Business
NMDPRA Praised for Ensuring Aviation Fuel Stability and Preventing Crisis
CEMIS commends NMDPRA aviation fuel market stabilisation efforts, saying regulator’s intervention eased tensions and ensured Jet A1 supply clarity in Nigeria
An oil sector advocacy group, the Centre for Energy Market Integrity and Sustainability (CEMIS), has praised the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for its role in stabilising the aviation fuel market.
Also read: FG Lifts Petrol Import Ban as Nigeria Approves New Licences Amid Supply Concerns
CEMIS Hails NMDPRA for Stabilising Aviation Fuel Market, statement followed recent regulatory interventions that helped calm tensions within the aviation sector and reduce fears of possible disruptions to air travel.
According to the group, the regulator’s clarification on Jet A1 fuel availability and pricing came at a crucial time, helping to address uncertainty among airline operators and market participants.
CEMIS Executive Director, Tunde Adeyemi, noted that confirmation of more than 70 days of aviation fuel sufficiency reflected a stable supply outlook and helped counter misinformation about potential price spikes.
The group also stressed that aviation fuel pricing is influenced by global crude oil trends, foreign exchange movements, and logistics costs, making transparency essential for market stability.
CEMIS further highlighted the growing role of local refining, saying domestically produced aviation fuel trading slightly below international benchmarks signals improved capacity and reduced vulnerability to external shocks.
The organisation urged stakeholders to avoid spreading unverified claims that could destabilise the market, calling instead for responsible engagement across the sector.
Also read: Nigeria LPG Supply Falls Amid Rising Prices and Middle East Crisis
It also encouraged the Federal Government to continue strengthening regulatory institutions, noting that consistent oversight is key to sustaining progress in both the energy and aviation industries.
Dangote Petroleum Refinery has set its initial public offering price at ₦525 per share, with the company seeking to raise about ₦2.15 trillion as it prepares to enter Nigeria’s public equities market.
The Securities and Exchange Commission has approved the offer for 4.1 billion ordinary shares at ₦525 each. If fully subscribed, the offer would generate approximately ₦2.15 trillion, equivalent to about $1.6 billion at current exchange rates.
The offering is expected to open on 14 September 2026, according to Aliko Dangote, the president of Dangote Industries. The planned sale is positioned to become one of the largest equity offerings in Africa.
The IPO marks a significant step in Dangote Group’s plans to broaden ownership of the refinery and raise additional capital for expansion.
The refinery currently has a stated processing capacity of 650,000 barrels of crude oil per day. Dangote has said the company plans to increase that capacity to 1.4 million barrels per day as part of its longer-term expansion strategy.
The planned share sale follows a $1 billion underwriting programme completed in August, providing additional financial backing ahead of the public offering.
The refinery, located in the Lekki area of Lagos State, is one of Africa’s largest industrial projects and has become an increasingly important player in Nigeria’s fuel supply market since beginning operations.
The public offering will give Nigerian investors an opportunity to acquire shares in the refinery directly, while providing Dangote Petroleum Refinery with fresh capital to support its next phase of growth.
The company has also indicated ambitions to expand beyond its current Nigerian operations, with Dangote recently announcing plans for another refinery project in Kenya.
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