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

Nigerian Stock Market Gains N513bn Despite Short Trading Week

Federal Court Denies Access Bank’s Bid to Freeze MTN Accounts Over ₦180 Billion Dispute

CBN Stands Firm on BDC Recapitalisation Deadline, Rejects Extension Rumors

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

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

Nigerian Stock Market Gains N513bn Despite Short Trading Week

by Jide Omodele
June 16, 2025
0

The Nigerian stock market ended the week on a high note, posting a N513 billion increase in market capitalization despite...

Federal Court Denies Access Bank’s Bid to Freeze MTN Accounts Over ₦180 Billion Dispute

by Stephen Akudike
June 13, 2025
0

A Federal High Court in Lagos has rejected a request by Access Bank Plc to freeze the bank accounts of...

NEC Affirms CBN $3 Billion Loan for Naira Stability

CBN Stands Firm on BDC Recapitalisation Deadline, Rejects Extension Rumors

by Stephen Akudike
June 12, 2025
0

The Central Bank of Nigeria (CBN) has categorically dismissed reports suggesting an extension of the recapitalisation deadline for Bureau De...

FG Obtain $300 Million World Bank Palliative Loan

Nigeria’s $5 Billion Oil-Backed Loan with Aramco Hits Delay Amid Falling Crude Prices

by Stephen Akudike
June 11, 2025
0

Negotiations between Nigeria and Saudi oil giant Aramco over a $5 billion oil-backed loan have stalled, as falling global crude...

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

FG Allocates N5.1 Billion for Presidential Yacht and N5.5 Billion For Student Loans

FG, States, and LGAs Share ₦1.659 Trillion in May Revenue – FAAC

June 19, 2025
Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

Nigerian Stock Market Dips as Investors Lose ₦183 Billion

June 19, 2025

Popular Story

  • Guaranty Trust records N214.2b pre-tax profit.

    GTBank to Deduct N6.98 USSD Fees from Airtime Starting June 18

    0 shares
    Share 0 Tweet 0
  • IMF Forecasts: The Fastest Growing Economies in 2024

    0 shares
    Share 0 Tweet 0
  • BlackRock Joins Blockchain Platform Axoni for Equity Swap Trades

    0 shares
    Share 0 Tweet 0
  • CBN Crackdown: Nigerian Banks Face Dividend Freeze Until 2028

    0 shares
    Share 0 Tweet 0
  • Tight Liquidity Threatens Nigerian Banks Amid CBN’s 50% Reserve Policy – Report

    0 shares
    Share 0 Tweet 0
RateCaptain

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}
?>