Nigeria aviation: Finding a balance for costs & airfares

Trying to contain the coronavirus could prove costly. A new study warns of a hit of between 7.2 and 20.6% of GDP. As restaurants and other services shut down on Monday, the government announced an emergency budget.

Here are a few reasons to pick up a copy of The Guardian on Tuesday⁣⁣. Find these stories and much more when you grab a copy of The Guardian on Tuesday.⁣⁣

Nigerian businesses say the cost of construction has soared due to rising cement prices. Lawmakers have criticised the dominance of three large firms in the country's cement industry amid price rises they said impedes construction that is critical to economic recovery. They have called for looser licensing rules to attract new entrants.

Inflation is continuing to soar in advanced economies around the world. In the UK, the consumer price index rose by 4.2 percent in October, the highest in a decade, while the eurozone's inflation rate hit a 13-year high. Also in the show: the EU proposes new rules to combat deforestation, and thousands of Chinese millennials seek a new life on rural farms.

Passengers in the aviation sector are presently going through difficult times as domestic airlines have jacked up airfares by a minimum of almost 100%. And in a couple of months, if the trend continues, passengers may not find air travels attractive and probably resort to other means of travel.

Nigeria to hold second interest rate meeting of 2022 on the back of an upsurge in inflation and fragile growth. Persistent double-digit inflation could pile pressure on the central bank to reconsider its dovish stance on rates.

The war in Ukraine is shaking up the global agricultural sector. With sanctions blocking supplies from Russia, soaring prices caused by high demand for fertilizers from alternative producers are threatening crops.

The French daily Libération continues its investigation into pillaged artefacts. Papers are also making pleas to the Brazilian government to step up the search for a British journalist and a Brazilian indigenous activist who have both gone missing in the Amazon. Finally, from elderly driving to chasing a wheel of cheese, we see how two women are moving forward.

Teachers led nationwide protests in Panama on Monday, demanding the government step in to curb inflation, and lower fuel and food prices, in the eighth consecutive day of demonstrations.

With diesel costs rising, especially amid the war in Ukraine, Nigerian businesses are said to be increasingly abandoning generators for solar.

German chancellor addresses spiraling energy costs: Nina Haase reports

Nigeria expects to produce 23 million metric tonnes of maize this year, a 12% rise from last year, thanks to cheaper credit from the central bank, which has helped blunt the high costs of fertiliser and diesel, the maize growers association said.