FG to sanction foreign airlines not selling air tickets in Naira

The Minister of Aviation, Hadi Sirika has said that the Federal Government will sanction foreign airlines that refuse to sell air tickets in Naira, Nigeria’s local currency.  

He revealed that intelligence reports have shown that some airlines now charge for tickets in dollars, an act that violates Nigeria’s laws.  

The minister noted that violators will be sanctioned as the government will not allow the sales of tickets in foreign currency.  
He noted that the Nigerian Civil Aviation Authority (NCAA) has been directed to sanction airlines that flout Nigerian laws.

Source: FG to sanction foreign airlines not selling air tickets in Naira – StocksWatch (stocksng.com)

Your Comment:

Related Posts

30

Sep
Business & Economy

Capital Hotels sells 51% of its shares to 22 Hospitality Ltd

Capital Hotels Plc has notified its Shareholders and other Stakeholders that 22 Hospitality Ltd has successfully acquired 1,611,995,510 Ordinary Shares of 50 kobo each representing 51% of the equity share capital of the Company through Private Placement. All the required regulatory approvals have been received for the transaction. In addition, 22 Hospitality Limited also bought 456,641,337, and […]

Business & Economy

Union Bank partners Wacot Rice Limited to empower local farmers

In a bid to aid the financial inclusion drive of farmers in Kebbi State, Union Bank has entered into partnership with Wacot Rice Limited, a rice processing company. According to the bank the partnership is aimed to financially include 6,000 local farmers. This will include the youths and women in Kebbi State.  “The Kebbi Financial Inclusion Drive[…]