AIRLINES SEEK 45% INCREASE IN FARES AS GOVERNMENT PLEDGES TO END AVIATION FUEL SCARCITY

The current spike in the exchange rate of the dollar to the naira may be taking its toll on the country’s foreign-exchange-dependent aviation sector as airline operators seek to increase their fares by 45 per cent. The dollar exchange rate, which currently stands at N350, according to the airline operators, has further pushed the cost of running the business beyond […]

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