FG to develop Nigeria’s 208.62tcf of gas
Nigeria’s Minister of State for Petroleum Resources, Timipre Sylva, says the Federal Government is taking steps to develop and harness the country’s 208.62 trillion cubic feet of gas. The Minister,…
JET-A1, others may push flight above N100,000 – Domestic airlines
Domestic airlines under the aegis of the Airline Operators of Nigeria have said that rising operational costs occasioned by aviation fuel price hikes, and foreign exchange shortage, among others may…
FAAN inaugurates App for airport taxi
Capt. Rabiu Yadudu, Managing Director, the Federal Airports Authority of Nigeria (FAAN) has inaugurated a Taxi App loading booth at Nnamdi Azikiwe International Airport Abuja (NAIA). Yadudu, who was represented…
Aviation fuel sells N612 per litre, airlines groan
There appears to be no end yet to the current crisis in the aviation sector as findings show that the agreement between airlines and oil marketers can no longer hold…
CBN issues open banking guidelines to enhance competition
The Central Bank of Nigeria has issued the regulatory framework for Open Banking in Nigeria in its efforts to enhance competition and innovation in the banking system. It disclosed this…
Exercise caution with hazardous weather, NCAA warns pilots
The Nigeria Civil Aviation Authority has advised pilots and airline operators to exercise caution with hazardous aviation weather in the rainy season. This circular came on the heels of the…
EFCC partners marketers to curb oil theft in Niger Delta
The Independent Petroleum Marketers Association of Nigeria has sought the support and intervention of the Economic and Financial Crimes Commission in curbing oil theft and pipeline vandalism in the Niger…
No increment in electricity tariffs – NERC
The Nigerian Electricity Regulatory Commission, NERC has clarified that reviews do not automatically translate into an increase in electricity tariffs. The electricity market regulator made this known in a statement…
Scarcity hits local airlines as marketers divert aviation fuel to foreign carriers
Oil marketers have said the bulk of the aviation fuel in their stock is on reserve for foreign airlines, saying there is a need to abide by the contractual supply…
Dollar rises to N600 at parallel market
The dollar exchanged at N600 on Monday at the parallel market, heightening fears of a further devaluation of the nation’s currency. The rate at the Importers and Exporters Window was,…
Inflation hits 16.82%, surpasses IMF 2022 projection
The Consumer Price Index rose to 16.82 per cent in April from 15.92 per cent in March, latest figures from the National Bureau of Statistics have revealed. The NBS disclosed…
Unions sound warning over plot to take over Arik, Aero
The National Union of Air Transport Employees and the Air Transport Services Senior Staff Association of Nigeria have raised the alarm over an alleged plot by some groups to take…
