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‘Oil-producing states got N44tn in 18 years’

‘Oil-producing states got N44tn in 18 years’

A total of N44tn accrued to states in the Niger Delta region through the 13 per cent derivation fund in the last 18 years, the Host Communities of Nigeria has said. HOSTCON, an organisation for oil and gas producing communities, ...

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Nigeria exported N32bn worth of electricity in 2019 — NERC

Nigeria exported N32bn worth of electricity in 2019 — NERC

The Republics of Togo, Niger and Benin received a total invoice of N32.04bn for the electricity supplied to them from Nigeria in 2019, data from the Nigerian Electricity Regulatory Commission have shown. Nigeria, through some of its power plants, sell ...

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Senate summons CBN, FIRS again over $21.3bn foreign tax

Senate summons CBN, FIRS again over $21.3bn foreign tax

The Senate Public Accounts Committee has issued fresh summons to the management of both the Central Bank of Nigeria and the Federal Inland Revenue Service. The Chairman of SPAC, Senator Matthew Urhoghide,  disclosed this in an exclusive interview with our ...

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Leadership Review: How Ali Runs Customs With Over 11 Federal Squads, Alerts

Leadership Review: How Ali Runs Customs With Over 11 Federal Squads, Alerts

·   We pay N200,000 for FOU, Strikeforce bookings – Freight Agents ·   Customs sacks unbribable ACG Bashir By Kenneth Jukpor Five years after Col Hammed Ali (Rtd) emerged as Comptroller General of Nigeria Customs Service (NCS), maritime stakeholders are yet to ...

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ECONOMY: Nigeria Records Foreign Trade Deficit of N0.14 trillion as Crude Oil Exports Decline in Q1 2020…

ECONOMY: Buhari to Boost Local Gas Utilization as Construction of AKK Gas Pipeline Project Commences…

CWR, Cowry Weekly Financial Market Review Outlook Thursday, June 11, 2020

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Post COVID-19: How Airlines Can Make Over N50billion Annually – Ojikutu

Post COVID-19: How Airlines Can Make Over N50billion Annually – Ojikutu

Post COVID-19: How Airlines Can Make Over N50billion Annually – Ojikutu ₦200.00 Purchase

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Maritime Experts Outline COVID-19 Lessons, Ponder Headway

Maritime Experts Outline COVID-19 Lessons, Ponder Headway

Maritime Experts Outline COVID-19 Lessons, Ponder Headway ₦200.00 Purchase

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BEARS: Tin Can Port of Debris

BEARS: Tin Can Port of Debris

This is the entrance of Tin Can Island Port captured by MMS Plus lens on Thursday. This port generates over N1 billion for Nigeria Customs Service (NCS) alone daily not to talk about other agencies. The world is facing the health ...

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Usoro, A Pride Of Mobility industries, Hits Diamond Jubilee

Usoro, A Pride Of Mobility industries, Hits Diamond Jubilee

In the transport and maritime sector, there are few women who can boast of a career as colourful as Mrs. Mfon Usoro. She clocked 60 years on Friday, June 12, 2020 and MMS Plus joins the entire maritime community in ...

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BULLS: Hbd! Tony IJu

BULLS: Hbd! Tony IJu

MMS Plus joins the maritime community and members of Association of Nigerian Licensed Customs Agents (ANLCA) in celebrating the National President of ANLCA, Hon. Tony Iju Nwabunike who marked his birthday on Saturday June 13th. As an amiable personality in the ...

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How To Export Charcoal And Timber From Nigeria

How To Export Charcoal And Timber From Nigeria

Nigeria’s forests can be divided into two principal categories: woodlands and forests of the savanna regions (fourfifths of the country’s forest area) that are sources of fuel and poles, and rainforests of the southern humid zone that supply almost all ...

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Cargo evacuation by rail resumes at Lagos port

Cargo evacuation by rail resumes at Lagos port

To rescue trapped cargoes and ensure seamless evacuation of containers, the Nigerian Shippers’ Council (NSC), has resumed rail operations to APM Terminal, in Lagos Port. The Executive Secretary, NSC, Hassan Bello, said the revival of rail evacuation would help decongest ...

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Nigeria, others need $100 billion for affordable broadband Internet

• Continent contributes less than 1% to global digital economy

• Continent contributes less than 1% to global digital economy To manage the possible effect of the pandemic on the economy post-COVID-19, Nigeria and other parts of the Continent will require about $100 billion for universal, affordable and good quality ...

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FAAN eyes flight resumption, compares notes with Minich Airport

FAAN Plans Simulations On Facilitation, Physical Distancing At Airports

The Federal Airports Authority of Nigeria on Thursday held a virtual meeting with Munich International Airport to share experiences regarding the resumption of flight activities in the aftermath of the COVID-19 lockdown on the airports. FAAN, in a statement on ...

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39.4 million may be jobless before year end, says FG

• Envisages N185bn monthly shortfall in federal allocation

• Envisages N185bn monthly shortfall in federal allocation The Federal Government has raised the fear that except something urgent is done, about 39.4 million Nigerians may be jobless by the end of the year as a result of the impact ...

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External reserves grew from $33.42bn to $36bn in May – Buhari

China reversing Nigeria’s infrastructural deficit, says Buhari

The President, Major General Muhammadu Buhari (retd.), has said the country’s external reserves increased from $33.42bn in April to $36bn in May. The retired major general stated this during his 2020 Democracy Day Speech on Friday while noting that this year’s ...

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ECONOMY: Business Activities Shrink in May Amid Lower New Business Orders; Suggests Fall in Q2 GDP…

ECONOMY: Buhari to Boost Local Gas Utilization as Construction of AKK Gas Pipeline Project Commences…

CWR, Cowry Weekly Financial Market Review Outlook Friday, June 5, 2020 (1)

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Nigeria has highest personnel cost in global petroleum industry

Nigeria has highest personnel cost in global petroleum industry

…Why high cost of oil production may persist …IOCs, industry players bemoan insecurity, multiple taxes Stakeholders have raised concerns over the country’s production costs, noting that Nigeria has the highest personnel cost among global operators, thus making it difficult to ...

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Edo’ll deal squarely with imported thugs, sponsors – Obaseki

Obaseki presents disputed certificates as INEC lists 14 for Edo governorship poll

The Edo State Government has warned that it will spare no resources within the ambit of the law to bring to justice any individual or group importing political thugs through riverine communities and other state borders to unleash mayhem on ...

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43% of world’s poor people live in Nigeria, two others – World Bank

43% of world’s poor people live in Nigeria, two others – World Bank

Global economic growth could rebound next year but the number of people living in extreme poverty is expected to remain unchanged after a huge surge this year due to the coronavirus pandemic, the World Bank warned Tuesday. The bank said ...

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