The nation’s power grid suffered its first collapse this year on Wednesday, plunging parts of the country into a blackout. Two of the electricity distribution companies in the country, Ikeja Electric Plc and Eko Electricity Distribution Company Plc, disclosed this ...

• Appointment seals Magu’s fate • Seeking Senate’s confirmation rubbishes FG’s earlier position, lawyers declare Abdulrasheed Bawa will become first substantive chairman of the Economic and Financial Crimes Commission (EFCC) without police training if his appointment by President Muhammadu Buhari is ...

Nigeria’s men’s senior national basketball team, D’Tigers, will take on South Sudan in their first game of the qualifiers for the 2021 FIBA Afrobasket Championship holding in Tunisia. The best teams from the qualifiers will pick the tickets for the ...

The Federal Government has been subsidising electricity supply across the country to the tune of over N50bn monthly, the Minister of Power, Sale Mamman, has said. He said the subsidy spendings were because the government was worried by the incessant ...

Fuel marketers have started adjusting their petrol pump prices amid the supply shortage facing private depots in Apapa. Our correspondent observed that some filling stations in Lagos and Ogun states increased the pump price of petrol to N170 per litre ...

The nation’s stock market finished lower on Tuesday as 20 firms saw their share prices decline at the end of trading. The Nigerian Stock Exchange All-Share Index fell by 0.19 per cent to close at 40,494.35 basis points from 40,571.67bps ...

Economic analysts on Tuesday said the continued rise in the rate of inflation across the country showed that the fight against inflation by the Central Bank of Nigeria was failing. Experts in firms such as the Financial Derivatives Company Limited ...

The Peoples Democratic Party (PDP) appears to be at the point of reinventing itself. Events of the last few weeks indicate that the party is desirous of reclaiming the seat of power in Anambra State. Apart from the several meetings ...

The Lagos Chamber of Commerce and Industry has highlighted steps Nigeria needs to take in order to fully take advantage of the opportunities offered by the World Trade Organisation under the leadership of Dr Ngozi Okonjo-Iweala. The LCCI, in a ...

• Crude oil price rises above $63 The subsidy on Premium Motor Spirit, popularly known as petrol, may have gulped at least N11.20bn in one week as the rise in global oil prices pushed up the landing cost of the ...

The naira on Monday exchanged at  473/$ at the parallel market, after trading at  477 the previous week. At the Investors & Exporters forex window, the naira hit a high of  422/$ before closing at  390/$. The Central Bank of ...

The House of Representatives says Nigeria is losing about $750m to gas flaring annually. It added that the flared gas could have been used to generate electricity for the country. The Federal Government has, however, said it is committed to ...

The Nigerian National Petroleum Corporation in its latest monthly operations report said the increase in gas supply to 789 million standard cubic feet, which was delivered to gas-fired power plants, led to the generation of 3,358 megawatts of electricity. Also, ...

* Dispatches 200 boxes in one week after Agents protest  * Shippers’ Council keeps mum, Bollore fingered By Kenneth Jukpor Despite the much publicized campaign for enhanced ease of doing business at Nigerian ports, the reality seems to be the ...

Adesuwa Okunbo Rhodes is the founder/Managing Partner, Aruwa Capital Management, one of the few women-led and owned investment firms in Sub Saharan Africa and is committed to advancing women’s economic empowerment throughout all of its investments through its gender lens ...

The demise of Ossy Prestige makes it the third member of the current 9th assembly of House of Representatives chamber to have met untimely their  death while in office. Ja’afaru Illiyasu and Mr Fagen-Gawo are two other members. Prestige before ...

 Amazon has introduced a new corporate policy for  a new delivery business for Amazon packages. It announced a vacancy for hundreds of the US individuals who want to join the new wing of Amazon Delivery Service Partners, as entrepreneurs delivering packages ...

By Kenneth Jukpor & Yusuf Odejobi Mr. Rotimi Raimi is the Port Manager, Kaduna Inland Dry Port. In this exclusive interview with MMS Plus newspaper, he bares his mind on the business of dry port operations in Nigeria. Raimi reveals ...

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 ...

By Yusuf Odejobi  One of the notable changes in the new Finance Act signed into law by President Muhammadu Buhari is the reduction in Customs levy on vehicles and this should have taken effect from January 1st, 2021. However, almost ...