CBN stops dollar cash for BTA/PTA over Naira Devaluation

 

The Central Bank of Nigeria (CBN) has announced that it will no longer allow cash for Business Travel Allowance (BTA) and Personal Travel Allowance (PTA).

 

The Apex bank said all such allowances are to be issued in cards.

 

It said that the new measure was part of efforts towards making such that only genuine travellers obtained BTA and PTA, going forward.

Source: Vanguard