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Modular bitumen exploitation commences in Ondo

Modular bitumen exploitation commences in Ondo

A firm, the South West Bitumen Limited, has begun the modular exploitation of bitumen deposits in Ondo State. It was gathered that the firm, had secured a 25-Year Renewable Operational Mining License for the exploitation of the mineral deposit at ...

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Nigerians pay N47.6b in four months for petrol ‘subsidy’

Nigeria’s oil projects threatened as IOCs suffer $27.8bn loss

• Govt fails to keep uniform pricing despite fund • Pressure on govt to scrap equalisation fund • Marketers kick Government, in March this year, announced total deregulation of petrol across the country, but Nigerians still pay average of N11.9 ...

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Nigeria exports $81.48bn electricity on credit as country’s blackout persists

Nigeria exports $81.48bn electricity on credit as country’s blackout persists

Three neighbouring countries bought a total amount of electricity worth $81.48bn from Nigeria in the last two years, even as many households and businesses in the country continued to suffer blackout, ’Punch reports The invoices given to the Republics of ...

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14 airports now open to domestic flights – FG

14 airports now open to domestic flights – FG

The Federal Government on Sunday announced that 14 airports were now opened for domestic commercial flight operations. Minister of Aviation, Hadi Sirika, who announced this in a tweet through his official Twitter handle, said the airports had resumed full domestic ...

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How NDDC Lavished N769bn In 15 Years, Spent N2.5billion On Audit

How NDDC Lavished N769bn In 15 Years, Spent N2.5billion On Audit

·  Oil producing states squandered N8trn in 20 years ·  Unpaid levies got CRFFN delisted from FIATA ·  COVID-19, Associations’ fracas stalls re-accreditation   By Kenneth Jukpor Over N769billion has been squandered by the Niger-Delta Development Commission (NDDC) from 2004 ...

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ECONOMY: FG Plans to Borrow N4.28 Trillion, Spend N12.66 Trillion in 2021; MPC Holds MPR at 12.50%…

ECONOMY: FG Plans to Borrow N4.28 Trillion, Spend N12.66 Trillion in 2021; MPC Holds MPR at 12.50%…

CWR, Cowry Weekly Financial Market Review Outlook Friday, July 24, 2020

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COVID-19 Lessons From CBN Interventions

COVID-19 Lessons From CBN Interventions

The COVID-19 pandemic has come as a force majeure. As a consequence, the country’s large appetite for importation of everything under the sun has been temporarily suspended and the wish is for it to be permanently suspended. Although we may ...

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BULLS: Abuse of Power!

International Flights: Travellers To Arrive Three Hours Before Take-Off - PTF

In a normal society rules are obeyed irrespective of your political or social status; but the reverse is the case in Nigeria as the political  class ensure they flout the laws. With the recent reopening of the country airspace, there ...

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Lolacious Lola

Lolacious Lola

Lola Olusola is the Product Manager at One Finance and Investment (Carbon). She is an experienced creative and digital professional with a demonstrated history of working in the eCommerce and fashion industry. Lola is the brain behind the Bloom initiative ...

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Recycling: Unearthing Wealth From Waste In Nigeria

Recycling: Unearthing Wealth From Waste In Nigeria

By Kenneth Jukpor Over 100 young Nigerians are engaged in the business of selling dirt, mostly used plastic bottles, metals and ceramics to recycling companies; from just this dirt hub at Alakija, Lagos/Badagry expressway. A lot of people in Nigeria, ...

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BULLS: MMS Celebrants

BULLS: MMS Celebrants

Money Management Series (MMS) Plus felicitates with its Editor, Mr. Kenneth Jukpor and the dynamic Graphic designer, Mr. Francis Iyonmana who celebrated their birthday on Wednesday. These characters are the company’s Team ‘July 22’ who continuously make notable  contributions to ...

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Marine Accidents: Maritime Workers Need Better Insurance – Adeyanju

Marine Accidents: Maritime Workers Need Better Insurance - Adeyanju

By Kenneth Jukpor Comrade Adewale Adeyanju is the President-General of Maritime Workers Union of Nigeria (MWUN). In this interview with MMS Plus, Adeyanju speaks on the significance of inter-agency collaboration in the maritime sector, challenges facing seafarers and port workers ...

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Marketers Imported 536,000MT Of Petrol After Deregulation – PPPRA

Marketers Imported 536,000MT Of Petrol After Deregulation - PPPRA

Oil marketing companies imported 536,000 metric tonnes of petrol after the downstream sector was deregulated on March 19 this year, the Petroleum Products Pricing Regulatory Agency has said. Before March 19, 2020, the Nigerian National Petroleum Corporation (NNPC) operated as ...

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Regional Off-Grid Power Project Will Benefit Nigeria – World Bank

Regional Off-Grid Power Project Will Benefit Nigeria - World Bank

The Programme Manager, Lighting Africa/Nigeria, Allwell Nwankwo, has said Nigeria will benefit from the Lighting Africa-supported Regional Off-Grid Electrification Project, which aims to increase electricity access to households, businesses, and communities through modern off-grid electrification across Western Africa. The Lighting ...

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Payment For Nigerian Oil Block Transparent – Eni

We obeyed law on OPL 245 – Eni

An Italian oil major, Eni said on Wednesday that payment for the Nigerian offshore oil block, Oil Prospecting Licence 245, acquired by it and Shell was made directly to the Federal Government through transparent means. Eni and Shell jointly acquired ...

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How To Maximize Investment Opportunities At Nigerian Airports

Minister meets NAAPE over two-week ultimatum, mass sack

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 would take you through a detail process of how to ...

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Oil falls to $43 as US crude inventories rise

Oil falls to $43 as US crude inventories rise

Oil prices fell on Wednesday as the United States government data showed a surprise rise in the country’s crude inventories, and as tensions escalated between the US and China. The international oil benchmark, Brent crude, fell 55 cents, or 1.2 ...

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MAN, LCCI decry inaccessible N50bn COVID-19 loan

MAN, LCCI decry inaccessible N50bn COVID-19 loan

Many Micro, Small and Medium Enterprises who are members of the organised private sector have decried their inability to access the loan offered by the Central Bank of Nigeria for MSMEs and household impacted by the coronavirus pandemic. It was ...

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FG’s July bonds oversubscribed by N340.13bn

FG’s July bonds oversubscribed by N340.13bn

The Federal Government Bonds for the month of July worth N130bn, which were auctioned on Wednesday, were oversubscribed by N340.13bn, the Debt Management Office has said. The total subscription received for the bonds was N470.13bn, comprising of N71.97bn for the ...

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Stakeholders stalling Apapa congestion clearing, says Opeifa

Stakeholders stalling Apapa congestion clearing, says Opeifa

Team Leader on the Presidential Committee on Clearing of Apapa Port and Access Roads, Kayode Opeifa, has accused manufacturers, shippers and freight forwarders of not showing enough interest in port activities. Opeifa challenged stakeholders at the Maritime Anti-Corruption Network webinar ...

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