2016 Hajj: CBN Authorises Banks To Sell Dollars To Pilgrims At N197


The Central Bank of Nigeria (CBN) has 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.

This was contained in a circular released on Thursday, by the apex bank marked, TED/FEMFPC/GEN/01/005. According to the circular, each pilgrim is entitled to purchase a minimum of $750.00 and maximum of US$1,000.00 as PTA.

Also  See: Naira Drops Drastically to N390 Per Dollar in Lagos Parallel Market

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. A part of the circular read:

“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….” 

CBN Order

Flights  to convey the 2016 Hajj pilgrims from Nigeria to Saudi Arabia will leave Sokoto Airport Monday, August 8.

Six airlines operators have been approved by the Federal Government to transport intending pilgrims for the exercise. But only three airlines has reportedly been cleared by the General Authority of Civil Aviation of Saudi Arabia.

The Head of Aviation of National Hajj Commission of Nigeria, NAHCON, Alhaji Mohammadu Goni, said the airlines approved by the Saudi authorities are: Med-View Airlines Ltd.; Max Air Ltd. and Saudi Arabian designated carrier, Fly-Nas Air.

Also See: CBN’s Warning Against Money Transfer To & From Nigeria

2016 Hajj pilgrims will leave Sokoto Airport Monday, August 8

Maximum fare is  fixed at N1, 080,400.00 for male and N1, 083,400:00 for females. While the minimum fare stood at N1,031,100.00 and N1,034,100.00 for both  male and female intending pilgrims respectively.

Each pilgrim Basic Travelling Allowance, is fixed at $750, while the maximum is $1,000.