Regulatory Alerts2015-12-01 | TED.FEM.FPC.GEN.01.034Year 2010 Christian Pilgrimage Purchase of Pilgrims Travelling allowance
The Central Bank of Nigeria has announced the commencement of the 2010 pilgrimage to Israel, allowing intending pilgrims to purchase a maximum US$1,000 Personal Travel Allowance (PTA) at a concessionary rate. Purchasable from authorized banks like Zenith Bank, Fidelity Bank, Diamond Bank, and more, these PTAs must be acquired in the form of Traveller's Cheques or foreign currency denominated in USD or Euros. This initiative is part of the country's ongoing efforts to facilitate travel for pilgrims while managing forex risks.
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