Business
How Air Peace lost N700m in one day over NLC, TUC Action
Published
2 years agoon
By
Editor
…My business sabotage under NPF, others watch — Allen Onyema
…Stay away from aviation business, FG warns NLC, TUC
Nigeria’s airline, Air Peace has bemoaned the recent activities of the Nigeria Labour Congress, NLC, and Trade Union Congress of Nigeria, TUC, on its business.
A development which grounded their daily operations, thus creating massive flight disruption and ultimately denying the airline over N700 million in one day.
The incident has further created serious upset to many Nigerians who wondered about the rationality behind Air Peace’s involvement and why the unions would engage in such activity on a day when the airline voluntarily airlifted stranded Nigerians in war-torn Sudan.
Vanguard had reported that Air Peace airlifted 277 evacuees from war-torn Sudan to the Abuja airport with its Boeing 777 aircraft at no cost.
However, stakeholders have faulted the organized unions’ action, thus calling on the airline to sue NLC and TUC, stressing they are not above the law.
Also, the Federal Airport Authority of Nigeria, FAAN, directed the unions to stay away from the aviation industry, stressing that their actions are inimical to air safety.
It would be recalled that the unions’ official last Wednesday, stormed the Lagos Airport and took over Air Peace, check-in counters, disrupting operations due to an alleged misunderstanding they had with the Governor of Imo State Hope Uzodinma.
READ ALSO: Max Air: Nigeria Airline Operateors Speak On Abuja Crash Landed Flight
The group held that no flights should be operated into Owerri airport because Uzodinma had disrupted their May Day activities earlier in the week.
The protesters barged into the airport destroying and causing havoc at the airport while the security officials did nothing.
In the wake of the development, the management of Air Peace raised alarm over the deliberate massive disruption of their operation by the unions.
My business sabotaged as NPF, others watch —Allen Onyema
According to the Chief Executive Officer of the airline, Allen Onyema, the unwarranted actions channelled to his business by the unions was uncalled for.
He lamented that he feels unprotected following the development.
He said: “You can imagine how I felt, while I was out there in the war front trying to rescue Nigerians, the NLC and TUC went disrupting every Air Peace flight across the country today.
“We lost over N700 million as a result of the unions’ action. For somebody who has contributed so much to the nation, how do we get that money back?
READ ALSO: Crash Landed Flight: We Owe God Our Lives, Air Max Passengers Recount Ordeal
“This is so insensitive of the NLC and TUC. They chose today to disrupt our operations why? For something that does not even concern Air Peace. Because the governor disrupted their May Day activities, therefore no flight should go to Imo State.
“They wrote to us that we should not fly to the state. Already we have a contract with the passengers, not NLC or TUC. They have no right whatsoever to instruct an airline not to obey the contractual relationship or obligations they have to their passengers.
“They do not have that right. It is a shame to our nation that security agencies are watching while an airline is out there doing all it can for the country was being attacked by some people, making sure our operations were destabilized causing massive delays and massive cancellations.
“Who is going to bear the brunt? Yet this same airline is out there in Egypt risking the lives of their crew and spending hundreds of millions of naira on behalf of this country.”
Stay away from aviation business, FG warns NLC, TUC
However, as a reaction to the development, the Federal Government through the FAAN, has directed the unions’ to desist from engaging in union activities in the industry.
According to the Managing Director, FAAN, Captain Rabiu Yadudu, “The action of the organized labour is unacceptable and a deliberate plan to undermine aviation and other workers.
READ ALSO:Flights Delayed As Plane Crash Lands At Abuja Airport
“We have written to the minister of aviation telling him the government needs to protect the sector from the action of the NLC, the airports are not places for anybody to come and exercise violent behaviour or mob action.
“We will not take it, What happened to Air Peace was very regrettable and just a sign of ego massage and I think that has no place in aviation. NLC should stay away from aviation, I think picketing needs to evolve. Nobody pickets in modern society now.”
Stakeholders react
Meanwhile, the development has raised much concerns, as stakeholders insisted that it is an abuse of power and that the airline should set up a legal team to address the issue judiciary as a way of forestalling it in the future.
According to the President, Aircraft Owners and Pilots Association of Nigeria, and former Chief Executive Officer of Associated Airlines, Alex Nwuba, “We need to engage NLC under the leadership of Comrade Joe Ajaero to separate aviation from labour issues with the State government
“Aviation must speak one voice, enough of contradictory voices. If he continues to channel his energy in the wrong place, he will be put on the aviation no-fly list as an industry treat.”
Similarly, former military commandant, Murtala Mohammed Airport, Group Captain John Ojikutu, said: “The Nigeria Civil Aviation Authority, NCAA, needs regulations to come hard on the union, in the same manner, the disruptive passengers are dealt with. These irresponsible acts of the unions that may bring us to disrepute in the aviation international community should be stopped now.
“Any disruption in the airport operational area of airport security restricted area must be considered as acts of unlawful interference that need to be legally sanctioned. What has been happening to the industry from the unions are acts of unlawful interference too many.”
VANGUARD
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Business
NNPCL Reduces Fuel Price After Dangote Refinery’s Adjustment
Published
1 week agoon
August 14, 2025By
Editor
The Nigerian National Petroleum Company Limited has reduced its premium motor spirit pump price on Thursday, according to DAILY POST.
It was confirmed that NNPCL retail outlets in the Federal Capital Territory, Abuja, have reduced their pump price to N890 per litre from N945.
This new fuel price has been reflected in NNPCL retail outlets such as mega station Danziyal Plaza, Central Area, Wuse Zone 4, Wuse Zone 6, and other of its filling stations in the nation’s capital.
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The latest downward review of fuel price in NNPCL outlets represents an N55 reduction in fuel pump price.
“It was reduced to N890 per litre this afternoon, down from N945,” an NNPCL fuel attendant told DAILY POST anonymously on Thursday.
This comes a Nigerian filling station, MRS Empire Energy, on Thursday adjusted their fuel pump price to N885 and N946 per litre, down from N910 and N955 per litre.
The latest fuel price reduction trend is unconnected to Dangote Refinery’s ex-depot petrol price adjustment by N30 to N820 per litre from N850 and the price of crude oil in the international market.

Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit, PMS, commonly known as petrol, by N30, from N850 to N820 per litre, effective from August 12, 2025.
This was disclosed in a statement by the company’s spokesman, Anthony Chijiena, on Tuesday.
The 650,000-barrel-per-day plant said the move is part of its unwavering commitment to national development, assuring the public of a consistent and uninterrupted supply of petroleum products.
READ ALSO:Dangote Refinery Gets New CEO
“In line with our dedication to operational excellence and sustainable energy solutions, Dangote Petroleum Refinery will commence the phased deployment of 4,000 CNG-powered trucks for fuel distribution across Nigeria, effective August 15, 2025,” said Chijiena.
The announcement comes as the refinery prepares to commence direct fuel distribution nationwide. The development is expected to lead petroleum product marketers to reduce their pump prices in the coming days.
In Abuja, the retail fuel price stood between N885 and N970 per litre as of Tuesday evening.
Business
Indian Refiners Abandon Russia For Nigerian Crude, As Dangote Refinery Relies On US
Published
2 weeks agoon
August 11, 2025By
Editor
India Refineries have abandoned Russian crude for Nigerian crude, while domestic refiner Dangote Refinery relies heavily on West Texas Intermediate crude from the United States of America.
This followed a recent sanction threat by US president Donald Trump on India over continued patronage of Russian crude.
According to Reuters, industry sources said that Indian Oil Corporation recently bought one million barrels of Nigeria’s Agbami crude for September 2025 delivery in a tender awarded to global trader Trafigura.
Also included are one million barrels of Angola Girassol, one million barrels of US Mars, three million barrels of Abu Dhabi Murban, and two million barrels of Nigerian oil, according to Reuters.
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The report noted that the purchase is part of a broader sourcing spree that has seen Indian refiners secure millions of barrels from non-Russian sources post July 2025.
Meanwhile, Indian refiners secured purchases of Nigerian crude grades; the $20bn Dangote Petroleum Refinery in Ibeju-Lekki, Lagos, is relying on around 60 percent on US and other imoorts to feed its processing units.
Data showed that the refinery imported an average of 10 million barrels in July 2025, saying it was increasingly relying on the US for its feedstock despite the naira-for-crude deal with the Federal Government, which kicked off in October last year.
According to Reuters, the Indian Oil Corp and Bharat Petroleum have bought a million barrels of non-Russian crude billed for delivery in September and October after the US pressured India to halt purchases from Russia.
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Indian state refiners had been largely absent from the Nigerian crude market spotlight since 2022; they have in the past concentrated on Russian crude amid the Russian-Ukrainian war. However, the Indian refiners paused Russian purchases in late July 2025 after pressure from US President Donald Trump.
On the part of Dangote Refinery, data from commodities analytics firm Kpler showed that in July, US barrels accounted for about 60 percent of Dangote’s 590,000 barrels per day of crude intake, with Nigerian grades making up the remaining 40 percent.
In July, the Dangote refinery’s crude imports surged to a record 590 kbd—driven largely by US barrels overtaking Nigerian supply for the first time—amid ongoing domestic sourcing challenges, Kpler reports.
“While WTI has held a significant share in Dangote’s import slate since March, this is the first time US crude has overtaken Nigerian supply—a shift driven by several factors,” Kpler stated.
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