The Federal Government plans to include Aviation Turbine Kerosene (ATK) in the Naira-for-Crude initiative as part of an emergency response to the ongoing aviation fuel crisis. It was one of the recommendations made by a technical committee convened by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), following a series of high-level stakeholder meetings …
Industry analysts and domestic airline operators have called on the Nigerian government to address the root cause of the aviation fuel price hike to bring relief to operators who have continued to absorb the soaring costs. They argued that while the approval of a 30 per cent discount on outstanding debts owed by domestic …
President Bola Tinubu has approved significant interventions in the Nigerian aviation sector to prevent the imminent shutdown of operations by domestic airlines over the high cost of fuel. Speaking after a high-level emergency stakeholders’ meeting on Wednesday, Minister of Aviation and Aerospace Development, Festus Keyamo, said President Tinubu approved debt relief and a tax review …
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 …
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 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 …
Nigeria’s aviation sector is grappling with a fresh wave of uncertainty as a sharp increase in jet fuel prices forces domestic airlines into a difficult situation. Industry analysts observe that while the cost of aviation fuel (Jet A1) has skyrocketed by over 100 per cent in recent times, domestic airlines are struggling to raise ticket …
Dangote Petroleum Refinery has reaffirmed its capacity to supply massive volumes of petroleum products, including Premium Motor Spirit (PMS), also known as petrol, Automotive Gas Oil (diesel) and aviation fuel, effectively positioning itself to meet and exceed Nigeria’s total domestic demand. In an update shared on Thursday, January 29, the 650,000-barrel-per-day refinery said it can …
Dangote Petroleum Refinery is to begin deploying Compressed Natural Gas (CNG)-powered trucks on 15 September as part of a sweeping logistics-free fuel distribution programme aimed at reducing fuel retail prices and easing inflation. The initiative, which is a ₦720 billion investment, will see 4,000 CNG‑powered trucks distributed nationwide to deliver refined petroleum products directly to …
