Archive 2016 Hajj: CBN to Sell Dollars to Pilgrims for...

2016 Hajj: CBN to Sell Dollars to Pilgrims for 197

-

- Advertisment -

The Central Bank of Nigeria, CBN, on Thursday, directed banks and authorised Forex dealers to sell the Pilgrims Travelling Allowance, PTA, to intending pilgrims at a concessionary exchange rate of N197 to $1.

In a circular on Thursday, marked, TED/FEMFPC/GEN/01/005, the CBN said: “Each pilgrim is entitled to purchase a minimum of $750.00 and maximum of US$1,000.00 as PTA. The Federal Government has approved that intending pilgrims are to be sold the PTA at a concessionary exchange rate of N197.00 to the US dollar.
“No commission shall be charged by the banks for the sale of the PTA to the intending pilgrims. The Central Bank of Nigeria shall sell the PTA to the designated banks in Lagos and Abuja and the accounts of the respective banks shall be debited as soon as the funds are disbursed….”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Let’s Record Zero Crime During Your Stay – Yahaya Bello Tasks New Army Commandant

Kogi State Governor, His Excellency Yahaya Bello has charged the new Commandant of the Nigerian Army Records, Chari Megumeri...

Our Security Template Focuses On Communal Collaboration, Honesty, Synergy – Gov. Bello

….says he doesn’t visit Abuja for solution to security challenges Kogi State Governor, Yahaya Bello has revealed that the successes...

2021 World Education Day: ActionAid Nigeria Calls For Increase Allocation To Education From 15% – 20%

As the World marks the 2021 International Education Day, a Non-Governmental Organization, (NGO), ActionAid Nigeria, has called for an...

COVID-19: Bill Gates backs Yahaya Bello’s position on need to invest in healthcare

Mayowa Adeniran|  The recent position of one of the world's richest, Bill Gates, has corroborated the agitations of Kogi State...

JONAPWD-LAGOS Commends Sanwo-Olu For Restoring Disability Empowerment Fund

Kenneth Afor |  The Joint National Association of Persons Living With Dissabilities (JONAPWD ) in Lagos state has commanded Babajide...

Groups Call On Judicial Panels Of Inquiry To Dispense Justice On Victims, Survivors Of Police Brutality

Kenneth Afor | The Network on Police Reform in Nigeria (NOPRIN) and Centre for Law Enforcement Education (CLEEN Foundation) has...

Must read

Let’s Record Zero Crime During Your Stay – Yahaya Bello Tasks New Army Commandant

Kogi State Governor, His Excellency Yahaya Bello has charged...

Our Security Template Focuses On Communal Collaboration, Honesty, Synergy – Gov. Bello

….says he doesn’t visit Abuja for solution to security...
- Advertisement -

You might also likeRELATED
Recommended to you

%d bloggers like this: