Investogist
No Result
View All Result
Friday, November 6, 2026
  • News
    • All
    • Africa
    • Nigeria
    • World
    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa Begins Second Phase of Share Buyback, Eyes 12m Shares

    Forbes Releases 2026 Africa’s Richest Billionaires List: Dangote Leads with $28.5 Billion

    Dangote Cement’s profit jumps 31% to ₦974.8bn as debt is cleared

    VFD Group Posts 96% Profit Jump to ₦13 Billion

    VFD Group Posts 96% Profit Jump to ₦13 Billion

    FG Begins ₦50,000 NERSI Cash Relief for Vulnerable Households

    FG Begins ₦50,000 NERSI Cash Relief for Vulnerable Households

    NCDC Reports Two Suspected Ebola Cases in North-East Nigeria

    NCDC Reports Two Suspected Ebola Cases in North-East Nigeria

    NJC sacks two heads of court, suspends two judges, sets up panel

    Court Sacks Uzodimma as APC’s Imo West Senate Candidate, Declares Okorocha Primary Winner

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa half-year profit hits $452m on mobile money, data growth

    Seplat Energy Profit Jumps 174% on Higher Oil Prices, Declares 19-Cent Dividend

    Seplat Energy Profit Jumps 174% on Higher Oil Prices, Declares 19-Cent Dividend

    Unilever Nigeria Posts ₦26.4bn Profit as Margins Surge, Pays ₦2 Interim Dividend

    Unilever Nigeria Posts ₦26.4bn Profit as Margins Surge, Pays ₦2 Interim Dividend

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    NNPC Records 33% Profit Growth, Raises Dividend 35% to N5.8 Trillion in 2025 FY

    FG Announces 30-Day Discount on Petrol Sold by NNPC

    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    NMDPRA Unveils 138 Rules to Tackle Price-Fixing, Break Monopoly in Petroleum Sector

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    Central Bank of Nigeria Cuts MPR to 23 Percent From 26.5 Percent

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

    SEC Nigeria to introduce tax incentive backed National Savings Scheme

    SEC Nigeria to introduce tax incentive backed National Savings Scheme

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Dangote ends naira sales, Begins petrol Sales in Dollar

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa Begins Second Phase of Share Buyback, Eyes 12m Shares

    Forbes Releases 2026 Africa’s Richest Billionaires List: Dangote Leads with $28.5 Billion

    Dangote Cement’s profit jumps 31% to ₦974.8bn as debt is cleared

    Red Star Express Declares 35 Kobo Dividend, Approves Restructuring at 32nd AGM

    Red Star Express Renames Freight Subsidiary as Red Star Cargo Services

    Airtel Africa Confirms Airtel Money’s London IPO Plan, Targets LSE Main Market

    Airtel Africa Opens Dollar Option for 3.1 Cents Interim Dividend

    VFD Group Posts 96% Profit Jump to ₦13 Billion

    VFD Group Posts 96% Profit Jump to ₦13 Billion

    Nestoil Pays Another $40 Million, Bringing Repayments to $100 Million

    Nestoil Pays Another $40 Million, Bringing Repayments to $100 Million

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa half-year profit hits $452m on mobile money, data growth

    Seplat Energy Profit Jumps 174% on Higher Oil Prices, Declares 19-Cent Dividend

    Seplat Energy Profit Jumps 174% on Higher Oil Prices, Declares 19-Cent Dividend

    Fidelity Bank Repays $400m Eurobond at Maturity

    Fidelity Bank Repays $400m Eurobond at Maturity

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Equities Market Declines by 0.91%, As Investors Lose N1.47trn

    Equities Market Declines by 0.91%, As Investors Lose N1.47trn

    Russian Diesel Cargo Heads for Morocco After US-Russia Fuel Deal

    Russian Diesel Cargo Heads for Morocco After US-Russia Fuel Deal

    NGX lists additional shares of Guinea Insurance Plc, Regency Alliance Insurance Plc and The Initiates Plc

    NGX lists additional shares of Guinea Insurance Plc, Regency Alliance Insurance Plc and The Initiates Plc

    Nigerian Exchange launches a WhatsApp subscription channel for public offers

    Nigerian Exchange launches a WhatsApp subscription channel for public offers

    NGX Daily Equities Market Report: MTNN lead market to a positive start for the week

    Investors trade shares worth ₦237.986 billion in the week of Dangote Refinery IPO

    Dangote refinery starts supply of petroleum products into Nigerian market

    Dangote Refinery IPO gets SEC approval, sets price at N525 per share

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Opens N4.00 Rights Issue to Shareholders

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa Begins Second Phase of Share Buyback, Eyes 12m Shares

    Forbes Releases 2026 Africa’s Richest Billionaires List: Dangote Leads with $28.5 Billion

    Dangote Cement’s profit jumps 31% to ₦974.8bn as debt is cleared

    VFD Group Posts 96% Profit Jump to ₦13 Billion

    VFD Group Posts 96% Profit Jump to ₦13 Billion

    FG Begins ₦50,000 NERSI Cash Relief for Vulnerable Households

    FG Begins ₦50,000 NERSI Cash Relief for Vulnerable Households

    NCDC Reports Two Suspected Ebola Cases in North-East Nigeria

    NCDC Reports Two Suspected Ebola Cases in North-East Nigeria

    NJC sacks two heads of court, suspends two judges, sets up panel

    Court Sacks Uzodimma as APC’s Imo West Senate Candidate, Declares Okorocha Primary Winner

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa half-year profit hits $452m on mobile money, data growth

    Seplat Energy Profit Jumps 174% on Higher Oil Prices, Declares 19-Cent Dividend

    Seplat Energy Profit Jumps 174% on Higher Oil Prices, Declares 19-Cent Dividend

    Unilever Nigeria Posts ₦26.4bn Profit as Margins Surge, Pays ₦2 Interim Dividend

    Unilever Nigeria Posts ₦26.4bn Profit as Margins Surge, Pays ₦2 Interim Dividend

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    NNPC Records 33% Profit Growth, Raises Dividend 35% to N5.8 Trillion in 2025 FY

    FG Announces 30-Day Discount on Petrol Sold by NNPC

    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    NMDPRA Unveils 138 Rules to Tackle Price-Fixing, Break Monopoly in Petroleum Sector

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    Central Bank of Nigeria Cuts MPR to 23 Percent From 26.5 Percent

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

    SEC Nigeria to introduce tax incentive backed National Savings Scheme

    SEC Nigeria to introduce tax incentive backed National Savings Scheme

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Dangote ends naira sales, Begins petrol Sales in Dollar

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa Begins Second Phase of Share Buyback, Eyes 12m Shares

    Forbes Releases 2026 Africa’s Richest Billionaires List: Dangote Leads with $28.5 Billion

    Dangote Cement’s profit jumps 31% to ₦974.8bn as debt is cleared

    Red Star Express Declares 35 Kobo Dividend, Approves Restructuring at 32nd AGM

    Red Star Express Renames Freight Subsidiary as Red Star Cargo Services

    Airtel Africa Confirms Airtel Money’s London IPO Plan, Targets LSE Main Market

    Airtel Africa Opens Dollar Option for 3.1 Cents Interim Dividend

    VFD Group Posts 96% Profit Jump to ₦13 Billion

    VFD Group Posts 96% Profit Jump to ₦13 Billion

    Nestoil Pays Another $40 Million, Bringing Repayments to $100 Million

    Nestoil Pays Another $40 Million, Bringing Repayments to $100 Million

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa half-year profit hits $452m on mobile money, data growth

    Seplat Energy Profit Jumps 174% on Higher Oil Prices, Declares 19-Cent Dividend

    Seplat Energy Profit Jumps 174% on Higher Oil Prices, Declares 19-Cent Dividend

    Fidelity Bank Repays $400m Eurobond at Maturity

    Fidelity Bank Repays $400m Eurobond at Maturity

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Equities Market Declines by 0.91%, As Investors Lose N1.47trn

    Equities Market Declines by 0.91%, As Investors Lose N1.47trn

    Russian Diesel Cargo Heads for Morocco After US-Russia Fuel Deal

    Russian Diesel Cargo Heads for Morocco After US-Russia Fuel Deal

    NGX lists additional shares of Guinea Insurance Plc, Regency Alliance Insurance Plc and The Initiates Plc

    NGX lists additional shares of Guinea Insurance Plc, Regency Alliance Insurance Plc and The Initiates Plc

    Nigerian Exchange launches a WhatsApp subscription channel for public offers

    Nigerian Exchange launches a WhatsApp subscription channel for public offers

    NGX Daily Equities Market Report: MTNN lead market to a positive start for the week

    Investors trade shares worth ₦237.986 billion in the week of Dangote Refinery IPO

    Dangote refinery starts supply of petroleum products into Nigerian market

    Dangote Refinery IPO gets SEC approval, sets price at N525 per share

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Opens N4.00 Rights Issue to Shareholders

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home News

Airline operators demand immediate removal of 5% fuel surcharge

Wednesday, 20 July 2022, 10:28 am
in News, Nigeria
0
Airlines, agents to begin sale of tickets in US dollars
Share Share Share Share Send as Email

Airline Operators of Nigeria (AON) has called for the immediate removal of the five per cent fuel surcharge collected by the Nigerian Civil Aviation Authority, (NCAA), in a move to avert total shutdown of Airline operations in Nigeria.

AON lamented that its operational cost has rising more than 130 per cent amid surging cost of aviation fuel. It said that the price of “Jet A-1 has risen from N200 per litre in February 2022 to over N780 today.”

In its reaction NCAA through is spokesperson Mr Sam Adurogboye, said the fuel surcharge is remitted to the Federal Government and not to the regulatory agency.

A letter signed by AON President, Abdulmunaf Yunusa, and addressed to the Director-General, NCAA, Capt. Musa Nuhu, read: “AON wishes to seek your kind approval of fuel surcharge as an ameliorative measure to cushion the effect of the continuous increase in the exorbitant price of Jet-Al on airline operations in the country.

“In addition to the crippling effect of intermittent shortages of Jet A-1, the price has risen from N200 per litre in February 2022 to over N780 today. This has greatly increased the operational cost of airlines by well over 130 per cent, yet airlines are unable to tncrease fares and as well suffer from the unavailability of foreign exchange to conduct their operations.

“In order to forestall a backlash and total shutdown of the system, airlines are hoping to resort to an introduction of a fuel surcharge of between 25 per cent and 40 per cent of NUC as a way of offsetting the additional burden brought about by increased fuel cost, bearing in mind that jet fuel accounts for about 40 per cent of total operational expenses.”

Reacting to the development, NCAA spokesman, Sam Adurogboye, stated: “The Federal Government asked us to collect the money on their behalf and we remit to them. NCAA’s 5 per cent on TSC and Cargo Sales Charge, CSC, is not airlines that credit the fund but passengers.

“Whatever is their airfare, we add 5 per cent to it. Before now, we collected this surcharge from passengers directly, but the airlines requested to assist us in collecting it to remove delays at the airport.

“The 5 per cent fuel surcharge was introduced by the Federal Government as a way of raising funds to fight insecurity. So if the letter is sent to NCAA, we will deliver their message to the Federal Government.”

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

Related Posts:

  • NNPC Kyari
    Airline operators will be granted license to import…
  • Fuel
    Shettima, House of Reps, NNPCL back Tinubu's removal…
  • Fuel price,
    NEC advises the suspension of removal of fuel…
  • Dangote refinery product tanks
    Ghana hopes to replace European fuel imports with…
Previous Post

ASUU tackles NGIGE, says strike continues

Next Post

#OSUNELECTION: INEC replies Davido over Certificate of Return

Next Post
#OSUNELECTION: INEC replies Davido over Certificate of Return

#OSUNELECTION: INEC replies Davido over Certificate of Return

Please login to join discussion
  • Trending
  • Comments
  • Latest
National grid collapses again

TCN restores power to Ajah Substation

Poland suspends grain imports from Ukrainian amidst plummeting prices

Poland suspends grain imports from Ukrainian amidst plummeting prices

Red Star Express Declares 35 Kobo Dividend, Approves Restructuring at 32nd AGM

Red Star Express Renames Freight Subsidiary as Red Star Cargo Services

FG Begins ₦50,000 NERSI Cash Relief for Vulnerable Households

FG Begins ₦50,000 NERSI Cash Relief for Vulnerable Households

Airtel Africa Releases Audited Financial Statements for Q1 2026

Airtel Africa Begins Second Phase of Share Buyback, Eyes 12m Shares

Forbes Releases 2026 Africa’s Richest Billionaires List: Dangote Leads with $28.5 Billion

Dangote Cement’s profit jumps 31% to ₦974.8bn as debt is cleared

Red Star Express Declares 35 Kobo Dividend, Approves Restructuring at 32nd AGM

Red Star Express Renames Freight Subsidiary as Red Star Cargo Services

Airtel Africa Confirms Airtel Money’s London IPO Plan, Targets LSE Main Market

Airtel Africa Opens Dollar Option for 3.1 Cents Interim Dividend

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2026 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved