Economy
Aviation authority decries flight cancellations
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The acting Director General of the Nigeria Civil Aviation Authority, Chris Najomo, has expressed concern over the increasing rate of flight cancellations, saying not less than 190 flights were canceled within two months.
Najomo stated this while delivering his speech at the Airlines-NCAA engagement over the spate of flight disruptions in the country on Friday.
He disclosed that out of 5,291 flights operated in September 2024; 2,434 were delayed while 79 were cancelled.
The acting DG added that out of 5,513 flights operated in October 2024, 2791 were delayed while 111 flights were also cancelled.
He said, “Delays and cancellations are sometimes inevitable, but poor management of these disruptions is not. It is the responsibility of airlines to ensure that every disruption, whether due to operational, technical, or weather-related challenges, is handled with the utmost professionalism and regard for passengers’ rights.
“Our flight operations data record indicates that in September 2024, five thousand two hundred and ninety-one domestic flights were operated with 2,434 delays and 79 cancellations.
In October 2024 5513 flights were operated with 2,791 delays and 111 cancellations recorded.
“We must remind all operators of the NCAA Regulations on Passenger Rights during disruptions, as outlined in the Nigeria Civil Aviation (Consumer Protection) Regulations, 2023. These regulations are not optional; they are mandatory obligations.”
Speaking at the sideline of the event, Najomo also stated that he had been receiving phone calls from the presidency and members of the National Assembly over the unruly behaviours of passengers at the airport, mostly occasioned by flight disruptions/ cancellations, describing such as an embarrassment to Nigeria.
This was as the NCAA boss insisted that no stone would be left unturned in tackling the menace and restoring the sanctity of the Nigerian airports.
While asking the airlines to tidy their end of the air transport bargains, Najomo promised to meet with the Federal Airport Authority of Nigeria after which a fresh decisive decision on how to better tackle the development would be made.
He said, “The unruly behaviour of some passengers is fast becoming very disturbing, I am getting calls from the presidency and even the National Assembly. This unruly behavior is not good for our image as a country and we are resolute in putting a stop to it.
The aviation regulator who understood that flight cancellations and disruptions were mainly responsible for the unruly behaviours of passengers at the airports insisted that violence should, however, not be the next resolution.
Also expressing her dissatisfaction with the trend of unruly behaviours, the Managing Director of the FAAN, Olubunmi Kuku, said the agency was disturbed about the development at the airports.
Kuku said, “I have continued to harp on communication and engagement with the NCAA, FAAN, and the Airline Operators of Nigeria. I have also enjoined operators to ensure that they provide us with the right information.
“We have continued to tell the passengers to ensure that they provide their email addresses to the airlines so they can get information but if you do act like a criminal within the terminal building, you would be treated as one. We understand the plight of passengers but to start behaving in a manner that is demeaning to airline staff or the airport, we would prosecute or even put you on a no-flight list.”
The Nigerian naira traded within a relatively stable range on Wednesday, May 13, 2026, as the Central Bank of Nigeria (CBN) continued interventions in the foreign exchange market.
Market analysts linked the recent stability to improved dollar inflows from exporters, foreign investors, and oil companies. In addition, the narrowing gap between the official and parallel market rates has boosted confidence in the forex market.
Meanwhile, traders said demand for foreign exchange remains high due to import payments, foreign tuition fees, medical expenses, and travel-related transactions.
Nigeria Exchange Rates – Wednesday, May 13, 2026
Currency Official Market Rate (₦) Parallel / Black Market Rate (₦) Mid-Market / Indicative Rate (₦)
US Dollar (USD) ₦1,355 – ₦1,365 ₦1,395 – ₦1,410 ₦1,360
Euro (EUR) ₦1,470 – ₦1,490 ₦1,590 – ₦1,630 ₦1,525
British Pound (GBP) ₦1,710 – ₦1,740 ₦1,850 – ₦1,900 ₦1,790
Chinese Yuan (CNY) ₦188 – ₦192 ₦195 – ₦202 ₦190
Japanese Yen (JPY) ₦9.7 – ₦10.1 ₦10.4 – ₦10.8 ₦10.0
Canadian Dollar (CAD) ₦995 – ₦1,020 ₦1,050 – ₦1,085 ₦1,015
Swiss Franc (CHF) ₦1,480 – ₦1,510 ₦1,560 – ₦1,610 ₦1,520
Saudi Riyal (SAR) ₦360 – ₦365 ₦372 – ₦380 ₦364
UAE Dirham (AED) ₦365 – ₦370 ₦378 – ₦385 ₦368
Market Insight
Financial analysts believe the recent appreciation of the naira reflects stronger forex liquidity and improving investor confidence in Nigeria’s official FX market.
However, experts warned that inflation, global oil prices, and external economic pressures could still affect the naira in the coming weeks.
Important Notice
Exchange rates may vary depending on location, transaction volume, and market conditions. Therefore, rates quoted by banks and Bureau de Change operators could differ slightly during the day.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that in April 2026, Nigeria met 99.2% of its Organization of Petroleum Exporting Countries (OPEC) crude oil production quota of 1.5mb/d.
This was revealed in the X handle of the commission, which stressed that the output rose to 1.48b/d of crude oil and 174,873b/d of condensate.
The total crude oil and condensate production, according to NUPRC, was 1.66mb/d.
“Nigeria’s production increased in the month of April to 1,488,540 barrels of crude oil and 174,873 barrels of condensates totaling 1, 663, 413 barrels per day. This implies that Nigeria met 99.2% of its 1.5mbpd OPEC quota of crude oil.”
The report revealed the that the figure also represents a 7.58% increase when compared to the month of March. NUPRC said the peak production in April was 1.85mbpd while the lowest production for the month was 1.46mbpd.
Dollar To Naira Exchange Rate
The Black Market Dollar-to-Naira Exchange Rate for 12th May 2026 Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 12th May 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1400 and buy at ₦1387 on Tuesday, 12th May, 2026, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1400
Buying Rate ₦1387
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1375
Lowest Rate ₦1367
Disclaimer:NEWSRAIN NIGERIA does not set or determine forex rates. The official NAFEX rates are obtained from the FMDQOTC website. Parallel market rates (black market rates) are obtained from various sources, including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.
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