Aviation Minister Stella Oduah, who made this known in a statement Monday, said the airlines would be banned from flying to other West African nations if they did not oblige to the directive.
But Britain has reacted to the directive by saying it could take retaliatory action against Nigerian airlines if the ban was imposed.
According to Ms Oduah, it was unfair that BA and Virgin Atlantic charged more to fly to Nigeria than to other West African countries.
Nigeria's civil aviation authority last year fined the two airlines an amount of $235 million collectively for price fixing, but both airline operators denied the accusation.
The aviation minister noted that Nigeria was seriously concerned and worried by the reluctance of the airlines to restore parity within the region.
She said the airlines had been employing all manner of delay tactics, which were unacceptable and intolerable.
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