Guidelines for sale of foreign currency for PTA, School fees

The Central bank of Nigeria (CBN) recently  pegged the Naira exchange rate for payment of school fees (strictly universities) abroad and Personal Travel Allowance (PTA) at N375 to the dollar.

This is line with its determination to boost dollar supply in the economy as well as to bridge the wide gap between the interbank foreign exchange (FX) market and the parallel market.

Below are guidelines on how to apply for Personal Travel Allowance (PTA) and payment of school fees abroad as released by UBA:

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