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Monthly Archives: January 2021

Managing Nigeria’s Offshore Investments

Managing Nigeria’s Offshore Investments

International energy companies working in Nigeria are worried that proposals in the country’s long-delayed oil industry law will deter investment in new offshore projects. At least half of Nigeria’s total crude output is from offshore oilfields, helping to offset declining ...

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Fabulous Fatumata

Fabulous Fatumata

Fatumata Soukouna Coker has over 20 years of experience working with Fortune 500 companies in the high-tech industry, including extensive global management responsibilities at IBM in the USA, African experience at Microsoft and Nigerian experience at Soft Solutions Limited, a ...

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Why FG’s Fiscal Incentives Elude Nigerian Ship-Owners

Why FG’s Fiscal Incentives Elude Nigerian Ship-Owners

Leadership crisis,  greed kill indigenous shipping -Omatseye How AMCON can salvage seized vessels – Experts By Kenneth Jukpor Nigerian ship owners and the entire maritime industry may be responsible for the continued harsh fiscal environment occasioned by numerous charges such ...

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ECONOMY: Revenue from VAT Increases by 29.26% to N1.53 trillion in 2020; MPC Holds Key Rates…

ECONOMY: FG, Siemens Sign Pre-engineering Contract to Boost Power Generation to 25,000MW…

CWR, Cowry Weekly Financial Market Review Outlook Friday, January 28, 2021

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BEARS: PIB Boxing Ring!

BEARS: PIB Boxing Ring!

Pandemonium as fight broke out between two members of host communities who had come to make presentations at the public hearing on the Petroleum Industry Bill (PIB) held at the House of Representatives in the National Assembly Complex. The fight ...

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BULLS: Happy Birthday Frank! 

BULLS: Happy Birthday Frank! 

Otunba Frank Ogunojemite, the National President of Africa Association of Professional Freight Forwarders and Logistics in Nigeria, (APFFLON) clocked a year older on Friday, last week. The freight forwarding industry in Nigeria is blessed with several gladiators but Frank is ...

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Exploring Strategies To Boost FDIs In Nigeria

Exploring Strategies To Boost FDIs In Nigeria

By Yusuf Odejobi The latest report from the United Nations Conference on Trade and Development (UNCTAD) shows a continuous sharp decline in Global Foreign Direct Investment (FDI) into Africa’s largest economy due to global coronavirus restriction. This is coming despite ...

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How To Start Fish Farming in Nigeria

How To Start Fish Farming in Nigeria

By Ayoola Olaitan Shippers Guide is the learning page of MMS Plus newspaper. Here you learn the 5Ws and most important ‘H’ on various aspects of shipping. This week, we will take you through a detailed process of how to ...

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A Dangerous Politics of Security

A Dangerous Politics of Security

It might have been a mere coincidence that at last PresidentMuhammadu Buhari “accepted” yesterday the “resignations of service and theirretirement” at a time the political consequences of rising insecurity aredangerously becoming manifest. However, not a few would draw a link ...

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Nigeria Has Lowest Ground Handling Charges In Africa -Fagbemi

Nigeria Has Lowest Ground Handling Charges In Africa -Fagbemi

In this interview, the Managing Director, Nigerian Aviation Handling Company Plc (NAHCO Aviance), Mrs. Olatokunbo Fagbemi, bares her mind on several pertinent issues in ground handling operations, giving detailed responses on other pertinent issues in the industry. Enjoy it: By ...

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Maritime Can’t Spur National Development Without Marine Environment Management – Amaechi

Maritime Can't Spur National Development Without Marine Environment Management - Amaechi

By Kenneth Jukpor  The Minister of Transportation, Hon. Rotimi Amaechi has identified marine environment management as a crucial factor that enables the maritime sector to contribute to national economic growth. According to the Transport Minister, a clean and safe marine ...

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Forex crisis, major nightmare facing manufacturers, says MAN

Forex crisis, major nightmare facing manufacturers, says MAN

The acute shortage of foreign exchange in Nigeria is a major operational nightmare facing manufacturers in the country, the Manufacturers Association of Nigeria said on Thursday. The association, in its MAN CEOs Confidence Index for the fourth quarter of 2020, ...

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FG expecting PIB passage by National Assembly in April – Sylva

FG gas expansion to lift 100m out of poverty —Minister

The Federal Government is expecting the passage of the Petroleum Industry Bill by the National Assembly in March or April, the Minister of State for Petroleum Resources, Chief Timipre Sylva, said on Thursday. Sylva said this on the side-lines of ...

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Nigeria redeems $500m Eurobond, $10.37bn outstanding

Nigeria redeems $500m Eurobond, $10.37bn outstanding

The Debt Management Office has said that Nigeria’s 6.75 per cent $500m January 2021 Eurobond, which matured on Thursday, will be redeemed. It disclosed this on Thursday in a press release titled ‘Nigeria redeems $500m’. The DMO had earlier disclosed ...

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Renewables can’t overtake oil in decades –OPEC

OPEC cautions Nigeria, others over crude oil production

The consumption of renewable energy cannot come anywhere close to overtaking oil and gas usage in the decades ahead, the Organisation of Petroleum Exporting Countries said on Wednesday. Secretary-General, OPEC, Mohammad Barkindo, said this in his special address at the ...

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Importers must monitor agents, NAFDAC warns

Importers must monitor agents, NAFDAC warns

The Director-General of the National Agency for Food and Drug Administration and Control, Prof. Mojisola Adeyeye, has warned importers of NAFDAC-regulated products to monitor the transactions of their clearing agents in order to avoid any embarrassment that may be caused ...

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MTN begins NIN enrollment in Lagos, Abuja, PH

MTN begins NIN enrollment in Lagos, Abuja, PH

MTN has said it has commenced enrollment for National Identification Number. MTN’s Senior Manager, External Relations, Funso Aina, told our correspondent that the telco had secured Nigerian Identity Management Commission licence for NIN enrollment and had begun enrollment at some ...

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Ogbeifun @70: Saraki, Usoro, Others To Speak At Maritime Summit

Ogbeifun @70: Saraki, Usoro, Others To Speak At Maritime Summit

By Kenneth Jukpor The Minister of State for Transportation, Senator Gbemi Saraki, the Immediate past Secretary General of the Memorandum of Understanding on Port State Control for West and Central African Region, Barr. (Mrs.) Mfon Usoro and other maritime veterans ...

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How Govt Encourages Corruption In Agencies – Ex-CRFFN Chairman

GOOD Corruption: How CRFFN Spent N3.9billion 2017 Budget

By Kenneth Jukpor A Former Governing Council Chairman of the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) Hakeem Olanrewaju has blamed the federal government for encouraging corruption in government agencies using CRFFN as a case study. The ...

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Nigeria generated N2.9tn from VAT, CIT last year

Nigeria generated N2.9tn from VAT, CIT last year

• Company income tax fell by 13 per cent • Banks, telecos lead contribution • Textile most improved source of income tax in 2020 Nigeria generated a total of N2.94 trillion in income from value-added tax (VAT) and company income ...

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