Business

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said there is sufficient aviation fuel supply in the country amid concerns over rising prices. The clarification comes as domestic airlines threatened to suspend operations from April 20 over the increasing cost of aviation fuel, also known as Jet A1. The Airline Operators of Nigeria (AON) had earlier stated that…

Airline operators in Nigeria have suspended their planned nationwide shutdown, offering temporary relief to passengers who would have been affected by disruptions from Monday. The operators, however, said the decision is conditional and would depend on the outcome of a scheduled meeting with the Minister of Aviation and Aerospace Development, Festus Keyamo. The Airline Operators of Nigeria (AON) announced the…

The National Information Technology Development Agency (NITDA) and the Research, Technology and Innovation (RTI) Unit of the Nigerian National Petroleum Company Limited (NNPC) are set to intensify efforts to drive digital transformation in Nigeria’s energy sector through a strategic partnership. Speaking during a meeting between both organisations, NITDA Director-General, Kashifu Inuwa, stressed the need for NNPC to move away from…

Nigerian Exchange Limited (NGX) on Friday announced the expansion of its trading hours from 9:00 a.m. to 4:00 p.m. (WAT), effective Monday, 27 April 2026, in a move designed to deepen market liquidity, enhance price discovery, and broaden investor access. A statement issued by Head, Group Communications and Partnerships, NGX,  Mr. Clifford Akpolo  stated that  the Securities and Exchange Commission…

The Central Bank of Nigeria (CBN) has introduced the Nigerian Overnight Financing Rate (NOFR), a new benchmark interest rate aimed at improving transparency, deepening the money market, and strengthening monetary policy effectiveness. The Nigerian Overnight Financing Rate (NOFR) is a transaction-based benchmark for the money market, reflecting the interest rate for secured overnight funds in the interbank market. The apex…

Airtel Nigeria has joined MTN Nigeria Communication Plc to temporarily suspend its airtime and data credit services, becoming the second major telecom operator in the country to halt such offerings following new regulatory requirements for digital lending. The company disclosed this in a statement signed by its Director of Corporate Communications and CSR, Femi Adesina, issued on Friday, noting that…

United Nigeria Airlines has announced another bird strike involving its Embraer 190 aircraft, marking the third such incident within 48 hours. The airline said the incident occurred during the takeoff of Flight UN0561 from Benin City Airport to Nnamdi Azikiwe International Airport, Abuja, at about 4:20 p.m. on Thursday. It stated that the bird strike damaged the nose landing gear…

Minister of aviation and aerospace development, Festus Keyamo, has appealed to domestic airlines to reconsider their planned suspension of flight operations over the rising cost of aviation fuel, also known as Jet A1. The Airline Operators of Nigeria (AON) had warned on Tuesday that all domestic carriers might halt operations from April 20 due to the sharp increase in fuel…

Airline operators in Nigeria have warned they may halt flight operations nationwide from April 20, 2026, over what they describe as an unsustainable surge in the price of Jet A1 fuel. The Airline Operators of Nigeria (AON), in a letter dated April 14 and addressed to the Major Energies Marketers Association of Nigeria (MEMAN), said the cost of aviation fuel…

The Nigeria Civil Aviation Authority (NCAA) on Tuesday, at its Corporate Headquarters in Abuja, formally presented the Aerodrome Certificate for the Akanu Ibiam International Airport (AIIA), Enugu, to the Federal Airports Authority of Nigeria (FAAN). The ceremony was described as a major milestone in Nigeria’s aviation industry by the Director-General of Civil Aviation (DGCA), Capt. Chris Najomo, who was represented…