A fresh increase in petrol prices may be looming in Nigeria as Brent crude surged to $107 per barrel on Thursday from about $100 the previous day, raising concerns over higher domestic fuel costs. The latest rally has intensified pressure on the Nigerian downstream petroleum market, where petrol prices have already climbed from about ₦830…
The Chairman of Air Peace, Allen Onyema, has warned that mandatory revenue deductions from Nigeria’s aviation agencies are weakening critical infrastructure and increasing the financial burden on domestic airlines. Onyema, who spoke at the 30th Annual Conference of the League of Airport and Aviation Correspondents (LAAC) in Lagos, urged the Federal Government to allow key…
By Seun Ibiyemi The Nigeria Customs Service (NCS) has intercepted illicit and expired consignments with a combined duty-paid value of N43.59 billion at the Apapa Port in Lagos, highlighting intensified efforts to strengthen trade security and protect legitimate businesses operating through the nation’s maritime gateways. The seizures, made from 12 containers at the APM Terminals…
By Seun Ibiyemi NNPC Retail Limited, a subsidiary of the Nigerian National Petroleum Company Limited (NNPCL), has commissioned its first Smart Self-Service Station on Bill Clinton Drive, Abuja, offering customers a technology-enabled fuelling and mobility experience. The new facility combines conventional fuel services with electric vehicle charging, compressed natural gas (CNG), liquefied petroleum gas (LPG),…
By Seun Ibiyemi The National Institute for Hospitality and Tourism (NIHOTOUR) and the Federation of Tourism Associations of Nigeria (FTAN) have reaffirmed their commitment to working together to strengthen Nigeria’s hospitality, tourism and travel industry in support of the Federal Government’s Renewed Hope Agenda. The commitment followed a strategic meeting between the leadership of both…
By Seun Ibiyemi The Minister of Power, Joseph Tegbe, has secured commitments from leading Chinese power engineering companies and financial institutions to accelerate the delivery of Presidential Power Initiative (PPI) projects and expand Chinese investment across Nigeria’s electricity value chain. The engagements took place in Beijing during the ongoing Nigeria-China power sector mission and focused…
By Seun Ibiyemi The Federation of Tourism Associations of Nigeria (FTAN) has inaugurated its South-East Zonal Executive Council with a mandate to transform the region’s tourism potential into measurable economic impact through increased investment, job creation, visitor growth and revenue generation. The inauguration, held in Enugu on Sunday, September 6, 2026, marked the beginning of…
By Seun Ibiyemi Nigeria’s Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, has urged Danish investors and businesses to explore the growing investment opportunities in Nigeria’s marine and blue economy, promising attractive incentives, strong commercial prospects and an increasingly private-sector-driven business environment. Oyetola made the call in Copenhagen, Denmark, during a bilateral meeting with…
By Seun Ibiyemi The Lagos State Waterways Authority (LASWA) has honoured two of its distinguished professionals, Prince Gbadamosi Hakeem and Captain Shakirudeen Lamidi, as they retire from active service after completing 35 years of meritorious service in the Lagos State Civil Service. The authority described the retirees as accomplished professionals whose careers contributed significantly to…
By Seun Ibiyemi The Lagos State Waterways Authority (LASWA) has announced the successful completion of the fourth module of its Ferry Safety Development and Mentoring Programme, with participants receiving practical training on marine engine systems. The module, titled “Introduction to Engine Systems,” was delivered throughout August 2026 as part of efforts to strengthen the technical…
