Minister of Aviation and Aerospace Development, Festus Keyamo, has said the fire incident that occurred at Terminal 1 of the Murtala Muhammed International Airport, Lagos, has hastened their move to totally rehabilitate the building. Keyamo, who spoke on Tuesday, February 24, during an inspection of the MMIA Terminal 1 razed by fire, said the building …
Nigeria is set to begin exporting a new crude oil grade called 'Cawthorne' in March 2026. This new stream is part of the country's broader strategy to boost its crude production and expand its presence in the global oil market. A Reuters report said a spokesperson of the Nigeria National Petroleum Company Limited (NNPC) confirmed …
Dangote Petroleum Refinery & Petrochemicals has reassured the Nigerian public of its capacity and commitment to supply a substantial volume of petrol to meet the nation's daily needs. The refinery, which recently hit its full capacity of 650,000 barrels per day after a major turnaround maintenance, said it will supply between 60 and 65 million litres of Premium …
Despite efforts in recent years, both through government intervention and individual airlines to significantly increase their footprint on international routes, Nigerian airlines still face daunting challenges in achieving that, as foreign carriers continue to dominate the market. The United Nigeria Airline, which recently marked its 5th anniversary, disclosed that it has embarked on a massive …
Group Chief Executive Officer of the Dangote Refinery, Bayo Ojulari, on Saturday, paid a courtesy visit to the Dangote Petroleum Refinery, revealing that the plant has exceeded its projected capacity of 650,000 barrels per day. Ojulari hailed the President of the Dangote Group, Alhaji Aliko Dangote, for his leadership vision and inspiration in building the …
Professor Wumi Iledare, a renowned expert in petroleum economics and Professor Emeritus at Louisiana State University, has reacted to President Bola Tinubu’s Executive Order 9 of 2026, directing the restructuring of oil and gas revenue remittances to the Federation Account. The order signed by President Tinubu on February 13 but announced on February 18, 2026, …
The Nigeria Labour Congress (NLC) has again criticised the demand by power generation companies (GenCos) for the payment of ₦6 trillion in outstanding debts, describing the move as a “brazen attempt to loot the public treasury.” NLC had earlier kicked against plans by the Federal Government to settle debt owed to GenCos, arguing that the …
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has kicked against President Bola Tinubu's recent Executive Order mandating the direct remittance of all oil and gas revenues to the Federation Account. The union warns that the directive is a “direct attack” on the Petroleum Industry Act (PIA) and could lead to significant …
Economists, industry experts and public finance analysts have hailed President Bola Tinubu’s latest executive order stripping the Nigerian National Petroleum Company Limited (NNPC) of the power to retain portions of oil and gas revenues before they reach the Federation Account. They said the order would help to strengthen revenue remittance compliance and enhance transparency, adding …
The Association of Power Generation Companies (APGC) CEO, Dr. Joy Ogaji, says the debt owed to GenCos is now over ₦6 trillion due to a persistent shortfall in payment for electricity generated and supplied to the national grid. Ogaji, who appeared on Arise News Morning Show on Thursday, said power generation companies currently invoice approximately …
