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Reading: Overseas travel costs set to soar as travel agencies get directives to devalue the Naira
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Breaking News Nigeria, Latest Nigerian News > News > Business > Overseas travel costs set to soar as travel agencies get directives to devalue the Naira
BusinessNews

Overseas travel costs set to soar as travel agencies get directives to devalue the Naira

Kehinde Sallah
Kehinde Sallah July 13, 2021
Updated 2021/07/13 at 6:05 PM
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Travel agencies set to increase international travel ticket prices in Nigeria

Travel agencies are set to increase International travel ticket prices in Nigeria following a directive to adjust exchange rates from N420.86 to N460 effectively.

Nigeria’s official exchange rate at the Investors and Exporters window is currently N410/$1.

READ ALSO: Lagos-Ibadan Rail: 4 reasons FG must listen to Sen. Akanbi’s recommendations

According to Nairametrics travel agencies in an email communication were advised that exchange rates will be “going from N420.86 to N460 per dollar on GDS” starting today, Tuesday, July 13th 2021. They were also advised to “issue all pending tickets” using the new rates.

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The GDS is an acronym for Global Distribution System and is the platform used by the travel industry for issuing tickets.

TAGGED: Internal travel ticket, nigeria today, nigeria today news, Travel agencies
Kehinde Sallah July 13, 2021
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