The Federal Government’s scheduled evacuation of 270 stranded Nigerians from South Africa has been delayed due to a fault detected in the Air Peace aircraft designated for the operation. According to Kimiebi Ebienfa, the spokesperson for the Ministry of Foreign Affairs, pre-flight safety checks in Johannesburg revealed cracks on the cockpit windscreen of the aircraft. …
The Works Minister says the Coastal Highway is not responsible for Lagos flooding Minister of Works, David Umahi, has urged Lagos residents to stop dumping refuse in drainage channels, insisting that it contributes significantly to flooding in parts of the state. The minister firmly denied that the Lagos-Calabar Coastal Highway is responsible for the …
The federal government convened a meeting on Monday with key stakeholders in the downstream oil and gas industry, including Dangote Refinery, regulatory bodies, and major oil marketers, to negotiate a reduction in the pump price of petrol nationwide and ensure fairer pricing for Nigerian consumers. The meeting, held at the Nigerian Midstream and Downstream Petroleum …
The Federal Government has announced plans to evacuate another batch of 270 Nigerians from South Africa on Wednesday, July 8, 2026, following renewed xenophobic tensions in the country. The returnees are expected to arrive at the Murtala Muhammed International Airport, Lagos, on Wednesday morning aboard an Air Peace flight chartered by the Federal Government for …
The federal government recorded a drop in its electricity subsidy payment in the first quarter of 2026 amid persistent blackouts. A report released by the Nigerian Electricity Regulatory Commission (NERC) shows that the federal government incurred a total electricity subsidy obligation of ₦358.32 billion in the first quarter (Q1) of 2026, down from ₦418.79 billion …
Group Chief Executive Officer of the Nigeria National Petroleum Company Limited (NNPC), Engr. Bayo Ojulari, has said efforts are being made to expand the capacities of the Warri and Port Harcourt refineries into the petrochemicals value chain for profitability. Ojulari stated this during a visit to the Warri Refining and Petrochemical Company (WRPC), where he …
For decades, Nigeria's aviation industry has been caught in a vicious cycle. Airlines struggle to acquire aircraft because of prohibitive financing costs, while limited fleet capacity leads to flight delays, cancellations, route reductions, and, in many cases, the collapse of promising carriers. Successive governments have acknowledged the financing challenge, yet finding a lasting solution has …
The Nigerian Consulate in Johannesburg and the Nigerian Union South Africa (NUSA) have condemned killing of the citizens in South Africa in the ongoing xenophobic attacks on Africa nationals. In separate statements, the Consulate and the union called for probe of the killings and dispensation of justice by the South African authorities. In …
The Federal Government, through the Pension Transitional Arrangement Directorate (PTAD), has cleared over N39.6 billion in long-standing pension arrears, settling inherited liabilities for 24,814 eligible retirees under the Defined Benefit Scheme (DBS). According to a statement released on Friday, signed by Olugbenga Ajayi, Head, Corporate Communications, PTAD, the payment fulfils President Bola Ahmed Tinubu's commitment …
Dangote Petroleum Refinery has successfully issued its debut Eurobond, raising $750 million to strengthen its finances and optimize its debt ahead of a planned initial public offering (IPO). According to a report by Eurobond Africa, the five-year dollar-denominated bond is due in July 2031. Priced at par to yield 7.50 per cent, the transaction was executed through …
