Forex Crisis: Banks Slash PTA/BTA To $2000, Review Processing Time To 120 Days

Forex Crisis: Banks Slash PTA/BTA To $2000, Review Processing Time To 120 Days


Nigerian banks have cut the amount of dollars for Personal Travel allowance (PTA) and Business Travel Allowance (BTA) by 50 per cent – from $4000 to $2000 respectively.

The commercial banks have also commenced an upward review of the processing time for accessing Foreign Exchange (FX) for international school fees to 120 days from 48 hours.

In a notice to the customer, the lender disclosed that the new allocation would be given to applicants twice per year as long as they fulfilled some requirements, including applying for foreign exchange requests within 14 days of the travel date.

Comments

Post a Comment

Popular posts from this blog

CHAIRMAN OMENANI AWKA REAFFIRMS AUSTIN NDIGWE AS AWKA MONARCH, CONDEMNS SOLUDO-LED PANEL OUTCOME

Image
CHAIRMAN OMENANI AWKA REAFFIRMS AUSTIN NDIGWE AS AWKA MONARCH, CONDEMNS SOLUDO-LED PANEL OUTCOME Chief Toochukwu Nwokoye Nwosu, Chairman of Omenani Awka, the apex body representing traditionalists (Ndi Omenala) in Awka has strongly reaffirmed Chief Austin Ndigwe as the legitimate monarch of Awka Kingdom, dismissing the recent findings of the Commission of Inquiry set up by Governor Charles Chukwuma Soludo. In a strongly worded statement issued today, Chief Nwosu described the panel's conclusions  which reinstated Obi Gibson Nwosu (Eze Uzu II) and declared Austin Ndigwe's claims invalid and an affront to the state government as a biased and unacceptable imposition on Awka's indigenous traditions. "The panel's outcome is a direct assault on our ancestral heritage and the sacred customs of Ndi Omenala," Chief Nwosu declared. "We reject it in its entirety. The so-called Commission failed to honor the true voice of the land and instead sought to su...
Read more

DR. BEN NWOYE MAKES FIRST APPOINTMENT, NAMES HON. TIMOTHY AMAH AS CHIEF OF STAFF

Image
DR. BEN NWOYE MAKES FIRST APPOINTMENT, NAMES HON. TIMOTHY AMAH AS CHIEF OF STAFF In his first major appointment shortly after his emergence as the new Deputy National Chairman (South) of the All Progressives Congress (APC), Dr. Ben Nwoye has named Hon. Timothy Amah as his Chief of Staff. The announcement, made late on Saturday night at the at the Secretariat of his campaign organisations amid ongoing celebrations, signals Dr. Nwoye’s commitment to continuity, loyalty, and efficient office management as he assumes the critical national role. Hon. Timothy Amah, who served as Director-General of Dr. Ben Nwoye’s Campaign Organisation, played a pivotal role in coordinating the successful push that led to the consensus election of Dr. Nwoye over the incumbent, Chief Emma Eneukwu. Sources close to the new Deputy National Chairman (South) described the appointment as a strategic and well-deserved recognition of Hon. Amah’s dedication, organizational skill, and unwavering support th...
Read more

APC South East Lawyers Forum Threatens Legal Action Over 'Illegal' Move to Shift South East Ex-Officio Position from Anambra to Imo State

Image
APC South  East Lawyers Forum Threatens Legal Action Over 'Illegal' Move to Shift South East Ex-Officio Position from Anambra to Imo State The crisis within the All Progressives Congress (APC) South-East chapter deepened on Saturday as the APC South East Lawyers Forum issued a 48-hour ultimatum, threatening to drag the party and its South-East Zonal Chairman, Ijeomah Arodiogbu to court over alleged plans to relocate the zone's statutory Ex Officio position from Anambra State to Imo State. In a strongly worded statement signed by its Convener, Barr. Emeka Obiora, and Secretary, Barr. Ngozi Uchendu, the forum described the proposed move by Ijeomah Arodiogbu as "a constitutional aberration, a breach of the doctrine of federal character, and a deliberate attempt to undermine the political interests of Anambra State." "We have it on good authority that there is a calculated plot by Ijeomah Arodiogbu, the South East Zonal Chairman to tamper with the exi...
Read more