President Muhammadu Buhari yesterday apologised to Nigerians over the prolonged fuel scarcity and frequent power outages being experienced across the country. Buhari said shortage of petroleum products was something his government had successfully averted in its seven years in office. Minister of Power, Abubakar Aliyu, also yesterday, likened the worsening power situation across the country […]Read More
… Says Violators of Consumer Rights Risk Sanctions As Lagos State Government joins the rest of the world to celebrate the Y2022 World Consumer Rights Day, service providers, manufacturers, businessmen and women have been advised to prioritise the interest and satisfaction of their customers or face appropriate sanctions from the government. Addressing participants at an […]Read More
The Office of the Auditor-General for the Federation has said the defunct Nigerian National Petroleum Corporation, now Nigerian National Petroleum Company Limited, has failed to account for about 107,239,436 barrels of crude oil lifted for domestic consumption in 2019. The office made the allegation in its 2019 audit report presently being considered by the Committees […]Read More
Stakeholders in the aviation industry have reached an agreement to sell aviation jet A1 fuel at N500 within the next three days to prevent a shutdown of airline operations across the country. This was disclosed by the Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, after a meeting with marketers, regulators […]Read More
The Federal Government yesterday, announced a five-year extension for the validity of operators’ licences in free trade zones across the country. The Minister of Industry, Trade and Investment, Niyi Adebayo, explained that the move was to mitigate challenges hindering operators in the zone, noting that the directive is also coming on the heels of the […]Read More
Airline operators and members of the House of Representatives ad-hoc committee investigating the scarcity and astronomical increase in the cost of aviation fuel have blamed the situation on hoarding of the products by marketers. This is as the Nigerian Civil Aviation Authority (NCAA) has raised concerns that it may be forced to shut-down aviation services […]Read More
House to Meet With NNPC GMD, DG NCAA, Jet A1 Marketers Lagos and Abuja — Worried about the present challenge being faced by airline operators following the hike in the price of aviation fuel, the House of Representatives will today meet with the Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, […]Read More
The Federal Executive Council FEC on Wednesday, approved the review of Nigeria’s trade policy and agribusiness policy to enhance revenue through right farm gate pricing. The new policy also bans foreigners and their representatives from purchasing agricultural commodities at the farm gates. Adeniyi Adebayo, minister of Trade and Industries, disclosed this while briefing the State House Journalists […]Read More
The scarcity of Premium Motor Spirit, popularly called petrol, has refused to abate despite claims by the Nigerian National Petroleum Company Limited that it has been releasing hundreds of millions of litres of petrol to address the situation. In its latest weekly national PMS evacuation report for February 21 to 26, 2022, seen on Sunday, […]Read More
Airports in Nigeria recorded a dip of 3.38 million passengers in the last three years, data from regulatory authorities reveal. According to data obtained by Reporters from the Nigerian Civil Aviation Authority (NCAA), figures for passengers processed for travelling at the nation’s airports for 2021 stands at 14.2 million compared with the 10,447,321 for last year. But […]Read More
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