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KEGOZ MARKET WATCH KEGOZ BULLETIN · 23 OCT 2026 ·UPDATE
  • PMS · Depot average₦1,348/L— ₦0
  • DIESEL (AGO) · Depot average₦1,789/L— ₦0
  • COOKING GAS (LPG) · Depot average₦1,200/kg▲ ₦30
  • BRENT CRUDE · 22 Oct close$113.17/bbl▲ 4%
  • USD/NGN · CBN official · 21 Oct₦1,334.72/$1
  • USD/NGN · Parallel · 23 Oct bulletin₦1,360–1,390/$1
  • DANGOTE PMS · Gantry · 23 Oct bulletin₦1,325/L
  • DANGOTE AGO · Gantry · 23 Oct bulletin₦1,800/L
  • DANGOTE LPG · Depot · 23 Oct₦1,045/kg▲ ₦20
  • NNPC PMS · Abuja pump · 16 Oct₦1,405/L
Source: KEGOZ Daily Trading Intelligence Bulletin, Issue 054. Indicative prices; quote dates vary. Depot-average changes vs Issue 053. Some LPG quotes date from 16–19 Oct; the current median may be higher. Verify with suppliers before trading. Not a live feed.

Experts Warn of Safety Lapses in Nigeria’s Private Jet Operations

Aviation experts have raised concerns over alleged gaps in safety regulation and oversight of private jet operations in Nigeria, warning that continued lapses could lead to serious accidents and damage the country’s aviation reputation.

The concerns follow an October 15, 2026 incident involving a Triton Aviation Bombardier Challenger 604, which reportedly lost a cabin door mid-flight over Abuja before making an emergency landing at the Nnamdi Azikiwe International Airport.

Other incidents cited include the Flint Aero HS125 accident in Ibadan in November 2023, a Challenger CL-601 runway overrun in January 2024, and helicopter crashes involving Eastwind Aviation in Finima, Bonny, in October 2024, as well as Quorum Aviation and Bristow Helicopters in 2016. Some of the helicopter accidents resulted in fatalities.

Industry consultant and former Rector of the Nigerian College of Aviation Technology, Zaria, Captain Samuel Caulcrick, told THISDAY that scheduled commercial airlines face more stringent regulatory scrutiny than private and business aviation operators.

He explained that commercial airlines operate under stricter regulatory frameworks covering crew rest, maintenance schedules and standard operating procedures, while private flights operating under non-commercial permits enjoy greater flexibility.

Read Also: nitda-naccima-partner-to-boost-nigerias-digital-economy

Caulcrick also attributed the disparity partly to differences in how commercial and private aviation contribute to regulatory funding, arguing that the funding structure could influence oversight priorities.

Similarly, retired Group Captain John Ojukutu, chief executive officer of Centurion Security and Safety Consult, questioned whether the Nigeria Civil Aviation Authority (NCAA) had adequately verified the licences of foreign flight crews and the airworthiness of foreign-registered aircraft operating in the country.

Ojukutu called for tighter monitoring of foreign-registered private aircraft, including security clearance for domestic movements beyond their customs entry airports. He also urged the NCAA to ensure that private operators offering charter services fully comply with Nigeria Civil Aviation Regulations.

He further warned that private aircraft operators serving commercial passengers without adequate regulatory compliance could undermine domestic airlines, which are already facing financial pressures.

However, NCAA Director of Public Affairs and Consumer Protection, Michael Achimugu, defended the regulator’s performance, saying Nigeria’s aviation incident record remained low compared with that of many leading countries.

Achimugu said incidents could occur even under effective regulatory systems, adding that each occurrence provides an opportunity for the authority to strengthen its oversight and improve aviation safety.

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