Business
NCAA to launch drone regulation portal at DroneTecX conference in Lagos
The Nigerian Civil Aviation Authority (NCAA) has said it will officially launch a digital drone regulation portal during the 6th Africa International Drone Technology Conference and Exhibition (DroneTecX 2026) scheduled to hold in Lagos next week.
In a statement issued on Saturday, the NCAA said the Drone (RPAS/UAS) Portal would be unveiled during the conference billed for 12–16 May at the NIGAV Expo Centre, Murtala Muhammed International Airport, Lagos.
The agency described the portal as part of efforts to strengthen drone regulation and improve oversight of unmanned aircraft operations in Nigeria.
According to the NCAA, the platform is expected to streamline regulatory processes involving drones, also known as Unmanned Aircraft Systems (UAS) or Remotely Piloted Aircraft Systems (RPAS).
The authority said the portal would handle processes such as drone registration, operator certification, incident reporting, ownership transfers and compliance management.
It added that the system is intended to make regulatory engagement easier for individuals, small businesses and commercial drone operators.
“This strategic launch represents a major milestone in Nigeria’s efforts to streamline Drone/Unmanned Aircraft Systems (UAS)/Remotely Piloted Aircraft System (RPAS) regulation, promote safe drone operations, and accelerate the growth of the drone industry,” the NCAA said.
The agency also noted that the platform would consolidate application and approval processes into a single digital system, allowing operators to upload documentation, submit safety case files and track applications in real time.
According to the NCAA, the portal is designed to align with the Nigeria Civil Aviation Regulations governing drone operations.
Background
Drones are aircraft operated without a pilot onboard and are either remotely controlled or programmed to fly autonomously using onboard navigation systems and software.
Their use has expanded globally in recent years across sectors including agriculture, aerial photography, mapping, surveillance, infrastructure inspection, emergency response and logistics.
READ ALSO: NCAA DG speaks on flight delays, cancellations amid passenger complaints
In Nigeria, the growing use of drones has prompted increased regulatory attention from aviation authorities over concerns related to airspace safety, security and operational compliance. Under existing civil aviation regulations, operators are required to obtain approvals and certifications for certain categories of drone operations, particularly commercial activities and flights within controlled airspace.
The authority encouraged prospective users, operators and other stakeholders in the drone sector to familiarise themselves with the platform ahead of its formal rollout.
BY NKECHI NAECHE-ESEZOBOR—Mutual Benefits Assurance Plc has disclosed an insider transaction involving one of its directors, Dr. Akinade Ogunbiyi, who sold more than 1.5 million shares in the insurance company in a deal valued at over ₦6.3 million.
The disclosure, signed by Jide Ibitayo, Company Secretary, filed with the Nigerian Exchange (NGX) and the investing public, showed that Ogunbiyi, a Non-Executive Director of the company, disposed of 1,507,309 ordinary shares of Mutual Benefits Assurance Plc between June 3 and June 9, 2026.
According to the notification, the shares were sold at prices ranging from ₦4.20 to ₦4.33 per share, placing the total value of the transaction at between ₦6.33 million and ₦6.53 million.
The transaction was reported as an initial notification of insider dealing in line with regulatory requirements that mandate directors and other insiders of listed companies to disclose transactions involving the securities of their companies.
Mutual Benefits Assurance identified the financial instrument involved in the transaction as its ordinary shares, traded on the Nigerian Exchange under the ticker symbol “MBENEFIT.”
Insider dealing notifications are a key component of market transparency and corporate governance, providing investors with information on share transactions undertaken by directors, executives, and other individuals with access to potentially price-sensitive information.
While insider transactions often attract investor attention, market analysts note that such dealings do not necessarily indicate changes in a company’s outlook, as they may be influenced by personal investment decisions, portfolio rebalancing, or other financial considerations.
The disclosed transaction took place in Lagos, Nigeria, and was executed over a seven-day period between June 3 and June 9, 2026.
Mutual Benefits Assurance Plc remains one of the companies listed on the Nigerian Exchange that regularly complies with insider dealing disclosure requirements, reinforcing transparency in the capital market.
The post Insider Dealing: Mutual Benefits Director, Ogunbiyi Sells Shares Worth Over ₦6.3 Million appeared first on Business Today NG.
The Federal Government has dismissed reports suggesting it plans to introduce new taxes on telecommunications services and petroleum products, saying the claims are false and misleading.
The Federal Ministry of Finance disclosed this on Wednesday in a statement signed by Maryann Duke, senior special assistant on communications and press secretary to the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele.
It said the reports, which linked the proposed taxes to the International Monetary Fund (IMF) Article IV Consultation on Nigeria, do not reflect its position.
According to the government, the recommendations contained in the IMF report are advisory and do not constitute policy decisions or binding actions for Nigeria.
“The Federal Government is not considering the introduction of any new taxes on telecommunications services or petroleum products,” the statement said.
Fuel tax rules remain unchanged.
The government also clarified that existing tax arrangements on petroleum products remain in place.
It said the Value Added Tax (VAT) waiver on fuel has not been removed and is still active.
It also explained that any fuel surcharge can only take effect through a ministerial order published in the Official Gazette, adding that no such action is being considered.
According to the statement, the current arrangements have helped cushion the impact of global fuel price changes on Nigerian households and businesses.
READ ALSO: NRS launches Rev360 to ease tax compliance
Telecoms excise duty
On telecommunications, the government said the excise duty introduced before 2023 has already been repealed under the new tax laws.
It added that the tax is, therefore, no longer in force.
The ministry urged Nigerians, media organisations and businesses to disregard claims about new telecoms and fuel taxes.
It said Nigeria’s tax policy remains focused on improving revenue collection, supporting economic growth, and attracting investment, rather than increasing the tax burden on citizens.
The ministry added that any future tax changes would be communicated through official channels and implemented strictly in line with due process.
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