CBN Gives Reasons for Banning Use of Cash as PTA, BTA

CBN Gives Reasons for Banning Use of Cash as PTA, BTA

The Central Bank of Nigeria (CBN) has banned the use of cash as Personal Travel Allowance (PTA) and Basic Travel Allowance (BTA) insisting that all such allowances can only be paid through electronic channels. The apex bank noted that the move is part of efforts to ensure transparency and stability in the foreign exchange market […]

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