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N30,000 minimum wage meaningless with petrol price hike – NLC

Electricity/fuel price hike: NLC, TUC plan total shutdown from Sept 28

The Nigeria Labour Congress and civil rights groups on Tuesday said there was no economic basis in the claim by the Federal Government that the petrol price in the country was among the lowest in Africa. The NLC President, Ayuba ...

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Oil marketers now free to fix prices, says PPPRA

Petrol subsidy gulped N8.94tn in 10 years, says PPPRA

The Federal Government is no more going to be releasing guiding price bands for the sale of petrol at filling stations; hence, oil marketers are now free to fix prices. On March 19, 2020, the government, through the Petroleum Products ...

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NIMASA Should Deepen Maritime Regulation In Bayelsa – Diri

NIMASA Should Deepen Maritime Regulation In Bayelsa - Diri

By Kenneth Jukpor Governor of Bayelsa State, Senator Duoye Diri, has urged the Nigerian Maritime Administration and Safety Agency (NIMASA) to deepen maritime regulatory activities in Bayelsa State. Diri made this call when he visited the NIMASA headquarters in Lagos ...

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Food insecurity prevalent in Lagos, Kano, Rivers, Abuja –NBS

Food insecurity prevalent in Lagos, Kano, Rivers, Abuja –NBS

The outbreak of COVID-19 has increased food insecurity in Lagos, Kano, Rivers and Abuja, the National Bureau of Statistics has said. It disclosed this in its latest report on the impact of COVID-19 in Kano, Lagos, Rivers and the Federal ...

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Budget support: IMF, World Bank conditions behind subsidy withdrawal, electricity tariff hike

Budget support: IMF, World Bank conditions behind subsidy withdrawal, electricity tariff hike

The Federal Government’s removal of petrol subsidy and the increase in electricity tariff are in line with reforms being sought by the International Monetary Fund and the World Bank, economic experts have said. The IMF had on April 28 approved ...

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Why we chose Siemens for 25,000MW grid expansion – FG

Why we chose Siemens for 25,000MW grid expansion – FG

The Federal Government on Monday said the German firm, Siemens AG, was chosen to expand Nigeria’s power grid because the company was best qualified to rehabilitate the dilapidated electricity infrastructure in Nigeria. Minister of Power, Sale Mamman, who disclosed this ...

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5,180 BDCs get $51.8m on forex sales resumption

5,180 BDCs get $51.8m on forex sales resumption

About 5,180 Bureau De Change operators got $10,000 each as the Central Bank of Nigeria fully resumed foreign exchange sales to the operators on Monday. The CBN had earlier announced it would commence sales of foreign exchange to BDCs on ...

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‘NIMASA reviewing cost of carrying Nigerian crude’

BEARS: WMD Without Cadets

The Nigerian Maritime Administration and Safety Agency has renewed efforts to revisit the terms of trade for the carriage of Nigerian crude oil from Free on Board to Cost Insurance and Freight. Director-General of NIMASA, Dr Bashir Jamoh, disclosed this ...

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Revving up diversification to overcome post COVID-19 challenges

Revving up diversification to overcome post COVID-19 challenges

The impact of COVID-19 in Africa has created a sense of urgency and inspired calls for coordinated response to mitigate it’s devastating effects and lay the foundation for long-term recovery. Nigeria faces a greater challenge than many other countries from ...

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Ogun offers 30% discount on land charges

Ogun offers 30% discount on land charges

The Ogun State Government has granted 30 per cent reduction of the cost of land or land charges to business enterprises as a form of COVID-19 palliative. A statement issued by the state on Friday said the Ogun State Governor, ...

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Knocks for FG over petrol price, electricity tariff hike

Knocks for FG over petrol price, electricity tariff hike

The Federal Government on Sunday came under more criticism for the increase in electricity tariff and petrol pump price last week. The Centre for Democracy and Development and the Civil Liberties Organisation condemned the government’s actions, saying many Nigerians would ...

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How FG Fell For A Ponzi Customs Scheme

FG risks $2.5billion litigation fee on Customs modernisation project

·  New levies on import, export coming ·  Concessionaires to net $7.33m monthly benefits By Kenneth Jukpor Facts have emerged that the Federal Government may have been tricked into approving the concession of the Nigeria Customs Service (NCS) automation project ...

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Managing Nigerian Aviation Sector Amid Global Aeropolitics

Managing Nigerian Aviation Sector Amid Global Aeropolitics

Local carriers may begin to heave a sigh of relief as the Federal Government embraces reciprocity in relating with foreign airlines plying Nigerian routes. But it is still a long way to go without a comprehensive review of commercial agreements ...

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ECONOMY: Capital Importation Drops to USD1.29 Bn in Q2 2020; PMIs Improve Further in August 2020…

ECONOMY: Foreign Portfolio Inflows Rise by 28.91% in August 2020; MPC Cuts MPR to 11.50%…

CWR, Cowry Weekly Financial Market Review Outlook Friday, September 4, 2020

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PMS, Electricity Hike And Nigeria’s Economic Quagmire

PMS, Electricity Hike And Nigeria’s Economic Quagmire

By Ayoola Olaitan Amid the global financial crisis and consequent tough economic times, several nations have focused on providing sufficient palliatives to dissipate the losses and pangs on citizens. In Nigeria, however, the federal government has not only failed to ...

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Lovely Linda

Lovely Linda

Linda Quaynor is a Partner/West Africa Strategy and Operations Leader at Deloitte Nigeria. She is responsible for driving the company’s Strategy, Customer & Marketing business across West Africa. Her extensive experience enables clients to define their strategies and implement multi-year ...

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BEARS: Missing AFCON Trophy

BEARS: Missing AFCON Trophy

Beyond the COVID-19 pandemic, the year 2020 has brought various shades of drama in Africa. The latest drama is the sudden disappearance of the Africa Cup of Nations (AFCON) trophy that has reportedly been stolen from the Egyptian Football Association ...

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BULLS: HBD Chi-Chi!

BULLS: HBD Chi-Chi!

D Chi-Chi! Mrs. Chizoba Anyika is an Assistant Director at the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Secretary of Women’s International Shipping and Trading Association (WISTA) Nigeria. Yesterday, Chi-Chi turned a year older, wiser and prettier. She ...

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Freight Forwarders Deserve COVID-19 Fiscal Palliatives – Nwabunike

Freight Forwarders Deserve COVID-19 Fiscal Palliatives - Nwabunike

By Kenneth Jukpor Mr. Tony Iju Nwabunike is the President of the Association of Nigeria Licensed Customs Agents (ANLCA). In this exclusive interview with MMS Plus newspaper, he gives an analysis of the nation’s economy with emphasis on the port ...

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How To Start A Custom Design Furniture Business In Nigeria

How To Start A Custom Design Furniture Business In Nigeria

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 ...

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