The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has refuted claims that aviation fuel (Jet A1) is selling for N3,300 per litre, describing such reports as inaccurate and inconsistent with current market data. In a statement released on Friday, signed by NMDPRA Director of Public Affairs, George Ene-Ita, the Authority said that though fuel …
Nigeria's Minister of Aviation and Aerospace Development, Festus Keyamo, has appealed to airline operators not to increase airfares yet following the recent hike in prices of aviation fuel, also known as Jet A1 fuel. The minister also appealed to the domestic airline operators to reconsider any planned suspension of flight operations, pointing out that such actions would …
The MMELI Arts Foundation, in collaboration with Alliance Française de Lagos, hosted the Women, Words and Wealth workshop—an intensive programme designed to equip women writers and creatives with skills in craft, voice development, and pathways to publication. The practical workshop held in Ikoyi, which was part of the activities to mark International Women’s Day 2026, focused on …
The Major Energies Marketers Association of Nigeria (MEMAN), has said the recent surge in price of aviation fuel also known as Jet A1, is primarily driven by global geopolitical tensions and high local logistics costs, not solely by market manipulation. MEMAN has also strongly disputed the specific price figures cited by airlines, advising carriers …
The Nigerian National Petroleum Company Limited (NNPC) saw its profit after tax drop by 64.67 per cent to ₦136 billion in February 2026, down from ₦385 billion in January, despite a 4.2 revenue increase to ₦2.68 trillion. The sharp profit decline came as crude oil and condensate production fell to 1.51 million barrels per day …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has taken steps to digitise its procurement system as part of measures to promote transparency and accountability in its procurement operations. The Commission has also partnered with the Bureau of Public Procurement (BPP) to boost its level of compliance with procurement practices to over 95 per cent. …
The Media Career Development Network (MCDN), a non-profit organisation, has launched a career development programme aimed at enhancing the professional growth of journalists across Nigeria. The programme tagged “Media Career Check-up/Media Career Fix”, is an initiative supported by Nigeria LNG Limited. Speaking at the launch of the programme in Lagos on Thursday last week, Executive Director …
The daily consumption of Premium Motor Spirit (PMS), also known as petrol, has again dropped in Nigeria even as imports surge by 97 per cent in March. This is according to the latest report from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for March 2026. The NMDPRA Factsheet released on Tuesday shows that …
The failure of the United States and Iran to secure a deal during their peace talks over the weekend in Islamabad, Pakistan, has reignited tensions in the Middle East and sent shockwaves through the global energy market, raising fears of a further fuel price surge in developing nations like Nigeria. The high-level talks in Islamabad, …
As conflict in the Middle East enters the second month, there are concerns about the ripple effects on developing economies that depend on imported energy, fertilisers and staple food commodities. For Nigeria, a country already grappling with inflation, currency volatility, and structural inefficiencies, the stakes are particularly high. Rising Costs at the Markets At the …
