Home / Aviation News / NCAA warns foreign airlines to desist from ticket sales in dollars

NCAA warns foreign airlines to desist from ticket sales in dollars

The Nigeria Civil Aviation Authority (NCAA) has warned foreign airlines operating in the country that forthwith it is a flagrant contravention of Central Bank of Nigeria’s (CBN) prerequisite guiding cost of products or services in Nigeria to sell flight tickets in dollars.

According to a release issued by the regulatory body, the Central Bank of Nigeria (CBN) had issued a circular on 17th April, 2015, directing 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 in its statement said it 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. This act is considered insensitive to passengers who have elected on their own volition to choose the airlines for their travel.

This is also contrary to 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.

However, the Federal Government of Nigeria has taken measures to ameliorate the subsisting foreign exchange issues.

About NigerianFlightDeck

mm
Nigerianflightdeck is an online news and magazine platform reporting business stories with a bias for aviation and travel. It is borne out of the intention to inform, educate as well as alter perceptions with balanced reportage.

Check Also

ACI advises African airports on innovation, inks agreement to review 17 airports

WITH the implementation of the Single African Air Transport Market (SAATM), the Airports Council International …

Ghana unveils development plans, to construct new feeder airports, develop ATO, MROs

PRESIDENT of Ghana, Nana Akufo-Addo has unveiled plans to open up the nation further by …

Aviation Ministry puts in N10bn request for Enugu Airport Runway resuscitation, other safety concerns

MINISTER of Aviation, Hadi Sirika, on Thursday told the House of Representatives Committee on Aviation …

NAMA boosts upper airways communication in N/East corridor to eliminate blind spots

NIGERIAN Airspace Management Agency (NAMA) has completed the installation of a Very Small Aperture Terminal …

Sirika charges 40th ICAO Assembly to support Africa on SAATM

NIGERIA’S Minister of Aviation, Hadi Sirika has called on the International Civil Aviation Organization (ICAO) …

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: