BREAKING NEWS:$1 Falls back to N150

In a roundabout on Thursday, stamped, TED/FEMFPC/GEN/01/005, the CBN said: "Every pioneer is qualified for buy at least $750.00 and most extreme of US$1,000.00 as PTA. The Central Bank of Nigeria, CBN, on Thursday, guided banks and approved forex merchants to offer the Pilgrims Traveling Allowance, PTA, to proposing explorers at a concessionary swapping scale of N197 to $1. The Federal Government has endorsed that proposing pioneers are to be sold the PTA at a concessionary conversion scale of N197.00 to the US dollar. "No commission might be charged by the banks for the offer of the PTA to the planning explorers. The Central Bank of Nigeria should deal the PTA to the assigned banks in Lagos and Abuja and the records of the individual banks might be charged when the assets are dispensed… ."

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