CBN Authorizes Banks To Sell Dollars To Pilgrims At N197
Category: Business News
The Central Bank of Nigeria, CBN, yesterday directed banks and authorized forex dealers to sell the Pilgrims Traveling Allowance, PTA,
to intending pilgrims at a concessionary exchange rate of N197 to $1.
In a circular 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 sale 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….”
Related Posts via Categories:
- Naira Depreciates at N380 To a Dollar
- Skye Bank Customers funds are safe and Bank is Healthy and Strong- CBN
- Photos: Panicking Customers of Skye Bank Besiege Branches to Withdraw Their Money
- Nigerian Men Book More Hotels Than Women — Hotels.ng Report
- Naira Depreciates: N281.5 to a Dollar
- CBN to Sack Bank CEOs, Chairmen Over Late Publication of Accounts
- Mobile Drought-Insurance Schemes Spread Across Africa
- Skye Bank Sacks 200 Staff
- Ecobank Sacks 1,040, Diamond Bank 200, FBN 1000 Workers
- Comrade Itodje Bags Africa Icon Most Supportive Blogger of the Year Award
Send stories for publishing to admin@ackcity.net
Be Our Fan On Facebook
Follow Us @ACKCITY On Twitter
BB: 568235DD
Channel Pin: C00352CD2,
WhatsApp: (234) 08105649346
Call: (234) 08105649346, 08121807240, 09081122570
E-mail: admin@ackcity.net
No comments