Prices have risen almost fourfold this year, mainly triggered by Russia's invasion of Ukraine.
Domestic passengers who travel by air have been urged to find alternative means of transport from Monday
"No airline in the world can absorb this kind of sudden shock from such an astronomical rise over a short period," its statement said.Ukraine war to cause 'worst price shock in 50 years' Passengers in Nigeria pay for fares in naira, the local currency that has been devaluing. However, fuel suppliers need to be paid in US dollars.AON said that it had told the government, MPs, the state-owned oil company and the association representing fuel sellers that something needed to be done to bring costs down.
It will be a massive disruption for travellers in Nigeria and another blow for one of Africa's largest economies, reports the BBC's Ishaq Khalid from the capital, Abuja.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fish and chip shops face a battering as prices soar🔴Experts say as many as one in three chippies could be out of business within the next six months if rising food costs do not level off soon
Read more »
This is where the fashion pack buy second-hand designer bags for incredible pricesWe're letting you in on the secret.
Read more »
Sri Lanka food crisis: How shortage of fuel and rising prices affect entire economyWith the Sri Lankan economy in crisis, prices spiralling and fuel running out, farmers who should be planting their crops at the start of the rainy season are struggling - prompting fears of a looming food crisis.
Read more »
Families face debt squeeze as prices keep risingCost of living pressures mean a likely resurgence in people struggling to repay existing debt, a charity warns.
Read more »
Oil prices surge: Horror for UK motorists as cost for crude skyrockets to £90 a barrelBRITISH motorists have faced horror prices as oil prices surged to $111 (£90) a barrel.
Read more »
House prices hit new record but growth set to slowPrices rise 1.1% in April but interest rates and inflation will dampen the market, says the Halifax.
Read more »