Business
Aviation Fuel Hike: Reps, NNPC, Others Intervene

Following the astronomical hike in Aviation Turbine Kerosene, popularly called aviation fuel, and subsequent cancellations of flights resulting in overcrowding of Nigeria’s airports, the House of Representatives and other key stakeholders have intervened.
The intervention came sequel to a threat by domestic airlines under the Airline Operators of Nigeria, to shut down operations this week over skyrocketing aviation fuel price, during the investigative hearing by the House on fuel hike in Abuja on Monday.
The Tide’s source in Abuja said the threat forced the Deputy Speaker of the House, Ahmed Wase, and other major stakeholders to convene what is described as an emergency meeting within-the-meeting to address the issue.
Such stakeholders include: Group Managing Director, Nigerian National Petroleum Company Limited, MeleKyari; Chairman of Air Peace and Vice-President of the AON, Allen Onyeama; Chairman, Major Oil Marketers Association of Nigeria, OlumideAdeosun; and Chairman, Depot and Petroleum Marketers Association of Nigeria.
Kyari, who read out the resolution from the meeting, said, “We know this is a very difficult situation. We know that once aviation fuel increases, prices of flight tickets will certainly increase and this can surely cause pains for Nigerians.
“That is why we are working with you to ensure that those pains were minimised to the barest minimum. And one of the elements is the pricing of aviation fuel.
“So, what we have engaged with MOMAN, DAPMAN and the airline operators is that in three days’ time, their representatives will sit down and agree on a transparent base for pricing. That means that they ought to have a referenced benchmark that is quoted transparently in the market.
“They will have a referenced exchange rate for the naira so that everyone can compete. They will also agree on a premium, which currently differs from customer to customer, depending on the volume you buy and the credit level”, the NNPC boss stated.
Meanwhile, the jump in the cost of aviation fuel has resulted in over-crowded airports, as airlines reschedule and cancel flights at short notice, leaving passengers stranded.
Following the development and subsequent intervention by the House of Representatives on Monday, the Federal Government, airline operators and oil marketers agreed to peg the price of the commodity at N500/litre pending the resolution of the rising price crisis of the commodity.
The current price of aviation fuel is N670/litre and this cost has led to a crisis in the sector such as flight delays and cancellations due to the inability of airlines to easily access the commodity at that cost.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Sports4 days ago
CAFCL : Rivers United Arrives DR Congo
-
Sports4 days ago
FIFA rankings: S’Eagles drop Position, remain sixth in Africa
-
Sports4 days ago
NPFL club name Iorfa new GM
-
Sports4 days ago
NNL abolishes playoffs for NPFL promotion
-
Sports4 days ago
NSF: Early preparations begin for 2026 National Sports Festival
-
Sports4 days ago
Kwara Hopeful To Host Confed Cup in Ilorin
-
Sports4 days ago
RSG Award Renovation Work At Yakubu Gowon Stadium
-
Politics4 days ago
Rivers Assembly Resumes Sitting After Six-Month Suspension