This involves payment for services and requires duly completed Form ‘’A’’ which is a regulatory form to be completed by customers for processing of all invisible transactions in Nigeria while other requisite documents for each type of service is as contained in the Central Bank of Nigeria (CBN) Foreign Exchange Manual.
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The list of eligible invisible transactions includes;
- Duly completed Form A
- Valid International Passport and Visa
- Return Ticket
- Duly completed Form A
- Letter of request from the corporate body stating the purpose of visit.
- Certificate of the business registration/incorporation
- Valid International Passport and Visa
- Return Ticket
- Letter of invitation from the overseas business partner.
Other conditions for travel allowance are as stated below.
- PTA is available to both customers of the bank and non-customers.
- Applicant shall be 18years of age and above.
- Applicants/Beneficiaries shall be holder of Nigerian passport.
- The flight must originate from Nigeria.
- The sales of PTA/BTA shall be for travel to be undertaken not more than fourteen (14) days from the day of purchase.
- Applicants are entitled to US$4,000 and US$5,000 per quarter for PTA and BTA respectively
- Sales of PTA/BTA shall only apply to journeys of not less than five(5) hours flight time
- Duly completed Form A
- Application letter
- Admission letter from the school
- Invoice/bill from the school
- Valid ID card & BVN of the applicant
- Evidence of first-degree certificate (for postgraduate students)
You can now initiate requests for Form A FX purchases on the new NIBSS FX Service Portal, right from the comfort on your home!
Click here to start.
- Duly completed Form A
- Letter of reference from a specialist doctor/hospital in Nigeria.
- Travel documents including valid international passport, visa and return ticket.
- Letter issued by the overseas specialist doctor stating the cost of treatment and maintenance.
- Payment for medical fees shall be remitted directly to the overseas hospital.
The list of other eligible invisible transactions includes;
• Management & Technical Service
• Copyright, Patent & Royalties Payment
• Profits & Dividend Remittances
• Aircraft Lease Fees
• Expatriate Personal Home Remittances
• Advertisement Outside Nigeria
• Membership subscriptions
• Software Licenses
• Remittance on electronic Capital Importation Certificate (eCCI)
• Cash Gifts & Miscellaneous Provisions
• Registration & Examination fees
• Debt repayment
• Conferences, Seminars & Training
• Subscription for periodicals