In compliance with the new directive by the Central Bank of Nigeria (CBN) that only banks and no more Bureaux de Change (BDCs) will sell Foreign Exchange (FX) to customers in Nigeria, commercial banks in Abuja have set up teller points for FX transactions in their branches. Over the weekend, the banks sent emails to their customers informing them of the latest development and documents required for the FX transactions e.g. a valid Nigerian passport with a valid visa, and a valid international return ticket with a travel date not more than 14 days from the date of PTA/BTA purchase. In the case of school fees, an admission letter, payment invoice, first degree certificate (postgraduate studies), and a duly completed Form A are required. Naira is 412/$1 in their branches.
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