Tag: Air fares

FCCPC probes airlines over festive air fares” hike

Aminu Imam
Air Peace commences

The Federal Competition and Consumer Protection Commission, (FCCPC), says it has commenced an expanded investigation into pricing templates behind high ticket rates charge by some airlines on some domestic routes. According to a statement issued by Ondaje Ijagwu, the Director, Corporate Affairs of the Commission (CAC) in Abuja, the investigation was to establish possible violations of the provisions of the law. Ijagwu said that concerns had been expressed widely in the past few days over what appeared to be coordinated manipulation or exploitation in the pricing of airline tickets by…

Read More

₦11,000 flight charge no longer feasible, says NAMA DG

Aminu Imam
NAMA DG

The Director-General of the Nigerian Airspace Management Agency, (NAMA), Umar Farouk, has said that the ₦11,000 charged by airline operators in the country per flight is no longer feasible given the current economic realities. Farouk stated this in Abuja yesterday while addressing stakeholders at a summit organised for the House of Representatives Committee on Aviation. The summit dwelled on the theme: “Emerging trends in global aviation: sustainability, technology and digital transformation”. While noting that the charge had been in force since 2008, Farouk said, “In 2008, NAMA was collecting ₦11,000,…

Read More

Tinubu’s policy, poor economy to blame for skyrocketing air fares – Report

Aminu Imam
SBM Intelligence report

A recent report by SBM Intelligence, titled: “Moving out of Reach”, has revealed that the devaluation of the naira is the primary driver behind the surge in airfare costs in Nigeria. The report highlights that transportation costs have skyrocketed in the country, making travel increasingly unaffordable for many citizens. According to the report, as of 2017, Nigerias exchange rate stood at N395.42, however the exchange rate jumped to N1518 in 2024. According to the report, air travel costs have decreased in dollar terms, from $82.82 in 2017 to $82.14 in…

Read More

Foreign Flights: Passengers dump Nigeria airports for Benin, Ghana over high ticket fare

Aminu Imam

International air passengers are dumping Nigerian airports for Cotonou, Benin Republic, and Ghana airports to connect international flights, due to the exorbitant airfare by foreign airlines operating in Nigeria. Speaking to newsmen on Friday, during a press conference over the unjustifiable profiteering by foreign carriers, the president, National Association of Nigeria Travel Agents (NANTA), Susan Akporiaye, said Nigerians are travelling across the borders in droves in order to connect cheaper flights to their destinations. According to her, the lower inventories that are shut against Nigerians are opened in other neighbouring…

Read More

Flight tickets from Lagos to Abuja surge to N100, 000 upwards

Aminu Imam

Nigeria airlines have increased fares for domestic flights from Lagos to Abuja ranging from N100, 000 to N130, 000 over the rising cost of aviation fuel and foreign exchange crisis. It was gathered that Air Peace economy ticket for Sunday at 10:40 a.m. and 7:50 p.m. was priced at N100, 000, while seats on Max Air flights scheduled for 8:30 a.m. and 9:10 a.m. were priced at N125, 000 and N130, 000, respectively. Also, prices for economy tickets in Arik ranged between N80,595 and N93,452, with Ibom Airs only available…

Read More