How foreign airlines crashed airfares after CBN clears FX backlogs

  • Foreign airlines operating in Nigeria have unlocked their low-priced ticket sales on Nigerian routes
  • Findings show that KLM, Qatar Airways, Lufthansa and other foreign airlines have crashed their fares on popular routes
  • The development comes as Air Peace successfully completed its maiden flights to London Gatwick airport

Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

Foreign airlines in Nigeria have started to unblock their low-priced tickets on Nigerian routes following the completion of the payment of about $7 billion backlog by the Central Bank of Nigeria(CBN), including the $700 million reportedly belonging to foreign airlines.