Personal & Business Travel Allowance

Personal & Business Travel Allowance

Are you an individual travelling abroad for holidays and tourism or a private business owner or a corporate organization, and you wish to purchase foreign exchange for a business trip abroad? Then this product is tailored to your needs.

CIT BDC is authorized by the Central bank of Nigeria as a BDC for the sale of Business Travel Allowance (BTA) and Personal Travel Allowance (PTA). This means that all intending travelers can now purchase foreign currency from us up to a quarterly limit of $5,000 and $4,000 respectively or its equivalent in GBP and EURO.

Also, Kindly Note the Following:
Customers cannot purchase both PTA and BTA on the same trip, but may purchase both within the same quarter.
Customers traveling to West African countries and places that do not require visa will not be allowed to purchase BTA/PTA.
Customers can only purchase PTA for members of their immediate (i.e. nuclear) family which includes husband/wife and a maximum of two (2) children over 12 years old.

Basic Documents Required:
» A letter of request from the corporate body on their letter head
» International passport with valid visa
» Air ticket
» Endorsement of the relevant page of international passport.

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