In a significant move to enforce passenger rights, the Nigeria Civil Aviation Authority (NCAA) has imposed a ₦5 million fine on Qatar Airways for allegedly violating the country's aviation regulations concerning the treatment of passengers. Michael Achimugu, Director of Public Affairs and Consumer Protection at the NCAA, made this known in a statement on Wednesday. …
Lawmakers in the Nigerian Senate have expressed grief as the senator representing Enugu North Senatorial District, Okey Ezea, has passed away. Ezea, who was elected on the platform of the Labour Party in the 2023 general election, reportedly died in the United Kingdom while receiving medical treatment for an undisclosed ailment. His death was formally …
Amid efforts to close the metering gap in Nigeria, new data has shown that over 68 per cent of electricity consumers bypass the use of prepaid meters. This indicates a systemic crisis in the Nigerian electricity supply industry as it reveals not just a revenue issue, but a symptom of deep-seated problems within the power …
The Dangote Refinery has stated that the recent drop in pump prices of Premium Motor Spirit (PMS), also known as petrol in Nigeria, by oil marketers was mainly driven by its reduction of gantry and coastal prices on November 6, not as a result of the suspension of the 15 per cent duty on imported …
The recent announcement by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to suspend the implementation of 15 per cent import duty on refined petroleum products for six months has sparked mixed reactions among stakeholders, with experts and oil marketers holding divergent views on its potential impact. The NMDPRA had on Thursday, November 13, …
The Nigeria National Petroleum Company Limited (NNPCL) and some other marketers have reduced petrol prices below the price offered by the Dangote Petroleum Refinery partners in Lagos, sparking a new wave of competition in the downstream petroleum market. Checks by Pinnacle Daily in parts of Lagos on Sunday revealed price disparity between NNPCL retail stations, …
Former Minister of Special Duties, Kabir Tanimu Turaki, has been elected as national chairman of the Peoples Democratic Party (PDP). Turaki, a Senior Advocate of Nigeria (SAN), emerged as national chairman of the PDP at the party’s national convention held on Saturday, November 15 in Ibadan, the Oyo State capital. About 3,000 party delegates from …
Chief Executive Officer and co-founder, Bluechip Technologies Ltd, Mr Kazeem Tewogbade, has launched a memoir titled “Unlikely”, documenting his journey through the pathway to success. Tewogbade, who has made a significant footprint in Nigeria’s tech space, highlighted the role of the power of vision, purpose, dedication and resilience in business success. Speaking during the official …
Africa's richest man and foremost industrialist, Alhaji Aliko Dangote, has stated that the transformation of the continent's economy through industrialisation cannot be done by foreigners. He called on African investors to demonstrate an uncommon sense of patriotism by strategically investing in key sectors of the economies of African countries to drive industrial growth. He said foreigners …
The Nigerian government through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has announced suspension of the proposed 15 per cent duty on imported Premium Motor Spirit also known as petrol and Diesel. NMDPRA made this known in a statement released on Thursday, November 13, signed by its Director, Public Affairs Department, George Ene-Ita. …
