This is allowable travel allowance by Central Bank of Nigeria to any Nigerian traveling on vacation or business outside the country. US$4000 is allowed on a quarterly basis for Personal Travel Allowance while US$5000 is allowed on a quarterly basis for Business Travel Allowance.
With the increase in the existing limit on Naira Debit and Credit cards (MasterCard and Visa) usage from $40,000 to $150,000 per annum subject to monthly returns to CBN. Customers who wish to access PTA/BTA must not have Naira Debit / Credit (MasterCard and VISA)
First Travel Card:
To afford convenience for customers, Personal/Business Travel Allowance (PTA/BTA) can now be availed through e-card in addition to the cash option.
Individual/organization are entitled to PTA/BTA once every quarter.
Maximum entitlement per Quarter PTA: $4,000; BTA: $5,000.
It is a prepaid Visa Card.
Funds can be transferred from the Customers Domiciliary Account to load the card with additional foreign exchange foreign exchange.
You earn 1% flat as Income on every Transaction.
Requirements to apply for both PTA and BTA.
Valid international Passport with Visa.
Return airfare ticket (reserved tickets not allowed). One-way ticket allowed only on condition.
Duly completed application form.
Letter of Nomination on the company letterhead. Certificate of the Business registration/Incorporation Include features under PTA Include features under PTA
Certificate of the Business registration/Incorporation. Include features under PTA Include features under PTA
Include features under PTA.