The Nigeria Central Bank on Wednesday released additional $250m on seven to 30-day forwards for agriculture, airlines, petroleum products and raw materials. The apex bank also called for bids for wholesale spot for $100m for Basic/Personal Travel Allowances, medicals and tuition fees. Confirming this in Abuja, the Acting Director, Corporate Communications Department, CBN, Mr. Isaac […]
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THE Airline Operators of Nigeria (AON) has called on the Federal Government to as a matter of urgency, address the acute shortage of Jet Fuel that the country has been experiencing in recent times. The call was made by the Chairman of AON, Captain Nogie Meggison on the heels of a consistent unavailability of the […]
Read More As the scarcity of aviation fuel persists, domestic airlines in the country have said that they may be forced to scale down their operations if nothing is done to ameliorate the situation. Many airline operators, according to Punchng on Wednesday said that aviation fuel, also known as Jet-A1, was being bought at cut throat prices ranging from […]
Read More Domestic airlines in the country may increase the fares payable on air ticket following the recent hike in the price of aviation fuel, popularly known as Jet-A1. According to them, a circular informing them of the increase in the price of aviation fuel from N115 per litre to N150 was issued in Lagos last week. […]
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