Onyema

Nigerian airlines face potential extinction within 30 days due to rising operating costs, government charges, and other pressures, according to Onyema. Domestic carriers are under threat from these financial and regulatory challenges.

Nigerian airlines are increasingly relying on bank loans due to rising fuel costs, as highlighted by Onyema. This follows a recent reduction in aviation fuel (Jet A1) prices by Dangote Petroleum Refinery to N1,450 per litre, underscoring the financial strain on domestic airlines.