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NAAPE urges FG, NCAA, NMDPRA to address Jet A1 crisis over safety concerns

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The National Association of Aircraft Pilots and Engineers (NAAPE) on Sunday urged the Federal Government, the Nigerian Civil Aviation Authority (NCAA), the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), and fuel suppliers to urgently address the ongoing Jet A1 fuel crisis, warning that the situation is posing growing risks to airline operations and passenger safety.

In a statement issued in Abuja, the union said persistent fuel supply disruptions have continued to affect flight operations nationwide, forcing airlines to adjust schedules, delay departures and reduce route frequencies amid mounting operational costs.

NAAPE President, Bunmi Gindeh, said the situation has become a major safety concern, particularly for flight crew members facing extended duty hours due to operational disruptions linked to fuel shortages.

“The persistent disruptions to flight schedules occasioned by the Jet A1 supply shortfall have resulted in significant extensions of crew duty time beyond planned parameters,” he said.

“Fatigue impairs cognitive function, slows reaction time, and, most dangerously, erodes situational awareness,” he added.

According to the union, fatigue management remains a critical global aviation safety issue because prolonged work cycles can affect judgement, communication and emergency response capacity during flight operations.

NAAPE also warned that the economic impact of the fuel crisis is placing additional strain on airlines and aviation workers.

“Grounded or delayed aircraft generate no revenue, yet fixed operational costs persist. The strain often filters down to aviation workers through delayed salaries, reduced welfare conditions, and rising workplace stress,” Mr Gindeh noted.

The warning comes amid growing pressure across Nigeria’s aviation industry over rising Jet A1 prices and supply constraints.

PREMIUM TIMES has reported extensively on how the aviation fuel crisis continues to affect airline operations and passenger experience across the country through delays, cancellations, schedule disruptions and operational adjustments by carriers.

Most recently, on 8 May, Rano Air announced the temporary suspension of some of its routes, citing the more than 300 per cent increase in Jet A1 prices and worsening operational costs.

The airline said the development had placed “enormous pressure” on its operations, forcing it to scale back services on affected routes because some routes had become “extremely challenging and commercially unsustainable.”

Other domestic operators, including Air Peace, United Nigeria Airlines and Ibom Air, have also repeatedly raised concerns over rising aviation fuel costs, warning that the situation is threatening the sustainability of airline operations.

Industry operators say aviation fuel remains the single largest cost component for airlines in Nigeria, accounting for as much as 40 per cent of operating expenses in some cases, significantly above global averages.

Although the Federal Government previously intervened after airlines threatened operational shutdowns over soaring fuel prices, operators say the underlying supply and pricing challenges remain unresolved.

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PSIRS Announces Collection of Over 5,000 Unclaimed Driver’s Licences

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The Plateau State Internal Revenue Service (PSIRS) has announced the receipt of a backlog of more than 5,000 unclaimed and outstanding driver’s licences from the Federal Road Safety Corps (FRSC).

In a statement, the Service called on all Plateau State residents who have been awaiting their driver’s licences to visit the Plateau State Internal Revenue Service Headquarters, No. 6 Bank Road, Jos, for immediate collection.

The collection exercise will take place during official working hours, Monday to Friday, from 8:00 a.m. to 5:00 p.m.

Applicants are advised to come along with a valid means of identification and any other relevant documents required to facilitate a smooth verification and collection process.

The PSIRS urged all affected residents to take advantage of the exercise and collect their driver’s licences without delay.

The statement was signed by Wulashik Lucius Dafaan, Head, Corporate Communications Department, Plateau State Internal Revenue Service.

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Regency Alliance Insurance Plc, Regency Alliance, private placement, capital raise, recapitalisation, NAICOM, National Insurance Commission, Nigerian insurance industry, insurance recapitalisation, capital base, strategic investors, underwriting capacity, solvency margin, corporate governance, Nigeria Exchange Limited, NGX, Lagos, insurance sector, financial services, business expansion, product innovation, digital transformation

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Regency Alliance Insurance Signs Private Placement Agreement to Strengthen Capital Base

Regency Alliance Insurance Plc has signed a Private Placement Agreement as part of its recapitalisation programme aimed at strengthening its capital base and meeting the minimum paid-up share capital requirement set by the National Insurance Commission (NAICOM).

The company disclosed that the agreement, signed on July 10, 2026, marks a significant milestone in its multi-phase capital raising programme approved by its Board of Directors.

The signing ceremony, held at the company’s headquarters in Lagos, was attended by members of the Board, management team, issuing houses, legal advisers, stockbrokers and other stakeholders.

Under the arrangement, Regency Alliance plans to raise capital through a private placement of 7.37 billion ordinary shares targeted at strategic investors.

According to the company, the capital injection will strengthen its solvency margin, enhance underwriting capacity, support business expansion and finance investments in technology, product innovation and customer experience.

Regency Alliance noted that the transaction also reflects the confidence of strategic investors in the company’s corporate governance, financial outlook and long-term growth strategy.

The insurer said the additional capital would position it to pursue new business opportunities, improve operational resilience, deepen market penetration and deliver sustainable value to shareholders, policyholders and other stakeholders.

The Board added that it remains committed to completing the capital raising exercise in an orderly and transparent manner while maintaining high standards of corporate governance and regulatory compliance.

The post Regency Alliance Insurance Plc, Regency Alliance, private placement, capital raise, recapitalisation, NAICOM, National Insurance Commission, Nigerian insurance industry, insurance recapitalisation, capital base, strategic investors, underwriting capacity, solvency margin, corporate governance, Nigeria Exchange Limited, NGX, Lagos, insurance sector, financial services, business expansion, product innovation, digital transformation appeared first on Business Today NG.

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