Monday , September 25 2023
Home / Business / FG Didn’t Subsidize FX For Pilgrims – Emefiele

FG Didn’t Subsidize FX For Pilgrims – Emefiele

Godwin-Emefiele-CBN-GovernorThe Central Bank of Nigeria, Godwin Emefiele says the Federal government didn’t give foreign exchange subsidy for 2016 pilgrims.
Emefiele addressing the press on Tuesday in Abuja said the agreement between the CBN and the pilgrim to sell dollar at 197 naira was reached long ago before the latest adjustments.

“Each pilgrim is entitled to purchase a minimum of $750 and maximum of $1,000 as PTA.

“The Federal Government has approved that intending pilgrims are to be sold the PTA at a concessionary exchange rate of 197 Naira to the US dollar.

“No commission shall be charged by the banks for the sale of the PTA to the intending pilgrims,” the statement read.



Check Also

Yahaya Bello sacks aide

  Governor Yahaya Bello of Kogi State on Monday announced the sacking of his Special …

A response to Falola’s ‘Obasanjo, Obadide and Obajoko’

  By Yinka Agbetuyi   Toyin Falola’s “Obasanjo, Obadide and Obajoko” is a timely article …

Social Media Auto Publish Powered By :