APG IET rescinds earlier decision on dollar transactions

Following an earlier notice indicating that effect from April 19, 2022, some foreign airlines’ electronics would start accepting issuing of tickets in United States dollars and no more in Naira, the APG Interline Electronic Ticketing Agreements (IET) has recalled and cancelled the notice it made to its trade partners to issue air tickets in the United States Dollars (USD).

The earlier notice to commence issuing tickets in dollars which according to information gathered had sparked reactions across the sector may have forced APG to rescind the decision to sell tickets in Nigeria in dollars.

In a fresh notice issued to its trade partners, Thursday, at 11:22 am, APG declared: “This serves to recall and cancel the notice we sent out yesterday, the 13th April 2022. Kindly disregard the said notice. Sales will be continued in the Nigerian Naira. We regret any confusion the earlier notice may have caused.”

In the first notice issued by APG, the group had declared that with effect from April 19, 2022, airlines on APG Interline Electronic Ticketing Agreements (IET) would start accepting issuing of tickets in United States Dollars and not Naira.

The group attributed its decision to the difficulty many foreign carriers were facing in repatriating their funds running to N117.6 billion trapped in Nigeria and other countries coupled with scarcity and unstable forex.

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