The Nigeria Civil Aviation Authority (NCAA) has ordered Air Peace to compensate passengers affected by a delay on a scheduled flight from Lagos to Enugu on Monday, September 21. NCAA stated this through its Director, Public Affairs and Consumer Protection, Michael Achimugu. Achimugu made the disclosure while responding to human rights lawyer, Inibehe Effiong, who …
“No property is worth your life,” Environment Commissioner tells residents of Lagos flood-prone communities ahead of expected flooding Lagos State Commissioner for the Environment and Water Resources, Tokunbo Wahab, has urged residents of flood-prone communities to evacuate early to safer locations after the Nigerian Hydrological Services Agency (NiHSA) issued a seven-day flood alert. Wahab, …
Sahara Group has called for increased mobilisation of global capital, sustainable investment and climate finance to close Africa’s infrastructure gap, strengthen economic resilience and accelerate long-term development across the continent. The call was made by Dr Kola Adesina, Group Managing Director, Sahara Power Enterprise Group, at a United Nations General Assembly (UNGA) roundtable on Sustainable …
Nigeria and Indonesia are deepening cooperation in the energy sector, with Indonesia’s state-owned oil company, Pertamina, signalling interest in investment opportunities under Nigeria’s 2026 upstream licensing round. The development followed discussions between the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Chief Executive, Mrs. Oritsemeyiwa Eyesan; Indonesia’s Vice Minister of Foreign Affairs, Arif Havas Oegroseno; and Pertamina’s …
The downstream regulator says it does not fix prices of petroleum products under the Petroleum Industry Act The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has intensified surveillance along Nigeria’s border corridors to curb petrol smuggling and illegal cross-border diversion as rising Premium Motor Spirit (petrol) prices deepen pressure on households, transport operators …
The Commission gives idle oil licence holders October 31 deadline to clarify work impediments or face revocation The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced plans to enforce the “Drill-or-Drop” provisions of the Petroleum Industry Act (PIA) 2021 by revoking licences awarded for oil exploration that have remained dormant and failed to meet …
Nigeria’s cost-of-living crisis may be deepening as the price of Premium Motor Spirit (PMS), popularly known as petrol, rises to about ₦1,500 per litre in parts of the country, raising fresh concerns over household budgets, transport costs and business operating expenses. The latest price surge follows recent adjustments of the ex-depot price of petrol by …
The petrol pricing landscape in Nigeria has undergone a significant shift in the past three years with the removal of subsidy policy and the resurgence of domestic refining championed by the Dangote Petroleum Refinery. While the return of local fuel refining is being celebrated as part of activities towards advancing Nigeria’s energy security drive, consumers …
The Federal Government has raised about ₦1.23 trillion through two series of bond issuances under the Power Sector Debt Reduction Programme in an effort to settle verified legacy obligations owed to electricity generation companies (GenCos) and strengthen liquidity across Nigeria’s electricity market. The latest Series II issuance of ₦728.979 billion, completed recently, followed the ₦501.021 …
Nigeria's formal admission as an Association Country with the International Energy Agency (IEA) is a significant milestone, marking a pivotal shift in the country's position within global energy markets. Vice President Kashim Shettima highlighted this during the recent signing of an agreement between Nigeria and the IEA for a Joint Work Programme to strengthen strategic …
