The Federal Government has announced plans to engage concessionaires to introduce automation of payment systems at access gates of airports across Nigeria, with the long-term goal of transitioning to a fully electronic model. This comes as the government through the Federal Airports Authority of Nigeria (FAAN) has begun immediate implementation of a hybrid system to …
Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has ordered the temporary suspension of helicopter landing fees imposed on oil companies over concerns that the charges could disrupt operations in the oil and gas sector. Keyamo said he gave the directive for suspension of the charges on Monday, March 9, during a meeting with …
President Bola Tinubu has approved the Final Investment Decision (FID) on the Bonga Southwest deepwater project, estimated to attract about $20 billion in Foreign Direct Investment into Nigeria. This marks a significant step in Nigeria’s quest to attract strategic investments and accelerate sustainable economic growth. According to a statement by Andy Odeh, Chief Corporate Communications …
Dangote Refinery has cut its ex-depot price of Premium Motor Spirit (PMS), also known as petrol, by ₦100 to ₦1,075 per litre from the earlier price of ₦1,175 per litre. The refinery also stated that the price of PMS for coastal supply will now be set at ₦1,050 per litre, which accounts for a minor …
As the world continues to experience global supply disruptions and surging crude oil prices, Dangote Petroleum Refinery has reassured its commitment to a steady fuel supply in Nigeria, emphasising that the nation's domestic refining capacity provides a crucial buffer against international market shocks. The refinery's Managing Director, David Bird, who spoke in a media chat …
The Nigerian National Petroleum Company (NNPC) Limited recorded a significant drop of 46.7 per cent in revenue from ₦4.824 trillion in December 2025 to ₦2.571 trillion in January 2026. The national oil firm, however, recorded a marginal increase in profit after tax of ₦385 billion in January from ₦351 billion in December, representing a 9.7 …
Dangote Refinery has further increased the price of Premium Motor Spirit (petrol) at its gantry by ₦180 to ₦1,175 per litre, from ₦995. This latest increase marks the third price increase in one week, following the escalating conflict in the Middle East, which has led to the disruption of crude oil supply and the consequent …
Rising global crude oil prices triggered by the escalating U.S.–Iran war are putting renewed pressure on domestic fuel prices in Nigeria, raising concerns about inflation and the cost of living across the country. Global oil benchmark has surged past the $100 per barrel mark for the first time in years as conflict in the Middle …
Dangote Refinery has halted loading of Premium Motor Spirit (PMS), also known as petrol, fueling speculations of a further increase in its ex-depot price of the product. Tanker drivers who had reportedly queued at the facility have been asked to leave the premises, as all operations are currently suspended. The fear comes from a similar …
Despite a steady installation of meters throughout 2025, not less than 5.2 million electricity customers across the country remain unmetered, leaving them subject to the controversial estimated billing system. This figure was revealed in the latest Metering Factsheet released recently by the Nigerian Electricity Regulatory Commission (NERC). This significant metering gap persists even as the …
