Air Peace urged passengers whose flights are affected to reschedule before 22nd August, 9th October or request a refund.
Air Peace will no longer fly to South Africa.
The airline said flight to Johannesburg, South Africa will stop effective from 22nd August 2022.
The Airline, in a statement, cited the increasing cost of aviation fuel, worsening forex scarcity and the delay in the issuance of visas to intending passengers.
It also urged passengers whose flights are affected to reschedule before 22nd August, 9th October or request a refund.
Air Peace also expressed optimism that the issues which had caused the suspension would be addressed before October.
The statement read: “We hereby inform the flying public that effective from August 22, 2022, our Johannesburg flight operations will be suspended till October 8, 2022.
“This development is regretted but has become inevitable due to the delayed issuance of South African visas to travellers, worsening forex crunch and the increasing cost of aviation fuel as well as its scarcity.
“However, having informed the South African High Commission in Lagos of the effects of the difficulty in getting SA visas by Nigerians, which consequence is the abysmally low passenger loads on our flights to and from Johannesburg, we believe that the situation will have improved within the next 60 days. Hence, our willingness to resume operations on the October 8, 2022.
“Passengers whose flights are affected have the option of rescheduling to fly before August 22, 2022 or from October 9, 2022. Passengers can also request a refund.
“We apologise for the inconveniences caused and will keep the public updated while we hope the situation improves.”