Nigerians will not buy airline tickets in foreign currency anymore – This is why

Airlines operating in Nigeria have been warned by the Nigerian Civil Aviation Authority (NCAA) to desist from selling flight tickets in foreign currencies with immediate effect.

The NCAA had apparently got wind of some of the practices of some airlines that reject naira only to accept foreign currencies in payment for their tickets.

In a statement released by its Acting General Manager, Public Relations, Sam Adurogboye, the NCAA said this particular practice by the airlines is in contravention to the decreed guidelines of the Central Bank of Nigeria (CBN) on the cost of products or services in Nigeria.

The statement said, “The CBN, via a circular issued on April 17,2015, has directed that “pricing of any product shall continue to be in naira only and it is illegal to price or denominate the cost of any product or service (visible or invisible) in any foreign currency.”

“The NCAA is disturbed by reports that some foreign airlines are declining to accept Nigeria’s local currency – the naira — as payment for tickets.”

“In other words, some foreign airlines have blatantly resorted to selling tickets only in foreign currency,” it said.

The statement further revealed that such acts also contravened the provisions of the Bilateral Air Services Agreement (BASA) between Nigeria and other countries as contained in Article 8 (4).

“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.

Comments (2)

  1. so what happens if d foreign airlines saw a decline in their margin and decide to close shop on us? We got Arik right? #silly

  2. we make pronouncements without thinking through it because we always play to the gallery.

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