Page 4 - Basic Travel Allowance News Today

The General Authority for Civil Aviation (GACA) in Saudi Arabia has extended landing permits of Nigerian Hajj carriers from July 4 to July 6.

Chairman, Oyo State Pilgrims Welfare Board (Muslim Wing), Professor Sayed Malik, has denied insinuations that some pilgrims from the state who are already

In the name of Allah, Most Gracious, Most Merciful. The festival of fast-breaking (Eid-l-Fitr) no doubt serves as the end of the Ramadan fast. It falls on

THE Central Bank of Nigeria (CBN) will this week continue its tight monetary policy by issuing treasury bills to mop-up N238 billion. Meanwhile the National Bureau of Statistics (NBS) will also this week release the inflation data for June, which is expected to sustain the downward trend for the fourth consecutive months. Findings revealed that […]

The Central Bank of Nigeria, CBN, on Monday, intervened in inter-bank Foreign Exchange Market with the supply of $195 million as part of efforts to stabilise the market. The acting Director, Corporate Communications of the apex bank, Isaac Okorafor, in a statement, said $100 million was offered through the wholesale segment. He said that Small […]

The bankers' committee, on Thursday, announced plans to begin the sale of foreign exchange to customers through the platform of the...

Punch Newspapers Sections Published 17 June 2021 Nigerians travelling abroad can access a maximum amount of $4,000 foreign exchange from the banks following the Central Bank of Nigeria’s announcement to increase forex supplies. Sources from some of the banks said those travelling on business trips could also access a maximum amount of $5,000 for each trip. The CBN had said in a recent statement that it had concluded plans to increase the amount of foreign exchange allocated to banks to meet l...

Punch Newspapers Sections Published 7 June 2021 The Central Bank of Nigeria said it has concluded plans to increase the amount of foreign exchange allocated to banks to meet the requests of customers seeking forex for travel allowances, payment of tuition and medical fees, among other invisibles. This followed the warning by the CBN Governor, Mr Godwin Emefiele, to Deposit Money Banks to desist from denying customers the opportunity to purchase foreign exchange for several purposes. The purpose...

CBN increases forex allocations to banks, to ensure liquidity for invisibles Business