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Tag: Aviation

Business

Tinubu Approves Relief For Airlines Amid Jet A1 Fuel Hike

The Minister of Aviation and Aerospace Development, Festus Keyamo, on Wednesday, disclosed key Federal Government interventions aimed at reducing the financial pressure on airlines following rising concerns over the cost of Jet A1 fuel and the threat of service disruptions in the aviation sector. The Minister made the disclosure after hours of meeting with a […]

Travel

FG summons emergency meeting with airline operators over aviation fuel hike

The Federal Government has appealed to domestic airlines to suspend plans to halt flight operations following the sharp rise in the price of Jet A1 fuel. Aviation Minister Festus Keyamo also urged the carriers to reconsider any planned increase in airfares. This is as he further disclosed that an emergency stakeholders’ meeting had been convened […]

Travel

Over two months of jet fuel available, says NMDPRA amid market anxiety

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has assured Nigerians of strong aviation fuel availability across the country, disclosing that current stock levels can sustain demand for a total of 74 days. In a statement issued on Friday by Director, Public Affairs Department, George Ene-Ita, the Authority said inland reserves account for 12 days […]

Business

UPDATED: Jet A1 Price Hike: Airline Operators Warn Effect Of Aviation Shutdown Will ‘Be Huge’

Airline operators in Nigeria have raised an alarm over rising Jet A1 fuel prices, warning that the impact of a potential aviation shutdown would be severe and trigger economic consequences. United Nigeria Airlines Chairman, Professor Obiora Okonkwo, who appeared on Channels Television’s Politics Today, alleged price manipulation, artificial scarcity, and black market activities in fuel […]

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