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Author Archives: mms plus

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Corruption In Customs Has Assumed Alarming Proportion – Oboh

Corruption In Customs Has Assumed Alarming Proportion - Oboh

Mr Lucky Oboh is the Chairman Association of Registered Freight Forwarders of Nigeria (AREFFN), Ports and Terminal Multi-services Limited (PTML)in this Exclusive interview with MMS Plus, he highlights the effects of the tension created by the appointment of a change ...

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Le looks Celebrates 30th Anniversary

Le looks Celebrates 30th Anniversary

Le look Nigeria Limited sets to  Celebrate its 30th Anniversary  on the 1st of October, 2015, at  Le Look  head office, 53 Lawson Street, off Moloney street Lagos Island, Lagos. The Chief Executive Officer(CEO) Mrs. C. F .O. Ezenwa who ...

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BoI Secures $100m AfDB Loan For SMEs

BoI Secures $100m AfDB Loan For SMEs

To aid its development financing objectives, especially to Small and Medium Enterprises, the Bank of Industry has secured a $100m line of credit from the African Development Bank. According to the bank, the line of credit, which is designed for ...

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Nigerian Banks Experiencing Dollar Shortage – Fitch

Fitch downgrades FirstBank, GTB, Zenith, Diamond to negative

Nigerian banks are still experiencing shortage of dollar and other foreign currencies despite the Central Bank of Nigeria’s recent attempt to boost liquidity in the banking system, global rating agency, Fitch Ratings, has said. Specifically, Fitch said the Tuesday’s decision ...

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MMS Hall Of Fame Is About Building The Next Generation Of Leaders  – Anaroke

My Style Is Unusual

Last week, we brought you an exclusive interview by Mr. Kingsley Anaroke, publisher/Editor-in-chief of MMS Plus, a robust Maritime Newspaper, and the founder of the MMS Hall of Fame, an annual platform set up to spotlight successful women in the ...

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SARAKIGATE: The Plot Thickens

Nigerians may access SME loans with movable assets

If the current drama revolving around the Senate President, Sen. (Dr.) Bukola Saraki, the Federal Government and the allegation that Saraki had falsely declared his asset while he was the governor of Kwara State, was to be put in motion ...

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Total E&P Nigeria Appoints Nicolas Terraz As Managing Director

Operators holding back investments, reducing drilling – Total MD

Replaces Elizabeth Proust The Board of Directors of Total E&P Nigeria has appointed Nicolas Terraz as the managing director/ CEO of Total E&P Nigeria Limited (TEPNG), with effect from September 17, 2015, a statement by the French oil giant said. ...

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Freight Forwarders Charge Ali To Hit the Ground Running

Freight Forwarders Charge Ali To Hit the Ground Running

As the days count under the dispensation of the new Customs’ boss and expectations from the former Army Colonel by industry stakeholders remain high, freight forwarders in the country, under the aegis of the Concerned Accredited Freight Forwarding Associations (CAFFA), ...

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Drop In Oil Price: Nigeria Loses $8m In One Month

Drop In Oil Price: Nigeria Loses $8m In One Month

Nigeria lost some $8.65 million to drop in average price of crude from $61.27 per barrel in June to $56.76 in July, according to the finance ministry. Soft oil prices have dealt a blow to government resources and there are ...

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Ali Pledges To Maintain Standard Of Customs Staff College

Ali Pledges To Maintain Standard Of Customs Staff College

The Comptroller-General of the Nigerian Customs Service (NCS), Col. Hameed Ali (Rtd) has expressed his determination to ensure that the Customs Staff College remains a World class training institution. According to a release signed by the Customs Public Relations Officer ...

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Heritage Bank completes integration with Enterprise Bank

Heritage Bank completes integration with Enterprise Bank

The Chairman, Board of Directors, Heritage Bank Limited, Mr. Akinsola Akinfemiwa, says the bank is set for a seamless operation following the completion of the merger between Heritage Banking Company Limited and Enterprise Bank Limited Akinfemiwa said the bank had ...

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Fake Products: SON Issues Ultimatum To Manufacturers And Importers

Fake Products: SON Issues Ultimatum To Manufacturers And Importers

The Standards Organisation of Nigeria (SON) has given a six month ultimatum to manufacturers and importers to key into the new standards regulatory instruments of the agency. The Director General of the agency, Dr. Joseph Odumodu who declared this recently, ...

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AMATO Moves To End Apapa Gridlock Crisis

BEARS: Lagos Road Chaos

In its drive to resolve the Traffic gridlock in the Apapa area of Lagos, which has been on the front burner for several weeks running, leading to a faceoff between truck drivers and the Lagos State Government, The Association of ...

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FG Begins Preparation Of 2016 Budget

Buhari Appoints Himself Petroleum Minister

The Federal Government on Tuesday began the process of the preparation of the 2016 budget for the country. The fiscal document for 2016 will be based on six policy thrusts and it is aimed at stimulating growth and reducing the ...

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Oil slump: CBN Moves To Boost Agric Lending

Nigeria’ll start getting out of recession in Q4, says Emefiele

As the fall in global oil prices continues to batter oil-producing economies including Nigeria, the Central Bank of Nigeria has begun moves to encourage banks to advance more loans to stakeholders in the agriculture value chain. As a result, the ...

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26 Ships Expected In Lagos Ports With Food, Petroleum Products

Setting Agenda For Individuals And Organisations In Maritime

Twenty six ships laden with petroleum products, food items and general cargo are expected to arrive at the Lagos ports from Sept. 22 to Oct.10. This is contained in the daily ‘Shipping Position’ made available to newsmen in Lagos by ...

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British Firm Pays N11m Fine To NCAA For Illegal Flights

Executive Order: NCAA Kicks Against Bribes, Corrupt Practices

The Nigerian Civil Aviation Authority has imposed a fine of N11m on a British firm, Gama Aviation, for allegedly flying its Bombardier Global Express plane into and within Nigeria illegally. The affected company has consequently paid N7m fine to the ...

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W’Bank Appoints New Country Director For Nigeria

W’Bank appoints new country director for Nigeria

The World Bank has announced the appointment of a new Country Director for Nigeria and Coordinating Director for West Africa Regional Integration. A statement issued by the bank in Abuja on Monday named the new director as Rachid Benmessaoud. Benmessaoud ...

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Offshore Paints, Coatings Market In Nigeria, Angola To Hit $1.13bn In 2019

Offshore Paints, Coatings Market In Nigeria, Angola To Hit $1.13bn In 2019

A new report by Frost & Sullivan (F &S) has estimated that the offshore oil and gas paints and coatings market in Nigeria and Angola would hit $1.13 billion in 2019. Founded in 1961, Frost & Sullivan has more than ...

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Nigeria’s Petroleum, Power Sectors Under ‘Change’ Mantra

Power Generation Drops By 488.7MW

Since the inception of the new administration, better days seem to be ahead for the nation’s power, oil and gas sector. Though, power supply is still far less than the country requires to drive economic growth, there has been appreciable ...

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