The hope for cheaper fuel has been dampened after Iran closed the Strait of Hormuz again on Saturday, reversing the brief optimism that followed its reopening on Friday. Iran's military declared the Strait of Hormuz blocked again on Saturday, April 18, hours after it was reopened. The move is a direct response to the U.S. …
The Airline Operators of Nigeria (AON) has temporarily suspended its planned nationwide shutdown of flight operations, which was scheduled to begin on Monday, April 20, 2026. This decision follows an appeal from the Minister of Aviation and Aerospace Development, Festus Keyamo. According to a communique issued by AON after an emergency meeting of …
Following the announcement of a 10-day ceasefire between Israel and Lebanon, Iran has officially declared the Strait of Hormuz "completely open" for all commercial vessels. The reopening, announced on Friday, April 17, 2026, by Iranian Foreign Minister Abbas Araghchi, marks a significant shift in the process towards resolving the Middle East conflict. This development comes …
The Central Bank of Nigeria (CBN) has introduced the Nigerian Overnight Financing Rate (NOFR) as the country’s new money market benchmark. It announced this in a statement issued on Friday, signed by the Acting Director of Corporate Communications, Hakama Sidi Ali. The move is aimed at improving transparency, strengthening monetary policy transmission, and deepening the …
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 …
Former Rivers State governor, Rotimi Amaechi, says he was pushed out of the Peoples Democratic Party (PDP) by former President Goodluck Jonathan and his wife. Amaechi made the claim on Friday during an appearance on Sunrise Daily, a breakfast programme on Channels Television. The former minister of transportation, now a member of the African Democratic …
Former Vice-President Atiku Abubakar has criticised President Bola Ahmed Tinubu over his comments on Nigeria’s privatisation programme, describing them as a reflection of “desperation” and a disregard for history. In a statement issued by his Senior Special Assistant on Public Communication, Phrank Shaibu, Atiku said Tinubu’s remarks reveal “a troubling pattern of hypocrisy and historical …
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 African Democratic Congress (ADC) has said newly elected state executives and other party officers will not assume office until the expiration of the tenure of current officeholders and their formal inauguration. The party fixed the inauguration of the newly elected executives on May 12. In a statement issued on Friday, the National Publicity Secretary …
President Bola Tinubu has called on coordinators of the Renewed Hope Ambassadors (RHA) to intensify grassroots mobilisation efforts across Nigeria, as his administration faces mounting criticism from opposition figures over economic hardship and reform policies. The president dismissed criticisms and pressure from opposition, insisting he would stay the course on his administration’s reforms as …
