Sunday, 3 July 2016

Nigeria CAA Cautions Foreign Airlines on Tickets sales in Dollars


The regulatory body in charge of aviation in Nigeria, the Nigerian Civil Aviation Authority has cautioned foreign airlines collecting dollars from travellers purchasing tickets .  According to a statement from the agency, “All Airlines selling flight tickets in dollars should desist forthwith as it is a flagrant contravention of Central Bank of Nigeria’s (CBN) prerequisite guiding cost of products or services in Nigeria.”
NCAA quotes the Central Bank of Nigeria’s circular issued on 17th April, 2015, which directs 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.”
 NCAA is disturbed by reports that some foreign airlines are declining to accept Nigeria’s local currency – the Naira as payment for tickets. “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.”

The NCAA confirmed that the, “Federal Government of Nigeria has taken measures to ameliorate the subsisting foreign exchange issues.”

No comments: