Some foreign airlines operating in Nigeria on Saturday announced plans to begin the sales of tickets in US dollars, New Telegraph reports. Industry insiders claim that the airlines have promised to sell dollar tickets in order to clear the backlog of monies they have stashed in Nigeria. According to sources, the plan was accepted by…
LAGOS APRIL 27TH (NEWSRANGERS)-For the third time in less than a month, the rate of exchange (RoE) applicable to foreign airlines has ballooned, hitting N582/$1 with attendant spike in the cost of international air travel. At the new RoE, registered by the Global Distribution System (GDS), a six-hour Lagos-London economy class ticket now fluctuates between…
LAGOS MAY 18TH (NEWSRANGERS)-Some foreign airlines are allegedly planning to resume flights to Lagos, Abuja and Port Harcourt airports despite the ban on international commercial flights by the Federal Government in a bid to halt COVID-19 spread. Although some of the airlines said their plans could change, it was learnt on Saturday that some of…