RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Business

Nigerian Airfares See Modest Rise in April 2024, Reports NBS

Stephen Akudike by Stephen Akudike
June 3, 2024
in Business, Wealth
Reading Time: 2 mins read
A A
0
Airlines Implement Time-Saving Strategies for More Efficient Operations
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

The average cost of air travel in Nigeria rose slightly in April 2024, with passengers paying an average of N89,189.19 for a single journey on specified routes. This represents a 0.25% increase from March 2024, according to the latest Transport Fare Watch report published by the National Bureau of Statistics (NBS).

Comparing year-on-year data, the report highlights a significant 19% increase from the N74,947.30 average fare recorded in April 2023.

AlsoRead

Lagos Rolls Out Cybersecurity Guidelines to Tackle N250 Billion Annual Cybercrime Losses

Nigerian Airlines Issue Ultimatum: “We May Shut Down Operations Over N3,000/Litre Jet Fuel”

CBN Tightens Oversight on Digital Finance as Nigeria’s Fintech Boom Accelerates

Kano State reported the highest average airfare at N96,500 per journey, followed by Ogun State at N95,500, with Enugu and Rivers States tying for third at N95,000. Conversely, Abia State had the lowest average fare at N72,000, followed by Plateau State at N80,000 and the Federal Capital Territory (FCT) at N82,000.

The NBS report also provided detailed fare analysis across Nigeria’s geopolitical zones. The North Central zone experienced a slight 0.42% increase in average airfares, rising to N84,571.43 in April 2024 from N84,214.29 in March. This represents a 15.93% increase compared to April 2023’s N72,950.00.

In the North East, the average airfare increased by 0.50% to N89,733.33 in April 2024 from N89,283.33 in March, marking a 16.45% rise from N77,058.33 in April 2023. The North West zone saw fares rise by 0.37% to N92,128.57, a notable 23.10% increase from N74,842.86 in April 2023.

The South East region’s average airfare rose by 0.58% to N86,700 in April 2024 from N86,200 in March, reflecting a 15.08% increase from N75,340 in April 2023. In the South West, airfares climbed by 0.58% to N92,033.33, a 22.90% rise from N74,833.33 in April 2023.

Interestingly, the South South zone experienced a slight decline in average airfares by 0.92% to N89,833.33 in April 2024 from N90,666.67 in March, though this is still 19.74% higher than April 2023’s N75,025.

Overall, the North West recorded the highest average airfare at N92,128.57, followed closely by the South West at N92,033.33. The North Central region had the lowest average fare at N84,571.43.

These statistics underscore the fluctuating nature of air travel costs in Nigeria, influenced by various economic and regional factors. As airfares continue to rise, passengers are urged to stay informed about these changes and plan their travels accordingly.

Previous Post

President Tinubu’s First Year in Office: A Record of Achievements

Next Post

CBN Revokes Heritage Bank Plc’s Banking License

Related News

Lagos Rolls Out Cybersecurity Guidelines to Tackle N250 Billion Annual Cybercrime Losses

by Victoria Attah
April 20, 2026
0

The Lagos State Government has unveiled a comprehensive set of cybersecurity guidelines aimed at protecting businesses, public institutions, and residents...

Nigerian Airlines Issue Ultimatum: “We May Shut Down Operations Over N3,000/Litre Jet Fuel”

by Victoria Attah
April 16, 2026
0

Nigerian airlines have issued a dramatic ultimatum, warning that they may suspend all domestic and international flight operations nationwide from...

$26 Billion for unidentified source passed through Binance-Cardoso

CBN Tightens Oversight on Digital Finance as Nigeria’s Fintech Boom Accelerates

by Jide Omodele
April 13, 2026
0

As Nigeria’s digital finance sector experiences explosive growth, the Central Bank of Nigeria (CBN) is stepping up its regulatory efforts...

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

Stock Market Maintains Bullish Run as Investors Gain N1.36 Trillion in Four Days

by Jide Omodele
April 13, 2026
0

The Nigerian equities market sustained its upward momentum last week, with investors recording gains of N1.359 trillion as strong institutional...

Next Post
CBN Revokes Heritage Bank Plc’s Banking License

CBN Revokes Heritage Bank Plc's Banking License

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Opens New Trading Week with Slight Depreciation in Official Market

April 20, 2026
US Inflation drives the Dollar to reach a two-decade high

Nigerian Breweries Warns of FX Risks and Higher Inflation from Middle East Instability 

April 20, 2026

Popular Story

  • Lagos Rolls Out Cybersecurity Guidelines to Tackle N250 Billion Annual Cybercrime Losses

    0 shares
    Share 0 Tweet 0
  • Naira Opens New Trading Week with Slight Depreciation in Official Market

    0 shares
    Share 0 Tweet 0
  • NGX All-Share Index Surges Past 217,000 Points in Strongest Weekly Gain of 2026

    0 shares
    Share 0 Tweet 0
  • Nigerian Breweries Warns of FX Risks and Higher Inflation from Middle East Instability 

    0 shares
    Share 0 Tweet 0
  • Exchange rate falls at the NAFEX window as Nigeria’s external reserve dips $1 billion

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>