Home / mms plus

Author Archives: mms plus

Copyright MMS Plus. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from Kings Communications Limited.

NCDMB seeks participation of local firms in gas project

NCDMB seeks participation of local firms in gas project

The Executive Secretary, Nigerian Content Development and Monitoring Board, Simbi Wabote, has called for the inclusion of local companies in the implementation of Nigerian Liquified Natural Gas Company Train 7 Project. Wabote made the call, according to a statement titled ...

Read More »

CBN plans 60% cut in wheat imports by 2023

External Reserves Dropped By $640m In May – CBN

The Central Bank of Nigeria Governor, Godwin Emefiele, has disclosed plans to reduce wheat importation by 60 per cent by 2023. Emefiele spoke in Gombe on Thursday at the launch of the 2020 wet season harvest aggregation and the second ...

Read More »

Reps summon Customs’ auditors over non-presentation of accounts

Customs CG Lauds Apapa Controller For Drug Seizure

The House of Representatives’ Committee on Public Accounts on Thursday summoned the auditors engaged by the Nigeria Customs Service over the failure of the service to render its audited financial accounts to the Office of the Auditor General of the ...

Read More »

Petrol price hike imminent as NNPC declares N120bn subsidy unsustainable

Petrol price hike imminent as NNPC declares N120bn subsidy unsustainable

The Group General Manager, Nigerian National Petroleum Corporation, Mele Kyari, on Thursday said the Federal Government subsidises Premium Motor Spirit with about N120bn ($263.25m) monthly. He said while the actual cost of importation and handling charges amounts to N234 per ...

Read More »

BUA chairman Rabiu launches $100m annual Africa fund

BUA chairman Rabiu launches $100m annual Africa fund

The Abdul Samad Rabiu Initiative has launched a $100m Annual Africa Fund for social development and renewal; $50m to Nigeria and $50m to the rest of the continent. The Chairman of BUA Cement, Abdulsamad Rabiu, said in a statement on ...

Read More »

Banks credit to economy hits N43.67tn

CBN may start printing Gambia’s currency, says Emefiele

Banks’ credit to the economy rose by N75bn to N43.67tn as of the end of February from N42.92tn in January. The Central Bank Governor, Godwin Emefiele, disclosed this on Tuesday in Abuja. He said, “Provisional data showed that banking system ...

Read More »

Apapa gridlock: Transporters say e-call fraudulent, embark on protest

Facts And Fallacies Of Channel Management

Truckers under the auspices of Tin Can Island Transporter Operators have said that the electronic call-up system has failed to address the gridlock, alleging that the process was fraudulent. To that effect, they began on a three-day protest on Tuesday ...

Read More »

Airlines must pay all charges except duty, VAT -NCS

Airlines must pay all charges except duty, VAT -NCS

The Nigeria Customs Service on Tuesday said airlines operating across the country including Air Peace must pay all other appropriate charges aside from Customs duty and Value Added Tax for the importation of aircraft and spare parts. It said this ...

Read More »

Cargo Tracking Note: Building A Security-Conscious Nation In Revenue Gloom

Cargo Tracking Note: Building A Security-Conscious Nation In Revenue Gloom

Nigeria has been besieged by the outbreak of violence and conflicts which have over the years claimed thousands of lives and property. This is owing to the activities of kidnappers, armed robbers, sea pirates, political thugs, arms traffickers and the ...

Read More »

Shippers’ Council Lauds NPA On E-Call- Up System, Seeks Stakeholders’ Patience

Shippers’ Council Urges Govt Agencies To Support Joint Vessels Inspection

Banking on the strength of technology, the Nigerian Shippers’ Council(NSC) has commended the Nigerian Ports Authority(NPA) on the introduction of the electronic call- up system to ease the  perennial gridlock on the Apapa ports access roads. This commendation is coming ...

Read More »

Fuel marketers raise diesel price to N265 per litre

Petrol landing cost hits N216, daily subsidy now N4.64bn

Fuel marketers raise diesel price to N265 per litreAgainst the backdrop of the recent rise in global oil prices, some fuel marketers have increased the price of Automotive Gas Oil, also known as diesel, to a new high of N265 ...

Read More »

Only 47 money transfer operators are licensed – CBN

Experts carpet CBN, say serial naira devaluation threatens economy, Nigerians

The Central Bank of Nigeria has released the list of 47 International Money Transfer Operators that are licensed to operate in the country. It disclosed this on its website in a document titled ‘List of approved International Money Transfer Operators ...

Read More »

FG orders immediate resumption of domestic flights catering services

FG bars 22-year aircraft from Nigeria, releases N5bn aviation bailout

Catering services, hitherto suspended at the onset of the COVID-19 pandemic are to resume on domestic flights immediately, the Federal Government declared on Monday. Minister of Aviation, Hadi Sirika, disclosed this at the briefing of the Presidential Task Force on ...

Read More »

AfCTA: Nigeria plans $50bn intra-Africa exports

Tough times ahead for states as FG insists on bailout repayment

The National Action Committee on African Continental Free Trade Area Agreement has disclosed plans to achieve economically viable communities in Nigeria by growing its intra-Africa export trade volume to $50bn by 2035. The Senior Special Assistant to the President and ...

Read More »

NPA seals three illegal jetties

Port Concession Intrigues: FG Abandons NPA’s Concession Review Exercise

The Nigerian Ports Authority has sealed three illegal jetties in its bid to clamp down on unseaworthy barges following increasing reports of abuse of process in the operation of barges and private jetties. A statement issued by the authority on ...

Read More »

INEC plans online voter registration, targets 16 million Nigerians

INEC plans online voter registration, targets 16 million Nigerians

In a bid to address the cumbersome process of voter registration at the various centres in Nigeria ahead of the 2023 general elections, the Independent National Electoral Commission, has said part of the registration exercise will be done online while ...

Read More »

ECONOMY: Nigeria’s Debts Stock Hits N32.92 Trillion in FY 2020; Inflation Rises to 17.33% in Feb. 2021…

ECONOMY: Inflation Rate Falls Further to 17.93% in May 2021 on High Base Year Effect…

CWR, Cowry Weekly Financial Market Review Outlook Friday, March 19, 2021 (1)

Read More »

Amazing Amara

Amazing Amara

Amara Kanu-Nwankwo is perhaps famous for her football celebrity husband but over the years, she has proven that there is more to her than being a celebrity’s wife. She is a fitness and wellness coach as well as an author. Amara ...

Read More »

BEARS: Fifth ‘Real Estate’

Following the recent barge accident that occurred in Lagos with containers falling into the water channel, a group comprising freight forwarders, shippers, traders and legal practitioners organized a media briefing. The conference was a serious affair devoid of humour until ...

Read More »

BULLS: NDLEA Gets Speed Boat

BULLS: NDLEA Gets Speed Boat

Pleased with series of illicit drugs seized by National Drug Law Enforcement Agency (NDLEA) across Lagos (at Murtala Muhammed airport, the Tincan seaport and Apapa seaport) after Gen. Buba Marwa came on board as the Chairman of NDLEA, the British ...

Read More »
× Get News Alert