No Airline Sells Foreign Currency Tickets – NCAA

Nigerian Civil Aviation Authority, NCAA

The Federal Government has branded as false claims that foreign airlines sell their foreign currency tickets in Nigeria due to their revenue being trapped by the Central Bank of Nigeria (CBN).

Recall that there were reports in some segments of the media that some foreign carriers like Turkish Airline, Lufthansa and Delta were selling tickets only in foreign currencies.

The move, according to reports, was aimed at escaping Nigeria’s forex liquidity crunch, coupled with an upward revision of fees by local authorities.

But, speaking to reporters, the Chief Executive of the Nigerian Civil Aviation Authority (NCAA), Captain Musa Nuhu, said none of the foreign carriers had notified the relevant agencies of any change in the terms. ticket office.

Nigerian currency (naira) remains the legal tender for transactions in the aviation sector, Nuhu said, saying regulations require operating airlines to notify the NCAA in the event of significant changes, but none have approached the regulator. supreme on the dollarization of airline tickets.

“In fact, on one of the airlines that social media say sells in dollars, I bought his ticket today in naira for the ICAO event to be held next month. I bought the ticket in advance so I could get a lower price, so we are not aware of dollarization where airlines demanded dollars for the purchase of tickets,” Nuhu said.

He added that the NCAA has also not reviewed the mandatory charges imposed on airlines over the past 10 years. He said that although the bottom rates are outdated, they were not indifferent to the current difficult economic environment to increase the charges.

“Certainly we will have to sit down at a round table to consider the charges, but not now, if at all, we will have to review the charges with stakeholders,” Nuhu said.

His FAAN counterpart Captain Rabiu Yadudu opined that the fees collected by the Authority are statutory and therefore cannot be increased without the knowledge of its esteemed passengers and other airport users.

“While the cost of aviation fuel has reached astronomical levels and has hurt airline operators around the world, culminating in increased ticket prices, we would like to reiterate that FAAN has not increased its costs.

“We are aware of the challenges faced by our valued passengers and other airport users due to increased airfares. Hence the need not to increase the charges. However, the federal government and aviation sector agencies have stepped up their efforts to ensure that the challenges they face are addressed,” Yadudu said.

Book on the dynamics of mediation, negotiation and arbitration in a globalized world [Order Your Copy]

Price: ₦15,000 or £20 per copy [Hard Back– 21 chaps/700 pages]: Contact: [email protected], [email protected] WhatsApp only: 0803-703-5989: Voice call Mobile: 0817-630-8030, 0909-965-1401; 0705-767-0347; 0912-173-4691: Phone : 09-2913581; 09-2913499

[Now On Sale] Book on “International Arbitration and ADR and the Rule of Law”

Price: ₦15,000 or £20 per copy [Hard Back– 20 chaps/715 pages] Contact information E-mail: [email protected], [email protected] whatsapp only: 0803-703-5989 Voice call – Mobile: 0817-630-8030,+234-805-2128-456, +234-909-9651-401 Phone : 09-2913581, +234-9-2913499, +234-9-2919209 office address: 50 Julius Nyerere crescent, [Next To The World Bank]Asokoro, Abuja – Nigeria. Bank account details; Bank name: UBA Plc. ; Account name: International Institute for Dispute Resolution; Account number: 1014072579