The Central Bank of Nigeria (CBN) has okayed the use of cash for the Basic Travel Allowance (BTA) for this year’s Hajj. With this development. the apex bank has abandoned its earlier plan to mandate ...

In a landmark move aimed at easing the travel experience for Nigerian pilgrims, the Central Bank of Nigeria (CBN) on Wednesday approved the use of cash for the disbursement of Basic Travel Allowance ...

The decision was disclosed by Hassan Mahmud, the Director of Trade and Exchange Department at the apex bank, in a circular dated Wednesday, February 14, 2024. Titled, ‘Allowable Channels For Payout Of ...

The invisibles segment, comprising tuition fees, medical payments and Basic Travel Allowance (BTA), among others, received 45 million dollars. A statement by the acting Director, Corporate ...