August 05, 2016

CBN directs banks to sell Dollars to Hajj Pilgrims at just N197; Nigerians React

The Central Bank of Nigeria, CBN, on Thursday directed banks and authorized forex dealers to sell the Pilgrims Travelling Allowance, PTA, to intending pilgrims at a concessionary exchange rate of N197 to $1. Soon after the directive was issued, Nigerians started complaining.

What is the crux of the matter? People are wondering why Business men and woman can't get Dollar at a cheaper rate to do their business, which enable them to create jobs for jobless Nigerians. But in the case of religion, which should be a personal obligation, CBN was quick to intervene.

Even the chairman of National Human Rights Commission, Ben Angwe, is not happy. See reactions:







10 comments:

ats three said...

This country and her policies at times are demoralizing. Gosh! Adonbilivit. smh

SPACO said...

Is a welcome development, we need God in Nigerian more than any other thing call business or economy, If we seek God every other thing will be in place.

samaila sulaiman said...

Just passing by

eniola lawal said...

Na wa oo

inumidun said...

Hmmm..

Gabice pumokumo said...

With this development, it looks like the vehicle of CBN is a push and start car. The driver has no say of his own.

Kay Heavy said...

Dats good

Jeff Kingsley Jr said...

This CBN governor is contributing to the hardship

Harbolarkale Niyi said...

This is ridiculous sardonic. Why CBN can't sell to business people at the same rate..... This is horrendous

olutoscene1 said...

Buhari don start to dey vex me o!

#Olu, can you see?