News
Airlines Lament As Aviation Fuel Price Hits N1,300 Per Litre
The Airline Operators of Nigeria have expressed deep concern regarding the escalating cost of operations, amidst the surge in aviation fuel prices exceeding N1300.
This was disclosed in a statement on Friday by the Spokesman of Airline Operators of Nigeria, Obiora Okonkwo.
Okonkwo in the statement stressed the critical need for immediate government intervention to prevent the collapse of numerous airlines.
The airlines said that the fluctuation in forex rates and the soaring cost of aviation fuel at N1,300 per litre have disrupted operational planning and stability within the aviation sector.
Okonkwo, who also chairs United Nigeria Airlines, explained that the unforeseen increase in aviation fuel prices from N700 per litre and the rise in the exchange rate to N1400/$1 have resulted in significant losses for airlines, TheGlittersreports.
Passengers who purchased tickets well in advance under previous rates are now being airlifted at the current higher costs, further impacting the airlines’ loss in the revenue stream, he claimed.
“We are making losses on factors that are beyond our control. We are not only faced with the problem of scarcity of dollars; even the aviation ecosystem is feeling the heat. Handling companies have increased the cost of their services, airports have increased their charges and those that service the aircraft have also increased the cost of their services. The monies for these payments are coming from the passengers who are already exhausted financially,” he said.
Okonkwo also noted that numerous businesses in Nigeria are experiencing low returns, leading to a decline in the number of essential passengers traveling during both peak and off-peak seasons. As a result, the airlines struggle to maintain adequate load factors to support their operations during the current low season, as there are fewer travelers for tourism and social engagements.
“Passenger traffic has shrunk because even those on social engagement like weddings, burials and other ceremonies may not be inclined to spend money on flight tickets; they would rather send credit alerts to those hosting the events who would appreciate such gestures. So, they pay instead of appearing in person,” he added.
“Air travel is a catalyst to economic development. There should have been government engagement with airlines at different levels. Airlines do not have special forex allocation; so, they buy at the same place traders who trade in Brazilian hair, textiles, and others buy.
“Our passion to remain in this business is being eroded. We are at the point of oxygen supply. Some airlines are going into a coma. Our equipment is diminishing. The minimal revenues we earn to keep the airlines flying, we convert to pay our lessors.
“It is impossible to bring in more aircraft. Aircraft owners have become skeptical because of country risk. A Nigerian airline may meet its terms, and all the standard criteria but the aircraft owners consider country risk above other factors. Country risk supersedes everything and lessors have their own obligations. So, there is nothing personal. Some airlines deposited money with the Central Bank of Nigeria but they cannot provide us the needed dollars,” he said.
News
Presidency mocks Atiku over 2027 ambition, calls him serial loser, advises Obi to leave ADC
The Presidency has dismissed ex- Vice President Atiku Abubakar over his renewed declaration to contest the 2027 presidential election, describing his ambition as a recurring political miscalculation that will end in defeat.
Recall that Atiku, in a recent interview with said the 2027 general election would mark his final attempt at the presidency.
However, the Presidency, speaking through the Special Adviser to the President on Information and Strategy, Bayo Onanuga, ridiculed the former vice president’s chances, insisting he was likely to “repeat history” and suffer another electoral loss.
Reacting through the Special Adviser to the President on Information and Strategy, Bayo Onanuga, the Presidency argued that Atiku’s political trajectory shows a pattern that has repeatedly ended in defeat.
“This Atiku will never learn,” Onanuga said.
He further accused the former vice president of attempting to undermine the informal zoning and rotation understanding between Nigeria’s North and South, which has long influenced presidential politics.
Once again, Abubakar Atiku has put forward a self-serving argument to justify his attempt to disrupt Nigeria’s power rotation arrangement,” Onanuga stated. “In 2023, as a member of the PDP, a party that, like others, practices zoning, Atiku disregarded the established formula and sought to succeed a fellow northerner who had spent eight years in office. His ambition fractured the PDP, leading to his resounding defeat at the polls.”
The Presidency also predicted another electoral loss should Atiku proceed with his 2027 ambition.
“Now, he stands poised to repeat history and face another doom. Another spectacular failure awaits this perennial candidate in the next election,” he added.
Onanuga also referenced Atiku’s recent interview, where the former vice president reiterated his stance on North-South rotation, insisting that the South has held power for longer periods since 1999.
According to him, Atiku’s argument ignored key historical context, particularly the circumstances surrounding the transition following the death of former President Umaru Musa Yar’Adua, which led to former President Goodluck Jonathan completing the tenure.
“He conveniently overlooks the fact that the North’s shorter tenure was due to the untimely death of President Umaru Yar’Adua, which led to President Jonathan’s succession,” Onanuga said. “This accidental breach does not invalidate the power rotation arrangement between the North and the South.”
Reaffirming the Presidency’s position on zoning, he maintained that the South should retain the presidency through 2027.
Since Buhari completed his eight years, Tinubu too must complete his own. All Atiku needs to do is to bury the thought of running again, as it is still the South’s turn in the 2027 election,” he concluded.
Onanuga also made a remark directed at Labour Party’s 2023 presidential candidate, Peter Obi, suggesting he distance himself from speculation linking him to a possible coalition arrangement involving the African Democratic Congress (ADC), following Atiku’s renewed political positioning.
News
BBC to fire 2,000 workers to make £500m savings
The British Broadcasting Corporation (BBC) has announced plans to reduce its workforce by up to 2,000 roles as it moves to address mounting financial challenges.
The broadcaster said it must cut costs by £500 million within the next two years.
Interim Director-General Rhodri Talfan Davies acknowledged that the planned job losses would be difficult for employees but stressed the need to act quickly to stabilise the organisation’s finances.
Speaking on BBC Radio 4’s Media Show, Davies said the broadcaster would spend the coming months determining how to implement the reductions without undermining essential radio, television and online services relied upon by audiences.
He added that further details on how the restructuring would affect BBC operations would be released later in the year.
Speaking on the announcement, the head of the broadcasting union Bectu, Philippa Childs warned that job losses on such a scale would have serious consequences for both staff and the broadcaster’s future.
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The BBC currently employs around 21,500 full-time equivalent staff.
In an email to staff on Wednesday, April 15, 2026, Davies explained that the organisation is grappling with widening financial gaps due to rising production costs, pressure on licence fee revenue, reduced commercial income and ongoing global economic uncertainty.
Meanwhile, the UK Culture Secretary, Lisa Nandy, said the BBC, like other institutions, must make tough financial decisions.
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She noted that the broadcaster’s leadership was also exploring commercial opportunities and alternative revenue streams to strengthen its finances.
The restructuring announcement comes ahead of the arrival of incoming Director-General Matt Brittin, a former Google executive, who is set to officially replace departing chief Tim Davie on May 18.
News
PDP approved appointment of Wike as minister – APC
The National Chairman of the All Progressives Congress (APC), Nentawe Yilwatda, has said that the Peoples Democratic Party (PDP) approved the appointment of Nyesom Wike as a minister in the administration of Bola Tinubu.
Yilwatda made the disclosure on Wednesday during a media chat in Abuja while responding to questions on Wike’s continued membership of the PDP despite serving in an APC-led government.
The APC chairman said Wike’s appointment was not unusual, citing precedents where past administrations appointed opposition figures into key government positions.
He referenced the appointments of Bala Mohammed and Adamu Aliero, who served as ministers of the Federal Capital Territory under previous PDP administrations despite belonging to other parties.
“President Jonathan discovered Bala Mohammed was good enough and brought him from ANPP,” he said.
“Aliero was also appointed by President Yar’Adua from ANPP because of his experience.”
Yilwatda argued that the backlash against Tinubu over Wike’s appointment was unjustified.
“What’s wrong if President Tinubu is doing what two former presidents have done and nobody condemned them?” he asked.
He also pointed to other opposition figures serving in the current administration, including Bianca Ojukwu, noting that criticism appears to be disproportionately focused on Wike.
According to the APC chairman, Wike formally wrote to the PDP’s National Working Committee in 2023 seeking permission to accept the ministerial role.
He said the party granted approval for Wike to serve in the APC-led government.
“Wike wrote the national working committee of PDP before he took the appointment,” Yilwatda said.
“The national working committee of PDP approved that he should come and serve with us.”
Yilwatda maintained that Wike’s role in the Tinubu administration is backed by the PDP, not the APC.
“He is serving with us with the approval of the national working committee of PDP,” he said.
“So, it was PDP that approved that Wike should work with the APC.”
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