Hajj Deadline Locks In Currency Risk

AbujaPilgrims must pay 26 September, nine months early.

Committing naira to a riyal-priced package this early shifts exchange risk onto pilgrims.

Saudi Arabia sets the registration calendar that Nigeria’s commission merely relays to pilgrims.

The naira has slid 1.7% this week, with a remittance deadline still due in December.

Sources: Premium Times Nigeria