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High interest rates destroying Nigerian airlines-Demuren
Former Director-General of Nigerian Civil Aviation Authority (NCAA), Dr. Harold Demuren has advocated low interest rates on loans, saying that pegging of bank loans interest rate to single digit would help reduce airlines’ burden especially post COVID-19 pandemic. He called on the Federal Government to intervene in the operations of the indigenous airlines by addressing the double-digit interest rates on loan obtained by the carries. At a recent virtual seminar, with theme, “The Challenges and…
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