Afrigather 
The Central Financial institution of Nigeria (CBN) has declared that any more, Private and Fundamental Journey Allowances will completely be disbursed via digital channels, eliminating money transactions.
The directive was issued by Hassan Mahmud, the Director of the Commerce and Change Division on the CBN, in a round dated February 14, 2024. The CBN has instructed all approved sellers and most people to pay attention to this directive and cling to it accordingly.
The round titled, ‘Allowable Channels For Payout Of Private Journey Allowance (PTA) And Enterprise Journey Allowance (BTA)’ learn;
“Memorandum 8 of the Overseas Change handbook and the round with reference FMD/DIR/CIR/GEN/08/003 dated February 20, 2017, stipulate the eligibility standards for accessing Private and Enterprise Journey allowances (PTA/BTA).
“Consistent with the Financial institution’s dedication to make sure transparency and stability within the international change market and keep away from international change malpractices, All Authorised Supplier Banks shall henceforth impact payout of PTA/BTA via digital channels solely. together with debit or bank cards.”
