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.

12 power plants suffer gas shortage, 1,610MW idle

12 power plants suffer gas shortage, 1,610MW idle

Twelve power plants in Nigeria could not generate 1,609.9 megawatts of their total installed capacity on Sunday as a result of gas constraints. The total unutilised electricity generation capacity in the country stood at 2,242.1MW as of 6am on Sunday, ...

Read More »

FG spends N568.5bn annually on power tariff shortfalls – World Bank

FG spends N568.5bn annually on power tariff shortfalls – World Bank

• FG questions bank data accuracy The Federal Government of Nigeria is spending $1.5bn (N568.5bn at N379/$ exchange rate) annually to fund electricity tariff shortfalls, the World Bank has said. According to the global financial institution, this amount could further ...

Read More »

AfCFTA In Danger Over Rules Of Origin

AfCFTA In Danger Over Rules Of Origin

·  Nigeria’s preparation is inadequate – LCCI ·  Customs await update from National Action Committee By Kenneth Jukpor Three years after the signing of the African Continental Free Trade Area (AfCFTA), the region and top countries like Nigeria have shown ...

Read More »

Drug Abuse At Nigerian Port Environs

Drug Abuse At Nigerian Port Environs

“Drugs are the enemies of ambition and hope, and when we fight against drugs we are fighting for the future.” – Bob Riley The prevalence of drug abuse and trafficking is one of the most dangerous activities in the world ...

Read More »

ECONOMY: ECB Keeps Refi Rate at 0%; Nigerian States’ IGR Fall by 1.93% to N1.31 Trillion in FY 2020…

ECONOMY: FG Considers Reduction of Costs, Merge MDAs amid Shortfall in Revenue…

CWR, Cowry Weekly Financial Market Review Outlook Friday, April 23, 2021

Read More »

Blissful Blessing

Blissful Blessing

Blessing Okebe is Facebook and Google certified Digital Marketer and a corporate event host. She is the founder of Building Influential Brands, Facebook communities focused on helping individuals discover what they want to be known for, build influence and visibility ...

Read More »

BULLS: HBD! Sir Afolabi

BULLS: HBD! Sir Afolabi

Taiwo Olayinka Afolabi, the founder and CEO of SIFAX Group will clock 59 on Thursday, this week. The indefatigable businessman began his professional career with Nigerian Express Agencies Limited until 1988 when he left to establish SIFAX Group. Since its ...

Read More »

BEARS: Hungry Lions

BEARS: Hungry Lions

Images of malnourished looking lions recently went viral on the internet. The photos were reportedly taken at the zoo in Obafemi Awolowo University (OAU) and Univeristy of Ibadan (UI)  and the lions were looking skinny, bony and could barely walk. ...

Read More »

Tackling The Menace Of Rickety Trucks

Tackling The Menace Of Rickety Trucks

By Yusuf Odejobi News of containers falling off trucks conveying them has become worrisome and there is a dire need to mitigate these accidents which have led to avoidable loss of several lives and valuable properties. While these increasing occurrences ...

Read More »

Saving Air Freight Cost With Right Packaging Solution

Saving Air Freight Cost With Right Packaging Solution

As air shipping becomes more affordable and more widely available, many companies have turned to it as a fast and reliable option. Air shipment can move your products much more quickly than land or sea freight, but there are some ...

Read More »

Drones Can Save Nigeria’s Oil Sector $1.3 Billion Annually –  Ajiboye 

Drones Can Save Nigeria's Oil Sector $1.3 Billion Annually -  Ajiboye 

By Kenneth Jukpor & Yusuf Odejobi Engr. Ronald Opeyemi Ajiboye is an Aerospace Engineer and the Chief Executive Officer of Track Your Build. In this exclusive interview with MMS Plus newspaper, he bares his mind on a myriad of issues ...

Read More »

Post Concession: Port Performance Evaluation

Post Concession: Port Performance Evaluation

By Eugene Nweke Maritime stakeholders can recall that in 2005 the World Bank Maritime study groups diagnosed the missing gaps and factors responsible for the deterioration of quality port services to include: a. Government control port sector, thrived on a ...

Read More »

Financial institutions will fund N1.8tn COVID-19 stimulus package – FG

Financial institutions will fund N1.8tn COVID-19 stimulus package – FG

The Federal Government on Thursday said about N1.8tn of its N2.3tn COVID-19 economic stimulus package would be funded by financial institutions. It also disclosed that about N288bn from the N500bn of the package funded through the 2021 budget has so ...

Read More »

NDPHC, Disco sign agreement on 250MW stranded power

NDPHC, Disco sign agreement on 250MW stranded power

The Niger Delta Power Holding Company has signed a framework agreement with Benin Electricity Distribution Company to deliver additional 250 megawatts from stranded power to customers within the franchise area. NDPHC announced this in a statement issued in Abuja on ...

Read More »

Reps query govt, agency reports on gas flaring

Reps Summon NNPC, CBN, FIRS, EFCC, Probe Illicit Financial Flows

The House of Representatives has resolved to investigate the amount of gas so far flared in Nigeria to address the discrepancies in the figures being released by both government and oil companies. At the plenary on Thursday, the House specifically ...

Read More »

Nigeria businesses lose $29bn annually to poor electricity – World Bank

12 power plants suffer gas shortage, 1,610MW idle

The World Bank on Wednesday said businesses in Nigeria lose about $29bn annually as a result of the country’s unreliable electricity. It also observed that Nigeria had the largest number of people without access to electricity in the world, as ...

Read More »

Reps probe delay in ports concession, privatisation review

Reps probe delay in ports concession, privatisation review

The House of Representatives has resolved to investigate the delay in the review of the agreements signed by the Federal Government for the privatisation and concession of seaports across the country. The House, at the plenary on Wednesday, mandated the ...

Read More »

Customs impounds 42 drums of explosives from Benin Republic

Customs impounds 42 drums of explosives from Benin Republic

• Seizes N3.1b contrabands • Records $70.8m export trade in Q1 at Onne Port The Federal Operations Unit (FOU), Zone A of the Nigeria Customs Service (NCS), yesterday, intercepted 42 drums of calcium carbide smuggled into the country from the Benin ...

Read More »

Importers lose N16bn yearly to foreign shipping firms

Importers lose N16bn yearly to foreign shipping firms

For about three years now, Nigerian importers have been paying an arbitrary fee of N16 billion yearly as container deposit fees to foreign shipping companies. Executive Secretary, Nigerian Shippers Council (NSC), Hassan Bello, who disclosed this during a press conference ...

Read More »

Shippers fret over increase of freight rates

Shippers fret over increase of freight rates

Nigerian shippers have expressed worry over the increase freight rate on shipments from Europe and Asia to Lagos from less about $3,500 for a 40-foot container to $13,500 due to scarcity of empty containers. Media learnt that shipping companies in ...

Read More »
× Get News Alert