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Nigeria Week Ahead: Deepening conflict, Oil price volatility, Inflation Scare

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 Nigeria Week Ahead: Deepening conflict, Oil price volatility, Inflation Scare By Matthew Anthony, Senior Market Analyst- Africa Tensions in the Middle East are sending shockwaves through global markets, stoking fresh inflation concerns as oil prices climb. As these tensions escalate, mounting fears of inflationary shocks could force central banks to rethink their 2026 playbooks. Against this backdrop, Nigeria’s inflation eased to 15.06% in February, just before the Iran conflict erupted. Since then, gasoline prices have soared by more than 30% for Africa’s leading crude exporter, pushing transportation costs higher for everyday Nigerians. Nigeria’s oil production has helped shield it from the war’s fallout. The currency has only dipped 0.3% against the dollar in the past two weeks. However, these shifts may challenge the CBN’s plans to keep lowering interest rates. The Naira now trades at NGN1,385 per US dollar, up from NGN1,360 before tensions flared in the Middle East. Outside o...
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Keyamo offers clarifications on Akure Airport incident .... Says security breach under probe, facility not target

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  Keyamo offers clarifications on Akure Airport incident  .... Says security breach under probe, facility not target  The Minister of Aviation and Aerospace Development, Festus Keyamo, has clarified that the recent security breach at Akure Airport in Ondo State did not involve a direct attack on aviation infrastructure, insisting that the facility was never the intended target of the intrusion. He made this known while speaking in an exclusive interview on Frontline, a public affairs programme on Eagle 102.5 FM, Ilese-Ijebu, Ogun State, on Tuesday, where he addressed growing public concerns over safety within Nigeria’s airport system. Recall that on Monday, the Federal Airports Authority of Nigeria (FAAN) reported that four suspected bandits were arrested around the Akure Airport following a joint security operation triggered by a distress alert over suspicious movements near the airport perimeter. However, the Nigeria Police Force in Ondo State, in a statement by its spo...
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NAHF to Induct Industry Leaders into Hall of Fame in May 2026

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  NAHF to Induct Industry Leaders into Hall of Fame in May 2026 The Nigerian Aviation Hall of Fame (NAHF)  has   announced the upcoming 2026 Induction Ceremony, tentatively scheduled for May 2026. According to a statement by the organisers , the second edition of NAHF  will induct esteemed aviators into the Hall of Fame, recognising their dedication, achievements, and service to the industry. This prestigious event will recognise and enshrine the class of visionaries whose contributions have fundamentally shaped the landscape of Nigerian and African aerospace. The May ceremony is the pinnacle of the Aviation Hall of Fame Forum, bringing together policymakers, airline executives, and global stakeholders to celebrate excellence in the sector. HAHF is set to feature individuals who have demonstrated resilience, innovation, and a commitment to safety during a period of significant growth in Nigeria’s aviation sector. The full list of honorees will be unveiled in sta...
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NSIB begins investigation on Kaduna train accident

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 NSIB begins investigation on Kaduna  train accident  The Nigerian Safety Investigation Bureau (NSIB) has commenced  investigation into a railway incident involving a passenger train operating on the Rigasa–Idu rail corridor.  Its Director, Public Affairs and Family Assistance,Mrs Funke Arowojobe disclosed this in a statement. NSIB investigators have commenced evidence gathering and analysis to determine the circumstances surrounding the occurrence. The investigation will examine technical, operational, and infrastructure factors, including train configuration, locomotive attachment systems, operational procedures, and relevant operational data. Commenting on the incident, the Director General of the Nigerian Safety Investigation Bureau, Captain Alex Badeh Jr., expressed concern for the affected passengers and reaffirmed the Bureau’s commitment to uncovering the facts behind the occurrence. “This incident reminds us that every transport journey carries the trust...
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FAAN AVSEC, OTHERS ARREST BANDITS AT AKURE AIRPORT

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  FAAN AVSEC, OTHERS ARREST BANDITS AT AKURE AIRPORT The Federal Airports Authority of Nigeria (FAAN) said  four suspected bandits were om Sunday. March 15, 2026  apprehended within the vicinity of Akure Airport, Ondo State, following a coordinated security operation involving aviation and local security agencies. The arrest followed a distress alert that suspicious individuals were sighted behind the airport perimeter towards the Eleyewo community. In response, security personnel comprising FAAN’s Aviation Security (AVSEC), the Nigerian Air Force (NAF), the Nigerian Army, the Nigeria Police Force (NPF), and other local security outfits immediately launched a joint search operation. During the operation, some individuals were seen attempting to flee the area. Four suspects were eventually apprehended by the joint security team and have been handed over to the Nigeria Police Force Area Command for further interrogation. FAAN commends the swift collaboration among aviation ...
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Military , AVSEC arrest four bandits at Akure Airport runway

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Military , AVSEC arrest four bandits at Akure Airport runway   Operatives of the Nigerian Army on Sunday arrested four bandits who invaded the airside of Akure Airport. According to sources the bandits entered the airport runway with the intent to cause havoc. Following the alarm raised staff of the airport on possible harm to their lives and the facility , a Save our Soul (SOS), was activated to the headquarters of FAAN  seeking the intervention of the Federal Government and the Ministry of Aviation and Aerospace Development to secure the safety of personnel at the airport. According to an eye witness, the bandits were said to have pursued farmers from their farmland into the runway of Akure Airport and were seen by Air Traffic Controllers  inside the control tower who alerted security,  in particular, Aviation Security Personnel  and Air Force personnel combed the nearby forest leading to the arrest of four  of the bandits. An incident from Akure Airport ...
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No passenger stranded , abandoned on Abuja - London flight, says Air Peace Air Peace Management

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  No passenger stranded , abandoned on Abuja - London flight, says Air Peace  Air Peace Management clarified yesterday that no passenger was either abandoned or stranded following the air return incident its aircraft experienced on the Abuja - London flight on March 13, 2026. The clarification by the carrier had become imperative following reports suggesting such in many reports in circulation. In a statement on Friday , Air Peace , said :" For the avoidance of doubt, no passenger was abandoned or left stranded at any point during the handling of the situation. "The air return occurred due to a windshield crack suspected to be caused by a bird strike on our Abuja–London (Heathrow) flight. "The decision to return to base was strictly in line with established aviation safety protocols.  "The aircraft safely returned to the Nnamdi Azikiwe International Airport, where all passengers disembarked safely while our engineering team commenced the necessary technical checks o...
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