High airfares occasioned by depreciating naira, closed lower inventories due to revenues of foreign airlines trapped in Nigeria, brought flight ticket sales down by 40 per cent in the fourth quarter of 2023. This was disclosed by the National Association of Nigeria Travel Agencies (NANTA), which compared ticket sales at the period with the same period […]
Despite the recent payment of $61 million (N66 billion) to foreign airlines by the federal government as part of their revenue trapped in Nigeria, international carriers still charge Nigerians outrageous fares for international travels, THISDAY can report. Before the federal government paid the $61 million, trapped funds in Nigeria had risen to about $800 million. […]
The National Association of Nigeria Travel Agencies (NANTA) in collaboration with the Tour Operators Union of Ghana (TOUGHA) has concluded plans to organize the maiden edition of the African Tourism Conference to be held in South Africa in May, 2023. The Association also announced that it would also hold its 47th Annual General Meeting […]
The President and council members of National Association of Nigeria Travel Agencies ( nanta) is deeply concerned about the impression the trapped funds of foreign Airlines operating in the country portrays Nigeria. NANTA as a strategic concerned partner in the downstream aviation sector have over the years appealed to the government through the central […]
With COVID-19, a major threat to air travel and economic growth, Nigeria may spend over $1.5 billion on international travel in 2022, THISDAY investigations has revealed. In 2021, Nigeria spent about $1 billion on international travel despite and COVID-19 pandemic, which had negative impact on the global economy. But 2022 half-year results from travel agencies […]
