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flag Nigeria introduces new insurance rules for leased aircraft to lower airfares and modernize local fleets.

flag Nigeria's National Insurance Commission and Ministry of Aviation have introduced new insurance rules for leased aircraft to help lower airfares and improve access to modern planes for local operators. flag The changes allow local airlines to cede up to 90% of their aviation insurance to international markets while still meeting domestic regulations. flag This move aims to boost the aviation sector's efficiency and contribution to the economy.

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