Regulatory Alerts2013-10-24 | TED/FEM/FPC/GEN/01/012Re: Year 2013 Christian Pilgimage - Purchase of Pilgrims Travelling Allowance
The Central Bank of Nigeria's Trade and Exchange Department has released an updated list for the purchase of Pilgrims Travelling Allowance in 2013. This announcement comes after their previous circular on October 14, 2013. The new list includes specific allocations per state to various banks. These allocations are detailed by the states (Nasarawa, Kogi, Delta, Niger, Gombe, Lagos, and Taraba), along with the respective numbers of allowances allocated for Israel, Greece, Rome, or a combination of all destinations. The same guidelines previously stated in the circular under reference apply to these transactions. Authorized dealers and the general public are urged to adhere strictly to the conditions stipulated in order to avoid any issues regarding this purchase.