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.