Regulatory Alerts2015-10-07 | TED/FEM/FPC/GEN/01/019Year 2015 Christian Pilgrimage: Purchase of Pilgrims Travelling Allowance
The Central Bank of Nigeria has notified authorized dealers and the general public of the arrangements for the 2015 Christian pilgrimage to Israel, Rome, or Greece. Pilgrims are entitled to purchase a maximum of US$1,000 at a concessionary exchange rate of N160.00 to the US Dollar as Personal Travel Allowance. The requirements for air tickets and visas for procuring the allowance have been waived, but banks must retain endorsed copies of pilgrims' passports for record-keeping.
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