Starting November 1, 2024, a one-way flight from Lagos to Abuja on Air Peace will cost ₦200,000, marking a significant increase in airfare amidst Nigeria’s economic struggles. The current harsh economic climate has severely impacted the aviation industry, forcing airlines to raise their fares, much to the dismay of passengers. This situation has led many […]
Tag: Airlines
Nigeria: Air Ticket Prices Rise By 34.06% – NBS
The cost of air travel for Nigerians continues to surge, with average ticket prices witnessing a significant 34.06% increase over the past year. According to the latest report from the National Bureau of Statistics, airfare rose from N55,906.86 in May 2022 to N74,948.78 in May 2023. Meanwhile, commuter bus fares also experienced an 11.66% uptick […]
Aviation fuel: NNPC, NMDPRA, Airlines Operators Agree To End Scarcity
…as Wase brokers truce The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigerian National Petroleum Company (NNPC) Limited avaition fuel marketers and the airlines operators have agreed on an interim price of Jet A-1 otherwise known as aviation fuel at N500 per litre. The agreement was reached at a meeting held at the National […]