Airline Companies Shut Down Operations Nationwide
The Airline Operators of Nigeria (AON) on early today has announced the shutdown of operations, with effect from Monday, Naijacrawl reports.
The decision was taken due to exponential cost of Aviation fuel, which has reached an all-time high of N700 per litre.
According to AON, the current situation with Jet A1 has shot up the cost of operations to over 95 percent.
The Operators stated their intention in a letter its President, Alhaji Abdulmunaf Yunusa Sarina, sent to the Minister of Aviation, Hadi Sirika.
The letter partly reads: “It is with a great sense of responsibility and patriotism that the Airline Operators of Nigeria (AON) have carried on deploying and subsidizing their services to our highly esteemed Nigerian flying public in the last four months despite the steady and astronomical hike in the price of JetA1 and other operating costs.
"Overtime, aviation fuel price (JetA1) has risen from N190 per litre to N700 currently. No airline in the world can absorb this kind of sudden shock from such an astronomical rise over a short period."
Nigerian students storm APC secretariat, vow to shut down airports
Members of the National Association of Nigerian Students, NANS, South West Zone D, on Monday stormed the National Secretariat of the All Progressives Congress, APC, Abuja, to protest against a petition and call by a group to disqualify the Governor of Ogun State, Prince Dapo Abiodun, from running for a second term in office.According to the protesters, a group had called for the prosecution and disqualification of the governor from contesting for a second term in of...
Opay set to shut down operation in Nigeria
Opay came to Enugu in August 2019 with much buzz and months later, the buzz wasn't felt anymore. Opay is now set to shut down operations in Nigeria. Is this a case of Nigeria typically killing start-ups or what? Drop your answer
Experts raise concerns over rising collapse of companies in Nigeria
A few days ago, the announcement that GlaxoSmithKline (GSK) would soon leave Nigeria shocked the entire nation.A major player in the pharmaceutical industry in Nigeria for at least 51 years, GSK produces some of the most well-known over-the-counter medications, vaccines, and consumer healthcare items under the brands Panadol, Macleans, Andrew Liver Salt, and Amoxil.Nigerians were disturbed by the news for the obvious reason. Both the exodus of multinational corporat...
Download Naijacrawl App today
Fastest way to read on the go
Download the Naijacrawl App.