Foreign carriers

‘CBN’s lack of monitoring emboldens foreign carriers to sell tickets in dollars’

Posted on by Wole Shadare
‘CBN’s lack of monitoring emboldens foreign carriers to sell tickets in dollars’

Nigerians divided over dollar tickets as Naira stabilises Cross-border trading, crime against economy-NANTA President   Foreign airlines have returned to their old ways as passengers are groaning over the insistence by some airlines to charge ticket fees in dollars rather than in the local currency, the naira. It is the long-standing policy of the Central Bank of Nigeria (CBN) that the naira is the legal tender in Nigeria, making it illegal to refuse it for…

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Minister: Why Nigerian airlines can’t compete with big int’l carriers

Posted on by Wole Shadare
Minister: Why Nigerian airlines can’t compete with big int’l carriers

How aeropolitics, intrigues denied Air Peace Heathrow slot   The Minister of Aviation and Aerospace Development, Festus Keyamo has said that Nigerian airline operators are disadvantaged and would find it extremely difficult to compete with their foreign counterparts because lack of access to finance and the high interest rate charged by banks on loans. The lack of credit facilities for the carriers has made it extremely tough for the airlines to buy aircraft outright or…

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