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.
Business
ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026
New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.
Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.
The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.
The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.
ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.
“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”
Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.
“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”
With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.
Business
UBA Foundation Drives Environmental Awareness with Tree Planting in Lagos Schools for WED 2026
UBA Foundation tree planting initiative marks World Environment Day 2026 with sustainability drive across Lagos schools to promote climate action
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