Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has suspended the enforcement of the $30 helicopter landing fees for oil companies operating in the country and also directed the Federal Airports Authority of Nigeria (FAAN) to implement hybrid toll payment method at airports. This decision to suspend the landing fees follows concerns raised by…
President Bola Tinubu has finally approved a targeted fiscal incentive designed to unlock the long awaited Final Investment Decision (FID) on the Bonga Southwest Aparo (BSWA) deepwater project. This presidential nod is coming after 18 years of deadlock. With the approval, the Bonga Southwest project becomes the first FID on a Nigeria deepwater Production Sharing…
Dangote Petroleum Refinery has announced a major reduction in the prices of Premium Motor Spirit (PMS), known as petrol and Automotive Gas Oil (AGO), also known as diesel. Under the new pricing regime, the gantry price of PMS has been lowered from ₦1,175 to ₦1,075 per litre—a reduction of ₦100. The coastal price has also…
STAKEHOLDERS in the rubber market in Nigeria are pushing to reposition the market to make it contribute significantly to the nation’s gross domestic product (GDP). The stakeholders which include Chairman, Board of Trustees of the Federation of Agricultural Commodity Associations of Nigeria (FACAN), Dr. Victor Iyama, Director-General the Raw Materials Research and Development Council (RMRDC),…
The Federal Government has explained why some civil servants in the Federal Ministry of Steel Development and four federal agencies have not received their February 2026 salaries. The explanation came from the Office of the Accountant-General of the Federation (OAGF), which said the delay was caused by shortfalls in the personnel cost allocations of the…
State-run oil firm, the Nigerian National Petroleum Company Limited (NNPCL) said it generated N2.57 trillion revenue in January this year. According to the NNPCL monthly report of January 2026, it also posted N385 billion profit after tax (PaT). NNPCL further disclosed that in the period under review, N726 billion was remitted into the Federation account…
SPEAKER, House of Representatives, Abbas Tajudeen has warned that climate inaction could cost Nigeria up to 30 per cent of its Gross Domestic Product by 2050 equivalent to about $460 billion. The Speaker said the impacts of climate change are already being felt across the country with serious economic and environmental consequences, while calling for…
The Chairman of Zinox Group and Africa’s foremost digital disruptor, Leo Stan Ekeh, has expressed gratitude to President Bola Tinubu, and former President and African statesman, Chief Olusegun Obasanjo, for their goodwill messages and prayers on his birthday. Ekeh, who turned 70 on Sunday, February 22, also extended gratitude to governors; former governors, including Babatunde…
Nigeria’s Project BRIDGE has secured a $100million investment from the Board of the European Bank for Reconstruction and Development (EBRD) and another a €22 million grant from European Union Digital Economy Package of €45 million. Minister of Communication, Innovation and Digital Economy, Dr Bosun Tijani, disclosed this via his X handle @bosuntijani. He wrote: “As…
