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Nigeria's illegal oil refineries (2010)
Posted
August 3, 2010
Views
818,695
Likes
2,625
Comments
615
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August 3, 2010
818,695
2,625
615
0.40%
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2:38Now PlayingAcross delta swamps, oil thieves refine billions of dollars of stolen oil in makeshift operations resulting in frequent oil spills.
Nigerian airlines suspend plans to ground local flights over cost of jet fuel
Nigerian airlines have suspended plans to ground all local flights due to the soaring cost of jet fuel just hours before the move was due to take effect, the airline operators association said on Sunday.
The Airline Operators of Nigeria has been under pressure from the government, consumer protection bodies and customers to shelve the planned shut down since it was announced on Friday.
Airlines are complaining about paying for jet fuel upfront in cash at 700 naira ($1.69) per liter, a price that has more than doubled this year, partly as a result of Russia's invasion of Ukraine, increasing their operating costs by around 95%.
Dollar shortages in Nigeria and a weaker local currency have worsened the woes for the sector, which also faces the country-wide challenges stemming from double-digit inflation, slow growth and mounting unemployment and insecurity.
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