Airline Operators Warn of N150bn Loss as Aviation Debt Crisis Escalates in Nigeria
The Airline Operators of Nigeria (AON) has raised alarm over what it described as worsening financial pressure in the aviation sector, revealing that domestic airlines have lost over N150bn within two months amid rising operational challenges and unresolved industry debts. A member of the AON Board of Trustees, Roland Iyayi, disclosed this while speaking on […]
Dangote Refinery Says It Is Absorbing Fuel Cost Pressures
A senior official of the Dangote Group has said the company’s petroleum refinery is currently absorbing part of the rising cost of petrol and diesel sold in Nigeria, following a surge in global crude oil prices. The official, who spoke on condition of anonymity, said the refinery’s ex-depot petrol price of about N1,200 per litre […]
