Zenith Bank has said In line with recent directives from the Central Bank of Nigeria (CBN), geared towards accommodating all stakeholders in the foreign exchange (FOREX) market and increasing FOREX availability to all end-users that customers of the bank can now can now walk into any of ”our branches nationwide” to procure FOREX for the purpose of PTA and BTA .
According to the bank the above can be obtained at the following exchange rates: USD at N358/$ ,EUR at N405.12/€, GBP at N468.78/£ .
The requirements according to the release for each category is as follows: PERSONAL TRAVEL ALLOWANCE (PTA) Applicants shall be eighteen (18) years of age and above,sales of PTA shall be for travel to be undertaken not more than 14 days from the day of the purchase of PTA,applicants could be account holders or non-account holders in the bank.
PTA shall only apply to journeys of not less than five (5) hours flight time,applicants shall present verifiable BVNs to their bankers,applicants shall have valid visa of the country of destination.
Also,applicants shall be holders of valid Nigerian International Passport and The flight must originate from Nigeria. Applicants shall be entitled to $4,000.00 per quarter.
Secondly ,for BUSINESS TRAVEL ALLOWANCE (BTA) Letter of nomination from a Nigerian company should come with a Certificate of Incorporation; Letter of invitation from the company abroad. A company can buy up to 5,000 US Dollars per quarter.