Nigerian airlines now depend on bank loans as fuel costs soar — Onyema
AI Summary
Nigerian airlines are increasingly relying on bank loans due to skyrocketing fuel costs, as revealed by Onyema. This follows Dangote Petroleum Refinery's recent adjustment in aviation fuel prices, underscoring the ongoing struggle for local carriers amidst volatile fuel prices. The situation highlights broader economic challenges for the aviation sector, potentially impacting travel and logistics within the country, which are crucial for Nigeria's economic activities.
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