PAYMENT OF TUITION OR ISSUES RELATING TO REMITTANCES FOR INTERNATIONAL STUDENTS

THE CENTRAL BANK OF NIGERIA (CBN) HAS DIRECTED ALL COMMERCIAL BANKS IN NIGERIA TO SELL FOREIGN CURRENCIES MEANT FOR BASIC TRAVELLING ALLOWANCE (BTA) AND PERSONAL TRAVELLING ALLOWANCE (PTA) WITHIN 24 HOURS, WHILE THOSE MEANT FOR MEDICAL AND EDUCATIONAL (TUITION) PURPOSES FOR INTERNATIONAL STUDENTS SHOULD BE MADE AVAILABLE IN NOT MORE THAN FORTY EIGHT (48) HOURS.

THE BANKS ARE EXPECTED TO SELL FOREIGN EXCHANGE FOR THE AFOREMENTIONED PURPOSES AT THE CURRENTLY PRESRIBED RATE.

FOR ENQUIRIES OR COMPLAINTS, PLEASE CALL 234 70 0225 5226 OR SEND AN EMAIL TO cpd@cbn.gov.ng. THE NAME AND BRANCH ADDRESS OF THE UN-COOPERATING BANK SHOULD BE SPECIFIED (IF APPLICABLE).