Nigerian Airlines Rely on Bank Loans Amid Soaring Fuel Costs

Nigerian airlines are increasingly dependent on bank loans as aviation fuel costs continue to soar, despite a recent price reduction by Dangote Petroleum Refinery.

24 Jun, 07:05 — 24 Jun, 07:05

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Premium TimesMostly Factual69d ago

Nigerian airlines now depend on bank loans as fuel costs soar — Onyema

Onyema’s comments come barely five days after the Dangote Petroleum Refinery announced a reduction in the gantry price of aviation fuel (Jet A1) to N1,450 per litre, highlighting the continued tension between fluctuating fuel costs and the survival of domestic airlines in Nigeria. The post Nigerian airlines now depend on bank loans as fuel costs soar — Onyema appeared first on Premium Times Nigeria.

By adajiesther

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Nigerian Airlines Rely on Bank Loans Amid Soaring Fuel Costs

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Nigerian airlines now depend on bank loans as fuel costs soar — Onyema

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