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Comment on CBN Sells Dollar To Pilgrims at N197 by Bolanle Green
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Comments for BizWatchNigeria.Ng
The Central Bank of Nigeria , CBN, will sell dollar at a concessionary exchange rate of N197 to dollar to intending Pilgrims for the 2016 Hajj. He explained that the CBN 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. “Each designated bank is required to sell to the CBN the unutilised funds not later than two weeks from the date of the last inward flight to Nigeria from Jedda, while the accounts of the banks shall be credited promptly.