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Yearly Archives: 2019

NPA wants ‘on-the-spot’ auction of overtime cargoes littering ports

NPA’s Modest Infrastructural Strides At Nigerian Ports

Irked by the huge volume of overtime cargoes occupying valuable spaces in the port’s environs, the Nigerian Ports Authority (NPA) has called for the immediate action of the cargoes. The Managing Director of NPA, Hadiza Bala Usman, who made the ...

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2020 Budget: FG Retains $55 Benchmark Despite Oil Price Spike

Crude oil, gas exports increase by 53% –NNPC

•Buhari deplores attacks on Saudi oil refinery, pledges solidarity •OPEC assesses impact of drone assaults on market Ejiofor Alike in Lagos, Omololu Ogunmade, Ndubuisi Francis and Chineme Okafor in Abuja with agency reports The federal government yesterday ruled out revising ...

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Buhari appoints Soludo, others as advisers, disbands Osinbajo’s team

FG disburses N20bn under national microfinance scheme

President Muhammadu Buhari yesterday replaced the Economic Management Team (EMT) headed by Vice President Yemi Osinbajo with an Economic Advisory Council (EAC). The new EAC, which reports directly to the president, will be chaired by an economist, Prof. Doyin Salami. ...

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FG to Extend Border Closure Beyond 28 Days

FG to Extend Border Closure Beyond 28 Days

The National Security Adviser (NSA), Major General Babagana Monguno (rtd), has said that the federal government has decided to extend the partial closure of the country’s borders beyond the 28 days earlier slated. According to Channels Television, Monguno disclosed that ...

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NNPC Agrees to $2.5bn Financing with Chinese Lender for Pipeline Project

NNPC increases June selling prices of crude oil

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has disclosed that the corporation has agreed to a $2.5 billion financing with a Chinese lender for pipeline project in Nigeria. Kyari also said that the ...

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Oil Prices Surge by 20% on Drone Strike on Saudi Arabia

US slashes imports of Nigerian oil by 60%

Brent rises to six-month high of $71 Crude oil prices have surged more than 19 per cent after a drone strike on a Saudi Arabian oil facility wiped out about five per cent of global supplies. Brent prices, according to ...

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Indices rebound by improved H1 bank earnings, materials sub-sector

Index slumps further by 3.51% as pandemic wreaks havoc on global economy

Improved half-year (H1) earnings reports presented by some banks and companies in the building materials sub-sector lifted market indices last week. Specifically, at the end of last week’s transactions on the trading floor of the Nigerian Stock Exchange (NSE), the ...

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Border Closure: “We’ve Seized 2 Trillion Bags Of Poisonous Rice At Seme” – Customs

Border Closure: “We’ve Seized 2 Trillion Bags Of Poisonous Rice At Seme” - Customs

· 100 illegal migrants arrested, as Customs send more expired rice to IDPs · FG pledges 35% reduction in shipping lines charges by next month Nigeria Customs Service (NCS) has said that it had prevented over two trillion bags of toxic rice ...

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Why Aviation Fuel Scarcity Persists In Nigeria

Why Aviation Fuel Scarcity Persists In Nigeria

By Okuneye Moyosola The recent ordeal of Nigerian pilgrims from Saudi Arabia whose travel arrangements were disrupted due to scarcity of aviation fuel (Jet A1) in the domestic market brings to the unending dilemma of aviation fuel scarcity. Is this ...

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Entrepreneurship: Growing Micro Businesses With Credit Administration – DBN

Entrepreneurship: Growing Micro Businesses With Credit Administration – DBN

By Okuneye Moyosola Maryesther Ezeadi is the Business Development and Relationship Manager at Development Bank of Nigeria (DBN). During the 3rd edition of the Women in Leadership and Career Empowerment Programme (WILCEP) Africa Mentorship programme, she presented a paper title;“Entrepreneurship: ...

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Managing Inter-Agency Rift At Nigerian Ports

Import bills, supply chain disruptions to spike inflation further

The Managing Director of Nigerian Ports Authority (NPA) and the Executive Secretary of Nigerian Shippers’ Council (NSC) Mr. Hassan Bello were sat next to each other at the 3rd Maritime Stakeholders Forum last week, when the NSC boss stood up ...

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BULLS: Gbemi’s Home Coming

Gbemisola Saraki unveils plan to overhaul Nigerian port operations

The Minister of State for Transportation, Hon Gbemisola Saraki enjoyed a glamorous homecoming in the maritime sector as industry amazons stole a moment to celebrate her, during the 3rd Maritime Stakeholders Conference, last week. It was a formal event to ...

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Hansalacious Hansatu

Hansalacious Hansatu

Hansatu Adegbite is guided by her personal mission statement which is to positively inspire, impact and invest in lives. She currently serves as the Executive Director of Women in Management, Business and Public Service (WIMBIZ) in Lagos. She has a ...

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Nigerian Seafarers To Get Training Opportunities With ITF Seafarers Fund

Nigerian Seafarers To Get Training Opportunities With ITF Seafarers Fund

By Kenneth Jukpor As part of efforts to address Nigeria’s shipping woes in seafarers’ development, the International Transport Workers’ Federation (ITF) has expressed interest in training Nigerian seafarers with its ITF Seafarers Fund. ITF African Regional Secretary, Mr. Mohammed Dauda ...

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Nigerian Ports Handled 32million MT Excess In 2018

Nigerian Ports Handled 32million MT Excess In 2018

Nigerian Ports Authority (NPA) has decried that the nation’s ports are being stretched to accommodate 32 million additional metric tonnes of cargo, beyond the capacity of the ports. The Managing Director of Nigerian Ports Authority (NPA) Ms. Hadiza Bala-Usman revealed ...

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How Transportants Can Develop Blueprint To Transform Nigeria – Babatunde

How Transportants Can Develop Blueprint To Transform Nigeria – Babatunde

By Kenneth Jukpor Dr. Samuel Babatunde is the Registrar of Ports and Terminal Management Academy of Nigeria (POTEMAN). In this exclusive interview with MMS Plus, he highlights the dynamics of human capacity building in port and terminal management. He also ...

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Border Closure Reduced Petrol Smuggling- NNPC

NNPC increases June selling prices of crude oil

The recent closure of Nigeria’s borders has significantly led to a reduction in the smuggling of Premium Motor Spirit, popularly known as petrol, out of Nigeria, the Nigerian National Petroleum Corporation has said. There were reports in July reported that ...

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FG To Deliver 4 Key Oil & Gas Projects By Q4 2019 – Sylva

FG Inaugurates Team To Monitor, Track Imported Fuel

The Federal Government has revealed plans to deliver Final Investment Decisions (FIDs) on at least four key projects within the nation’s oil and gas industry by the end of last quarter this year. Minister of State for Petroleum Resources, Chief ...

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Eland Completes Drilling Phase Of Gbetiokun 4 Development Well

Eland Oil & Gas has announced that through its joint-venture subsidiary, Elcrest Exploration and Production Nigeria, it has completed drilling phase of the Gbetiokun-4 development well. The OES Teamwork rig has successfully completed drilling operations on the Gbetiokun-4 well; the ...

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NLNG Awards Contract For Construction Of Train 7 At Bonny Plant

PETAN restates need for local content, lauds NLNG’s Train 7 stakeholders

Nigeria LNG, owners of the six train Bonny LNG plant located in Nigeria’s Niger Delta has disclosed that  it signed a letter of intent for the engineering, procurement and construction, or EPC, contract with SCD JV Consortium, to build a ...

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