The Central Bank of Nigeria (CBN) will no longer allow cash for Business Travel Allowance (BTA) and Personal Travel Allowance (PTA). CBN disclosed this on Thursday, in a circular titled ‘Allowable Channels For Payout Of Personal Travel Allowance (PTA) And Business Travel Allowance (BTA)’. In the notice signed by...
CBN orders banks to stop cash payment of PTA, BTA; directs banks to use electronic channels
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