The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has shut down two gas plants and two petrol stations in Delta state, for under-dispensing.

Victor Ohwodiasa, coordinator of NMDPRA in Delta, spoke to the press in Warri on Thursday.

Ohwodiasa said NMDPRA’s surveillance team closed the stations at the Asaba and Ibusa axis of the state on Tuesday and Wednesday due to under-dispensing, operating without valid licences, and other illegal practices.

“In line with our mandates, we constantly visit petroleum retail outlets to ensure they sell one litre for one litre,” he said.

“Agreeably, there are bound to be variations due to mechanical error in their machines, but these are subject to limits; when it exceeds, we shut down the facilities.”

Ohwodiasa urged petroleum marketers to ensure that their meters are well-calibrated to sell accurately.

“Based on what we have been doing to ensure the consumers are not shortchanged, we have been visiting retail outlets across the state to ensure sanity is maintained within the area,” Ohwodiasa said.

“This week, we have sealed four stations within the Asaba and Ibusa axis over offences bordering on under-dispensing, operating without valid licenses and illegal activities within the filling stations.”

He said the regulatory authority will continue inspecting such cases through the end of the year to ensure fair sales to consumers.

Ohwodiasa encouraged the public to report suspicious practices to NMDPRA, including under-dispensing, the discharge of unauthorised products by petroleum marketers, product quality, suspected diversion, and illegal bunkering activities.

Air Peace Lagos-bound flight was disrupted by a bird strike shortly before takeoff in Abuja on Thursday.

A bird strike is a collision between a bird and an aircraft which is in flight or on a takeoff or landing roll.

According to a statement by Ejike Ndiulo, its head of corporate communications, Air Peace said the flight from Abuja to Lagos took off around 6:30am.

“We wish to inform our esteemed passengers that our Abuja-Lagos 06:30 flight experienced a bird strike before take-off, prompting a ramp return as a safety measure. All passengers disembarked normally,” the airline said.

“We have deployed a replacement aircraft for the affected flight in order to minimize disruptions, thus ensuring that passengers continue their journeys promptly.

“We appeal for the understanding of our valued passengers impacted by this development, as well as those on other flights that may experience delays.

“At Air Peace, we are committed to providing safe, comfortable, and reliable air travel for all our passengers.”

A passenger, Inibehe Effiong, a Lagos-based human rights lawyer, took to his Facebook page to share his experience on the flight.

Effiong said the development threw some passengers into panic with the attendant screaming.

“While taxing on the runway and just before takeoff, our Air Peace flight from Abuja to Lagos scheduled for 6:30 AM today was stopped forcefully, resulting in panic and screams by some passengers,” he posted.

“The captain attributed the incident to a bird strike. We have been deboarded to await either a replacement or repair of the aircraft.

“Thankfully, whatever happened did not occur after takeoff. It would have been scarier.”

A few minutes later, Effiong posted that the faulty aircraft had been replaced and the passengers were already boarding preparatory to the Lagos trip.

On November 4, one of Air Peace’s flights heading to Abuja from Benin could not continue the trip due to a technical snag the aircraft encountered shortly after takeoff.

Access Holdings has announced that Access Bank United Kingdom (UK) has signed an agreement to acquire a majority stake in Afrasia Bank Limited, the fourth-largest bank in Mauritius by assets.

In a statement on Thursday, Olakunle Aderinokun, head of media relations at Access Holdings, said Mauritius holds a strategic advantage, with the financial sector contributing 13.4 percent to the country’s gross domestic product (GDP).

He said the acquisition will provide Access UK with a robust platform to grow its personal and corporate banking operations.

“Furthermore, Access Bank will utilize Mauritius as a strategic hub for trade finance and regional connectivity, thereby enhancing its capacity to facilitate cross-border transactions across Africa and beyond,” Aderinokun said.

“The transaction represents a transformational step forward for Access UK and the overall Access Holdings’ banking franchise.

“At the end of its fiscal year ended June 30, 2024, Afrasia Bank recorded Total Assets of more than US$5.7 billion and Net Profit After Tax of US$152.4 million.”

Roosevelt Ogbonna, chief executive officer (CEO) of Access Bank, said Mauritius offers immense potential as an international financial hub.

“This acquisition marks a pivotal moment in our African growth strategy, reinforcing our position as a leading Pan-African financial institution,” he said.

“Mauritius offers immense potential as an international financial hub, and through Afrasia Bank, we are excited to unlock new opportunities to drive trade, support businesses, and foster economic inclusion across the region as we continue our mission to be the World’s Most Respected African Bank.”

On his part, Jamie Simmonds, managing director of Access Bank UK, said Afrasia Bank offers the financial institution a sustainable platform for long-term profitability due to its strong balance sheet and reputable brand in Mauritius.

Simmonds said the deal aligns with the bank’s strategy to diversify and future-proof its earnings while enabling clients to access global markets easily.

On October 29, during a media parley, Ogbonna said the bank will continue to invest in other African economies as part of its growth strategy.