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Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by Jirate(m): 4:39pm On Apr 28, 2016

Written by:
Shola Adekola - Lagos
Despite the news making the rounds that some foreign carriers had concluded plans to pull out of Nigeria based on the Central Bank of Nigeria (CBN) forex policy which has prevented the mega carriers from repatriating over $600 million being the revenue they generated in Nigeria into their various home countries, Virgin Atlantic Airways has insisted it has no such plans.
The plans by some of the foreign airlines to suspend their services to Nigeria came after the Spanish carrier, Iberia Airlines announced last week to stop operations into the country from next month.
Speaking for the British flag carrier, the Marketing and Communications Manager, Virgin Atlantic Airways, Mrs Kudirat Scott-Igbene had through a text message maintained that the airline would not close shop in the country.
She further explained that Nigeria remained a very important market to the airline, having operated flights in the country for close to 15 years.
Scott-Igbene assured that the airline would remain in Nigeria and would continue to provide excellent services to its passengers.
“We have no plans to withdraw from Nigeria, which remains an important market for Virgin Atlantic.
We are proud to have flown between Lagos and London for almost 15 years and will continue to provide our unique service to our Nigerian customers.”
Before Iberia announced its pulling out of the country, international airlines operating into Nigeria had been complaining about the Forex policy introduced by the Apex bank, which according to the airlines was affecting their operations.
As a result of the development, the foreign airlines in the country met with officials of the House Committee on Federal Inland Revenue Service (FIRS) last week to find a way of addressing the issue to prevent strangulation.
Virgin Atlantic operates seven frequencies into Nigeria weekly.
Iberia was said to have pulled out following the refusal of the CBN to exempt foreign carriers from its Forex policy, which has prevented foreign airlines from repatriating monies made from tickets sales to their home country.
Source: http://www.tribuneonlineng.com/virgin-atlantic-will-not-pull-out-of-nigeria

1 Like

Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by Jirate(m): 4:42pm On Apr 28, 2016
Honestly, this is Good News, its shows that we still have some friends out there who are ready to stick with us through Thick or Thin. On the other hand, on a Lighter note………..
How would You Pull Out when you have not Climaxed? wink wink wink

23 Likes

Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by kessgreen(m): 4:52pm On Apr 28, 2016
Jirate:
Honestly, this is Good News, its shows that we still have some friends out there who are ready to stick with us through Thick or Thin. On the other hand, on a Lighter note………..
How would You Pull Out when you have not Climaxed? wink wink wink
ah! Baba ur head dey there ni

8 Likes 1 Share

Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by dammytosh: 6:32am On Apr 29, 2016
Wailers and PDP Youths (iPOB) will be sad about this.

8 Likes 1 Share

Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by macaranta(m): 6:33am On Apr 29, 2016
Simple,they'll just load the money in their airplane and fly it back home.

3 Likes

Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by WebSurfer(m): 6:34am On Apr 29, 2016
Who cares...

Well, they wont be missed
Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by lonelydora: 6:35am On Apr 29, 2016
Good one. Thanks Richard Brandson.

1 Like

Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by ednut1(m): 6:35am On Apr 29, 2016
macaranta:
Simple,they'll just load the money in their airplane and fly it back home.
think before u type na. they would load naira and fly it back to uk, france or Germany abi. who naira fit epp in those countries na

5 Likes

Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by jmichlins(m): 6:36am On Apr 29, 2016
Let the whole economic pests leave now cause our economy want to restructure herself. Those golddiggers should leave before oil price will peak

3 Likes

Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by Nobody: 6:41am On Apr 29, 2016
Ok o
Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by wiringdpt(m): 6:42am On Apr 29, 2016
Good

1 Like

Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by macaranta(m): 6:42am On Apr 29, 2016
ednut1:
think before u type na. they would load naira and fly it back to uk, france or Germany abi. who naira fit epp in those countries na

You are not aware of their new strategy?to charge air fares in their foreign currencies ??

E go shock you soon,don't worry.

6 Likes

Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by olufrankfurt: 6:46am On Apr 29, 2016
Iberia Airline is the worst Airline in the World. I flew it from Frankfurt to Nigeria two years ago and deceided never to repeat it again.
No value for my hard earning money, evethough i upgraded to Business class on my way back to Frankfurt. Let them go and try that services with Spanisch citizen.

3 Likes

Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by Metox: 6:48am On Apr 29, 2016
Nice one
Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by Sexytemi(f): 6:48am On Apr 29, 2016
That's nice, they are like the Yoruba proverbial bird "pigeon"...(eyele a ba oni le je, a ba mu, ti o ba da jo ku, kon ni ye rii e)...
Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by babs01(m): 6:50am On Apr 29, 2016
Please I wan pull out of Nigeria too

3 Likes

Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by myners007: 6:51am On Apr 29, 2016
Its quite stupid to pull out of market that is lucrative

1 Like

Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by grandstar(m): 6:53am On Apr 29, 2016
Though Buhari's economic policies are ruinous, they will loose market share if they pull out

T

1 Like

Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by Miranda11: 6:59am On Apr 29, 2016
THEY SHOULD BRING DOWN THEIR AIRFARES OOH VIRGIN ARE CHARGING $1661 PER WAY TRIP TO LONDON A RETURN IS $ 3322 AND BA IS OVER $4000 FOR RTN HABA !!!!!!!!!!!!!!!!

2 Likes 1 Share

Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by carpenter(m): 7:00am On Apr 29, 2016
Even the Iberia pull-out has been twisted so much. Iberia and British Airways are owned by the same parent company "International Airlines Group" which was formed as a result of a merger. It only makes sense to consolidate efforts even though that may just be one of the benefits. If I were a shareholder, I would be asking why we have two companies running the same business except routes are entirely different but even that can be consolidated.

Nigeria remains very profitable for sound business managers.

4 Likes

Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by Nobody: 7:03am On Apr 29, 2016
Iberia no dey make much profits.. that's why they pulled out... But Turkish Airlines can cover the route between Lagos and Spain... Arik can take advantage too.

[to Buhari] : Dear Sir,
We need a national carrier,
Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by yomalex(m): 7:08am On Apr 29, 2016
Good for them
Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by delerx(m): 7:09am On Apr 29, 2016
Jirate:
Honestly, this is Good News, its shows that we still have some friends out there who are ready to stick with us through Thick or Thin. On the other hand, on a Lighter note………..
How would You Pull Out when you have not Climaxed? wink wink wink
it's possble bro, the shit could b smelling

2 Likes

Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by Hillzy(m): 7:13am On Apr 29, 2016
T
Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by lonngmann(m): 7:13am On Apr 29, 2016
Strange combination of words

Putting Virgin and will not pull out in the same sentence

Strange isn't it? embarassed

2 Likes

Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by babyfaceafrica: 7:13am On Apr 29, 2016
delerx:
it's possble bro, the shit could b smelling
like someone that reported a boy to CP
Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by kobonaire(m): 7:15am On Apr 29, 2016
olufrankfurt:
Iberia Airline is the worst Airline in the World. I flew it from Frankfurt to Nigeria two years ago and deceided never to repeat it again.
No value for my hard earning money, evethough i upgraded to Business class on my way back to Frankfurt. Let them go and try that services with Spanisch citizen.
why would Iberia, a Spanish airline, fly directly from Germany to Nigeria??

3 Likes

Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by Ohamzee: 7:16am On Apr 29, 2016
dammytosh:
Wailers and PDP Youths (iPOB) will be sad about this.
I am not sad mr anus. Only anuses sound this way. Their words always stink.
Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by muhammed10: 7:18am On Apr 29, 2016
Is OK!
Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by Autchman11(m): 7:18am On Apr 29, 2016
As at when they were having free ride with forex, dollar exchange was at 165/$, but when it becomes restricted, it went up to 323/$.
Does it mean this move is actually crippling our economy whilst we are unaware?
Trying to make this economy a mono type is not ripe for us at this stage. My position.

1 Like

Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by yinkslinks(m): 7:19am On Apr 29, 2016
load naira and do what with it in america? grin grin grin grin grin
macaranta:
Simple,they'll just load the money in their airplane and fly it back home.

1 Like 1 Share

Re: Forex Policy:Virgin Atlantic Will Not Pull Out Of Nigeria by shamecurls(m): 7:20am On Apr 29, 2016
Bad Friday for children of hate

1 Like

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