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Nigeria Airlines to Raise Fares by 20 Percent, Guardian Says

Jan. 11 (Bloomberg) -- Nigeria’s domestic airlines will raise their fares by 20 percent because of an impending jump in the price of aviation fuel, the Guardian reported, citing Steve Mahonwu, chairman of the Airline Operators of Nigeria.

Fuel retailers wrote to airlines operating in the country last weekend, telling them of plans to increase the price of aviation fuel by 10 percent starting yesterday, the Lagos-based newspaper reported.

To contact the reporter on this story: Sam Olukoya in Lagos at solukoya2@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net.

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