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Yearly Archives: 2019

Reduce $57 budget oil benchmark, MPC tells FG

Reduce $57 budget oil benchmark, MPC tells FG

The Monetary Policy Committee of the Central Bank of Nigeria has called on the Federal Government to review downwards the 2020 budget oil price benchmark of $57 per barrel to stimulate fiscal buffers. The CBN Governor, Mr Godwin Emefiele, said ...

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Crude rises to $64.17, fuel subsidy hits N43/litre

Oil rises above $70 amid US, Iran face-off

The rise in crude oil price has spiked the Expected Open Market Price of Premium Motor Spirit, popularly known as petrol, leading to a sharp increase in the amount spent on subsidy. Data obtained in Abuja on Tuesday showed that ...

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Devaluation calls loom as reserves fall below $40 billion

Dollar exchanges for N374

• Nigeria faces ‘busy’ week with data, policy decision • Foreign investments fall by eight percent Nigeria’s foreign exchange reserves fell below $40 billion for the first time in 23 months, as the country’s crude oil earnings remain under pressure in ...

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NSIA indicates interest to revive Ajaokuta Steel, others

FG sets up panel to revive Ajaokuta steel plant

The Nigeria Sovereign Investment Authority says it is interested in reviving the Ajaokuta Steel Company. Apart from the Ajaokuta Steel Company, the agency is also interested in reviving other moribund assets to enable the country to reap the benefits of ...

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CBN set to establish large-scale poultry in Benue

Economy contracted in May, says CBN report

The Central Bank of Nigeria has selected the Federal University of Agriculture Makurdi to set up a large-scale poultry farm that would enhance poultry production in the country. The Vice Chancellor of the university, Prof. Richard Kimbir, disclosed this at ...

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Discos reject 8,848MW of electricity in one week

Discos reject 8,848MW of electricity in one week

Power distribution companies in the country left a total of 8,848.24 megawatts of electricity unused in one week, latest data from the Transmission Company of Nigeria have shown. The amount of power unutilised by the 11 Discos stood at 680.72MW ...

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Border closure: Benin, Niger haven’t met our conditions – FG

Border closure: Benin, Niger haven’t met our conditions – FG

The Federal Government on Monday said seizures made by security agents at the country’s land borders indicated that  the republics of  Benin and Niger were not addressing issues that led to the border closure. The Minister of Information and Culture, ...

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Wake Ceremony: Enugu Women, Satellite Town Residents Honour Promise 

Wake Ceremony: Enugu Women, Satellite Town Residents Honour Promise 

Enugu Women group in Lagos, neighbours  and friends of Late Mrs. Promise Anaroke held another wake ceremony last week.

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FG pledges to aid creative industry’s growth

Border closure: Benin, Niger haven’t met our conditions – FG

Minister of Information and Culture, Alhaji Lai Mohammed has said that the Federal Government will remove all impediments to the growth of the creative industry. The minister gave the assurance in Lagos yesterday at the All Africa Music Awards (AFRIMA). ...

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FG to ban single use of plastic materials in 2024

FG to ban single use of plastic materials in 2024

Following its plans to ban the single-use of plastic materials, the Federal Government has advised that a moratorium of 2024 be given to formulating policy guidelines on its implementation and management. In addition, there is the need to ensure that ...

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Amaechi, Freight Forwarders Plot Demise Of ANLCA, NAGAFF, Others

Lagos-Ibadan rail held by coronavirus outbreak, says Amaechi

· New Institute to replace CRFFN at FIATA · Governing Council members decry stiff bureaucratic processes · CRFFN’s status would be dragged to Supreme Court – Aniebonam By Kenneth Jukpor Worried by the gross unprofessionalism in freight forwarding practice in Nigeria and inefficiency ...

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Rosy Rose

Rosy Rose

Hon. Justice Rose Ukeje is a former Chief Judge, Federal High Court of Nigeria. Elevated to the Federal High Court of Nigeria Bench on 11th November, 1986, she served as a Judge for 25 years until the 24th of October ...

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BEARS: LAAC’s Danger Staircase

The primary reason for railings on the stairs is safety.  A staircase without railings is risky as people could easily fall off the stairs which could lead to life threatening situations. This is the case at the press centre of ...

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NIMPORT: Harnessing Nigeria’s Blue Economy Ideals

Maritime Agencies Send Staff To NCDC For COVID-19 Test

A ports and terminals promotion body, the Nigerian International Maritime Ports and Terminals (NIMPORT) has called for caution by the Federal Government before actualizing the ideals of the Blue Economy in the nation’s maritime sector. The NIMPORT Chairman, Mr Fortune ...

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Maritime Security: Nigeria Has Ignored Pertinent Issues – Akinpelumi

Maritime Security: Nigeria Has Ignored Pertinent Issues - Akinpelumi

By Kenneth Jukpor Capt. Taiwo Akinpelumi is a member of the 3-man committee tasked with reviving the Nigerian Indigenous Ship-owners Association (NISA) and Chief Executive Officer, Oceanic Energy Limited. In this interview with MMS Plus, he reveals how maritime security ...

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FCT, 36 States’ Transport Commissioners To Attend CIoTA National Conference

FCT, 36 States' Transport Commissioners To Attend CIoTA National Conference

Transport veterans to explore solutions to Apapa traffic chaos By Kenneth Jukpor   As part of efforts to curb the incessant fracas between the federal government and several state governments on transport infrastructure and policy issues, the Chartered Institute of ...

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BULLS: Contractors’ Zeal

BULLS: Wedding Bliss

One week after the revelation that officials of the Ministry of Works and the contractors of the ongoing road construction for Mile 2/ Tin Can Port access roads have been selling extracted rubbles for N40,000 per tipper, the contractors seem ...

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Emerging Cyber Threats in Nigeria’s Aviation Sector (2)

Emerging Cyber Threats in Nigeria’s Aviation Sector (2)

By Okuneye Moyosola The aviation sector has benefited from the increasing level of connectivity and digitization across the value chain. The enabling technological advancements in the aviation sector are creating enormous opportunities to have better customer service, security, flight efficiency, ...

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How To Expunge Corruption From Nigeria Customs – Anakebe

How To Expunge Corruption From Nigeria Customs – Anakebe

By Kenneth Jukpor Sir Tony Anakebe is the Managing Director Gold link Investment Nigeria Limited, and a member of the Association of Nigeria Licensed Customs Agents (ANLCA). In this interview with MMS Plus newspaper, he speaks on the recent plan ...

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NNPC GMD Justifies Amendment Of Deep Offshore Act

FG’ll offer small oil fields for licensing –NNPC

Malam Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation (NNPC) says amendment of the Deep Offshore (and Inland Basin Production Sharing Contract) Act is long overdue. Kyari also allayed the fears of International Oil Companies (IOCs) operating in Nigeria ...

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