This comes as the combined wealth of Nigeria’s top three richest businessmen dropped slightly by 11.23 per cent to …
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The naira began the new month on a bullish note, appreciating to N1,278.58 against the United States dollar from N1,309.39 per dollar recorded last week Thursday. This indicates an increase of N30.81 at the close of trading activity. According to …
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More speakers and dignitaries have confirmed their participation in the 2024 MMS Hall of Famers’ Day and MMS Inspired Amazons recognition ceremony to mark the International Women’s Day(IWD). The event billed for Tuesday, April 23rd, 2024 at the Colonades Hotel, …
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President Bola Tinubu on Wednesday established a 31-man Presidential Economic Coordination Council comprising himself, the Vice President, Senate President and the Chairman of the Nigerian Governors Forum, among others. Tinubu also established a 19-member Economic Management Team Emergency Taskforce which …
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FIRS Chairman, Adedeji The Chairman of the Federal Inland Revenue, Zacch Adedeji, has restated the agency’s commitment not to introduce additional taxes in the country. Adedeji stated this on Wednesday, when the Chief Executive Officer of Guinness Nigeria Plc, Adebayo …
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The Nigerian National Petroleum Company Limited has denied claims that it has reduced the pump prices of petrol and diesel. The NNPCL spokesperson, Olufemi Soneye, in a statement, described the claims as false, asking Nigerians to disregard same. Our correspondent …
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The Federal Government, on Monday, confirmed the outbreak of ginger blight epidemic in four states in Nigeria, adding that ginger farmers have lost over N12bn due to the disease. It disclosed this at the inauguration of the National Ginger Blight …
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President Tinubu President Bola Tinubu on Monday approved the Renewed Hope Infrastructure Development Fund to bridge the country’s $25bn per annum infrastructure funding gap. The new initiative will be domiciled in the Presidency, the Minister of Information and National Orientation, …
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The Federal Government has deducted over N415bn from state government allocations to service their external loans, according to findings by media source. This was according to data from the Federation Account Allocation Committee Disbursement reports published by the National Bureau of …
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The Central Bank of Nigeria has disclosed that it will be allocating $10,000 to each Bureau de Change operator at N1,251/$. This was contained in a circular made available to media and signed by the bank’s Director, Trade and Exchange Department, Dr …
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By Kingsley Anaroke, FCIPDM From left: Publisher of MMS Plus Newspaper, Mr. Kingsley Anaroke; Managing Director of Nigerian Ports Authority, NPA, Mr. Mohammed Bello-Koko; Assistant General Manager, Kings Communications Limited, Mrs Ifeoma Iloh; General Manager, Corporate &Strategic Communications, NPA, Mrs. …
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Nigerian shippers have blamed the high cost of clearing and the fluctuating exchange rate for cargo clearance for the rising inventory among manufacturers. The shippers spoke on Wednesday in Lagos at the maiden press conference of the National Shippers Association …
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The Nigeria Customs Service, Murtala Muhammed Airport Command said it raked in N28bn as revenue between January and February. This was disclosed in a statement on Wednesday by the Public Relations Officer of the command, Victor Ogagbor. The Customs Area …
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Gas flaring Oil and gas giant, Shell Plc, has said around 50 per cent of total routine and non-routine flaring in its integrated gas and upstream facilities in 2023 occurred in assets operated by the Shell Petroleum Development Commission and …
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MIDOil Refining and Petrochemicals Company Limited has concluded plans to commence the construction of a 100,000 barrels per day modular refinery at Sekungba/Ejinrin, Ikosi/Ejinrin Local Council Development Area of Lagos State. The Executive Chairman of MIDOil, Mrs Elizabeth-Omolara Akintonde, disclosed …
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The naira rebounded against the United States dollar on Wednesday at the official and parallel markets, with the local currency recording a significant gain against the greenback at the black market. This came as the Central Bank of Nigeria announced …
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Alade The Senate confirmed Gbenga Alade as the Managing Director of the Assets Management Company of Nigeria on Tuesday. Announcing this in a statement, the Head of Corporate Communications Department of AMCON, Jude Nwauzor, disclosed that three other executive directors …
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West Africa Container Terminal, owned by APM Terminals, has unveiled a new container freight station in Onne Port, Rivers State. In the statement, the company said that the new facility would WACT a step closer towards its strategic vision of …
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NNPCL GMD, Mele Kyari The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari has said that the Final Investment Decision for the $25bn Nigeria-Morocco Gas Pipeline Project will be made in December 2024. Kyari made …
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