In line with recent directives from the Central Bank of
Nigeria (CBN), geared towards accommodating all stakeholders in the foreign
exchange (FOREX) market and increasing FOREX availability to all end-users,
please be informed of that customers and other users can walk into any of our
branches nationwide to procure FOREX for the purpose of PTA and BTA at the
following exchange rates: USD at N358/$ EUR at N405.12/€ GBP at N468.78/£ The
requirements for each category is as follows:
PERSONAL TRAVEL ALLOWANCE (PTA)
Applicants shall be eighteen (18) years of age and above.
Sales of PTA shall be for travel to be undertaken not more
than 14 days from the day of the purchase of PTA.
Applicants could be account holders or non-account holders
in the bank.
PTA shall only apply to journeys of not less than five (5)
hours flight time.
Applicants shall present verifiable BVNs to their bankers.
Applicants shall have valid visa of the country of
destination.
Applicants shall be holders of valid Nigerian International
Passport.
The flight must originate from Nigeria.
Applicants shall be
entitled to $4,000.00 per quarter.
B BUSINESS TRAVEL
ALLOWANCE (BTA)
In addition to the conditions stated above for PTA, kindly
note the following additional requirements for BTA:
A company can buy up to 5,000 US Dollars per quarter.
Certificate of Incorporation.
Letter of invitation from the company abroad.
Letter of nomination from the Nigerian company.