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Yearly Archives: 2019

Court approves Seplat’s acquisition of Eland Oil

Court approves Seplat’s acquisition of Eland Oil

Seplat Petroleum Development Company Plc has announced the approval of the court on its acquisition of Eland Oil Plc. In a notice filed at the Nigerian Stock Exchange on Tuesday, Seplat said the boards of Seplat and Eland had announced ...

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Customs earn N4.9bn, seize N1.6bn goods at Seme

Managing Customs Import-Export Dilemma

The Seme Area Command of Nigeria Customs Service says its tariffs collections for 2019 hit N4.94bn at the end of November. The Command also recorded 1,302 seizures of smuggled and contraband goods with duty paid value of N1.57bn within the ...

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Nigeria, others pushed global debt to $188tn – IMF

Nigeria, others pushed global debt to $188tn – IMF

Total global debt rose by $3tn to $188tn at the end of 2018 as Nigeria, China and other countries increased their borrowings, the International Monetary Fund said on Tuesday. Nigeria’s total public debt, which stood at N21.73tn as of December ...

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Court awards disputed Soku oilfield to Rivers, orders Bayelsa to refund derivation funds

Court awards disputed Soku oilfield to Rivers, orders Bayelsa to refund derivation funds

Bayelsa State is to refund the 13 per cent derivation it has received over the years from the disputed Soku oilfield to its neighbouring Rivers. The development followed a ruling of a Federal High Court sitting in Abuja yesterday which ...

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Nigerians spent N509.8bn on imported used vehicles in nine months

Nigerians spent N509.8bn on imported used vehicles in nine months

Within a nine-month period covering January to September this year, Nigerians spent about N509.8bn importing used vehicles into the country. The figure was arrived at based on  an analysis of the foreign trade in good statistics obtained from the National ...

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Angola’s national carrier begins flight to Nigeria

Angola’s national carrier begins flight to Nigeria

Angola’s national carrier, TAAG Angola Airlines, has commenced flights into Nigeria. The airline’s maiden flight arrived at the Murtala Muhammad International Airport, Lagos on Monday afternoon. The Chief Executive Officer, TAAG Angola Airlines, Dr Rui Carreira, said the over 50-year ...

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Refineries lost N111bn in nine months, says NNPC

NNPC increases June selling prices of crude oil

The three refineries owned by the Federal Government lost a total of N111.27bn from January to September this year, the Nigerian National Petroleum Corporation said in its September report. The refineries posted a loss of N96.31bn in the same period ...

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Fuel consumption hits 67.66 million litres/day, subsidy gulps N10.1bn

FG retains N125/litre petrol price despite crude oil crash

The average daily consumption of petrol has hit 67.66 million litres, indicating an increase of 33.89 million litres when compared to daily consumption figures recorded in September 2019. According to the Petroleum Products Pricing Regulatory Agency, latest weekly data covering ...

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Foreign reserves drop by $558.68m in two weeks

CBN extends accounts submission deadline for MfBs, others

The country’s foreign exchange reserves continued its downward trend as it dropped from $39.8bn on November 11 to $39.24bn on December 13, latest figures from the Central Bank of Nigeria have revealed. The reserves fell by $1.26bn from $41.76bn on ...

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Ports and Cargo Terminal Acquires New Equipment Worth $21Million  

Ports & Cargo Terminal Acquires New Equipment Worth $21Million

As part of efforts to maintain its role as one of the leading terminal operators for importers, exporters and shippers in Nigeria and West Africa at large, Ports & Cargo Handling Services Limited, the flagship company of SIFAX Group, has ...

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NNPC posts N5.2bn surplus

NNPC swapped N3.04tn crude for refined products

The Nigerian National Petroleum Corporation on Sunday announced a trading surplus of N5.2bn for August, reflecting an increase of 22 per cent when compared with the N4.26bn surplus posted in July. It also announced that a total of 1.92 billion ...

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Dangote refinery’ll help Nigeria save $10bn forex — Minister

FG, states, LGs record N413.3bn allocation shortfall

The Minister for Finance, Budget and National Planning, Mrs Zainab Ahmed, said on Sunday that the refinery being built by Dangote refinery in Lagos would help the country save $10bn foreign exchange when completed. Ahmed, who stated this during a ...

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IS IT LOVE THAT HURTS?

ARE THERE MISTAKES IN LOVE?

The confusion that comes before we know how they feel and the nights we stay up wondering if they want us, if they like us if they care and wondering if they are thinking about us as much as we’re ...

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Buhari may sign 2020 budget on Tuesday

Nigeria, Ethiopia sign pact on visa waiver, defence

Barring any last-minute change, the President, Major General Muhammadu Buhari (retd.), is billed to assent to the 2020 Appropriation Bill on Tuesday. The PUNCH reported National Assembly’s source on Sunday said that the Presidency had invited the leadership of the federal ...

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Lagos Ports Access Chaos: Terminal Operators Frustrate Plans To Eliminate Gridlock—Presidential Task Team

Lagos Ports Access Chaos: Terminal Operators Frustrate Plans To Eliminate Gridlock—Presidential Task Team

·  FG must crush individuals, companies liable for Apapa traffic – League of Editors ·  There won’t be lasting solution without inter-modalism – NPA ·  Why I abandoned 2019 IMO Council Elections – Amaechi By Kenneth Jukpor The age-long traffic congestion at ...

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Mosubulous Mosun

Mosubulous Mosun

Mrs. Mosun  Belo- Olusoga is the Chairman, Board of Directors, Access Bank. She is also the Principal Consultant/Programme Director of The KRC Limited. She served on the Board of Asset and Resource Management Company and previously chaired the Equipment and Leasing ...

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Multimodal Transport Veterans Integrate At CIoTA National Summit

Multimodal Transport Veterans Integrate At CIoTA National Summit

The maiden edition of the National Transport Summit organised by the Chartered Institute of Transport Administration (CIoTA) Nigeria in Abuja last week, had faces from all modes of transportation in a bid to link all modes and address recurring challenges. ...

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WISTA-Nigeria Marks 25th Anniversary In Style 

WISTA-Nigeria Marks 25th Anniversary In Style 

Women’s International Shipping and Trading Association, WISTA Nigeria celebrated its 25th Anniversary recently at Oriental hotel, Lagos. The event was graced by tiop stakeholders in the maritime sector while the association also launched its 2019 magazine. Enjoy the photos.

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BEARS: Okhiria’s Hotline

BEARS: Okhiria's Hotline

Do you think you have a hotline that rings frequently? If you do, you would understand how perplexing it could be to have very important calls coming in while you are equally working on something urgent and important. The esteemed ...

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BULLS: Yuletide Greetings

BULLS: Yuletide Greetings

We at Kings Communications Limited, Publishers of MMS Plus Newspaper, wish all our partners, supporters and stakeholders in the transport industry a Merry Christmas and Prosperous New year ahead. During this festive season of giving, let us enjoy the simple things that ...

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