Business Nigeria Orders Airlines to Stop Selling Tickets in Foreign Currencies



The Nigerian Civil Aviation Authority (NCAA) has warned all airlines to stop selling flight tickets in foreign currencies.

In a statement issued by its Acting General Manager, Public Relations, Mr Sam Adurogboye, NCAA said the act contravened the Central Bank of Nigeria (CBN) guidelines on the cost of products or services in Nigeria.

“The NCAA is disturbed by reports that some foreign airlines are declining to accept Nigeria’s local currency – the naira — as payment for tickets," he said. “In other words, some foreign airlines have blatantly resorted to selling tickets only in foreign currency,” it said.

“As a consequence of this action, the regulatory authority has written warning letters to such erring airlines to immediately comply with the provisions of BASA and CBN directive.

“Sales of tickets and services should henceforth be offered to air travellers in naira without further delay,” it said.

The statement added that the Federal Government had taken measures to ameliorate the subsisting foreign exchange issues.


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