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Yearly Archives: 2019

Anchorage Contract: Legal Lacuna Leaves NPA, Transport Minister In Limbo

Regulators undecided about Coronavirus surveillance at Nigerian seaports

   · Senate ignores Amaechi’s plea, endorses anchorage contract · Experts fault NASS recommendations By Kenneth Jukpor Despite legitimate claims by the Nigerian Ports Authority (NPA) and the Minister of Transportation, Hon. Rotimi Amaechi that the operation of Secure Anchorage Area (SAA) ...

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2019 Transport Agencies Rating: How FAAN, NPA, NAMA Fared

2019 Transport Agencies Rating: How FAAN, NPA, NAMA Fared

By Kenneth Jukpor & Okuneye Moyosola MMS Plus presents the scorecard of more transport sector agencies based on their performance in the first half of 2018 with regards to their core functions. In this week’s appraisal, we x-ray; Nigerian Ports ...

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DPR Launches Guidelines For Nigeria’s Upstream Sector

DPR Launches Guidelines For Nigeria’s Upstream Sector

The Department of Petroleum Resource (DPR) has launched its new guidelines of operations for the upstream sector of the Nigerian oil and gas industry. The regulatory document is part of efforts geared towards limiting the cost of oil production in ...

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MWUN Commends SIFAX Terminal On New Equipment Worth $21Million

MWUN Commends SIFAX Terminal On New Equipment Worth $21Million

By Kenneth Jukpor  The President, Maritime Workers Union of Nigeria (MWUN), Mr Adewale Adeyanju has commended Ports and Cargo Handling Services Limited, the flagship company of SIFAX Group, for the acquisition of new equipment worth over twenty million dollars. The ...

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FG Sets 2020 Oil Production At 2.18 Million Bpd

Nigeria needs N10.1trillion to improve economy

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the Federal Government has pegged oil production at 2.18 Million Barrels Per Day (MBPD) in the 2020 budget. Ahmed made this known at the Highlights and Breakdown of ...

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Why Women Should Prioritize Healthy Relationships At Workplace – Mahamah

Why Women Should Prioritize Healthy Relationships At Workplace – Mahamah

By Okuneye Moyosola Mrs. Jemilat Jawulaa Mahamah is the President of Women’s International Shipping and Trading Association (WISTA), Ghana. She spoke to MMS Plus at the 25th Anniversary and Magazine Lunch of WISTA, Nigeria. In this interview, she harps on ...

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2020: Freight Agents, Truckers To Begin Indefinite Strike In January

Maritime Agencies Send Staff To NCDC For COVID-19 Test

By Kenneth Jukpor As part of efforts to force the Federal Government to address the myriad of challenges affecting business at the ports, freight forwarders and truckers have concluded plans to go on an indefinite strike from the second week ...

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Apapa Customs Collects N413billion In 2019, Exceeds Revenue Target By N41billion

Apapa Customs Collects N413billion In 2019, Exceeds Revenue Target By N41billion

By Kenneth Jukpor The Apapa Command of Nigeria Customs Service (NCS) has collected a total of N413.7bn as revenue between January and December 19th, 2019, exceeding its 2019 revenue target of N372billion by over N41billion. The Area Controller of the ...

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We still source forex from black market – Manufacturers

Emefiele assures foreign investors of funds transfer

The Manufacturers Association of Nigeria has said the majority of them still source foreign exchange from the parallel market and complain  that lending rates by commercial banks have remained at double digits, thus stifling productivity. These and other complaints are ...

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NERC’s inefficiency compounding power crises, says NSE

NERC’s inefficiency compounding power crises, says NSE

The inadequate regulation and enforcement by the Nigerian Electricity Regulatory Commission is compounding the crises currently bedevilling Nigeria’s power sector, the Nigerian Society of Engineers declared on Thursday. Participants at the society’s 52nd National Engineering Conference, Exhibition and Annual General ...

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NIPOST workers fault ceding stamp duty to FIRS

Nigeria needs N10.1trillion to improve economy

Workers of the Nigerian Postal Service on Thursday staged a protest at the headquarters of the Ministry of Finance over the plan by the Federal Government to cede stamp duty collection to the Federal Inland Revenue Service. The workers who ...

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Senate okays private security operation in Lagos ports

Senate okays private security operation in Lagos ports

The Senate on Wednesday approved the operation of the Ocean Marine Solutions Limited at the Lagos ports. The Nigerian Ports Authority had in October suspended the activities of the OMSL, which is providing security at the Secured Anchorage Area of ...

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Crude oil prices rise after bullish EIA report

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

Oil prices recouped some of their losses on Wednesday after the Energy Information Administration reported a crude oil inventory draw for the week to December 13. The draw came in at 1.1 million barrels, which compared with analyst expectations of ...

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FAAN Set To Adopt Smart Airport Concept

Covid-19: 1,739 Foreigners Evacuated In 10 Days - FAAN

By Okuneye Moyosola The Managing Director of the Federal Airport Authority of Nigeria (FAAN), Captain Hamisu Yadudu has disclosed the plans by the authority to adopt the smart airport concept in several airports across the country before the end of ...

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Forte Oil changes name to Ardova

Forte Oil changes name to Ardova

Forte Oil Plc has announced a change of name of the company to Ardova Plc. In a notice filed at the Nigerian Stock Exchange on Wednesday, the company said the change of name was approved by its shareholders at an ...

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Customs Promotion Exams Create Demmurage For Importers, Agents At Lagos Ports

Apapa Customs Records 343,471.80 Tonnes Of Export In 2018

Releasing officers missing At Tin Can, PTML By Kenneth Jukpor   Hundreds of customs agents and their importers have found themselves in anguish as they are set to suffer colossal fiscal losses following the ongoing promotional examinations for Assistant Controllers ...

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Index down 0.13 per cent as bears regain dominance on exchange

Index down 0.13 per cent as bears regain dominance on exchange

The bears upstaged the bulls at the end of yesterday’s transactions on the equities sector of the Nigeria Stock Exchange (NSE), causing the All Share Index (ASI) to depreciate by 0.13 percent. ASI fell by 34.74 points or 0.13 percent ...

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BPE defends electricity privatisation, assures of improved power supply

BPE defends electricity privatisation, assures of improved power supply

The Director-General of the Bureau of Public Enterprises (BPE), Alex A. Okoh has assured that with the various interventions by the Federal Government in the power sector, consumers in the country will soon have quality and improved electricity supply. Speaking ...

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‘Manual processes, overtime goods hamper port efficiency’

‘Manual processes, overtime goods hamper port efficiency’

The efficiency of Nigerian seaports is being hampered by poor port access roads, manual cargo examination by the Nigeria Customs Service, and the preponderance of overtime goods, according to the Seaport Terminal Operators Association of Nigeria (STOAN).Chairman, STOAN, Princess Vicky ...

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Bad roads threaten investment by terminal operators

Bad roads threaten investment by terminal operators

As terminal operators in Nigeria’s seaports continue to invest massively in ports infrastructure to enhance efficiency, there are concerns that poor access roads may jeopardise the investments, if government does not take decisive action on the menace. Stakeholders, who spoke ...

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