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Aviation fuel volatility: Nigerian carriers on life support
The Nigerian aviation industry, often described as the local economy’s barometer, is currently screaming “Mayday,” writes WOLE SHADARE What began as a turbulent climb in operational costs has rapidly devolved into a free fall, leaving domestic carriers gasping for air as the price of Jet A1—aviation fuel—skyrockets to an unprecedented N3,300 per litre. For an industry where fuel typically accounts for 40% of operational costs, this 300% surge from just N900 in February 2024 has turned…
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