The Central Bank of Nigeria (CBN) on Sunday said that among other things, all Business Travel Allowances (BTA), Personal Travel Allowances (PTA), international school fees, medical, airline remittances, and other visible and invisible transactions are now eligible for foreign exchange at the Investor and Exporters (I&E) window of the bank.
As part of its resolutions arrived at in its extraordinary Bankers Committee meeting held on Friday, the apex bank stated that all “Deposit Money Banks (DMB) shall ensure expeditious processing of all eligible invisible transactions on behalf of their customers using the applicable rates at the I&E window.
