Nigeria to meet foreign airlines over rejection of naira

The Nigerian Civil Aviation Authority (NCAA) says it will soon convene a meeting with foreign airline operators over their alleged rejection of naira payment for flight tickets. A spokesman confirmed that the NCAA had received complaints from some passengers, adding that they had the right to make payments in naira. He, however, noted that the industry was facing some challenges, particularly the scarcity of foreign exchange and inability of foreign airlines to repatriate their funds. “The truth is that the airlines are beginning to reject the naira because of the special circumstances that they have found themselves. In the BASA agreement, when you sell your tickets, you should be able to repatriate your money; but presently, the airlines are finding it hard to take their money home." <br/>