What does BTA mean in Nigeria?

Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) are currency exchange schemes specifically set up for Nigerians traveling abroad for personal or business reasons.

What is basic travel allowance BTA?

Beware of anyone who requests funds for a BTA, or Basic Travel Allowance, as a requirement to depart another country for the United States. There is no such thing as a BTA. In other cases, your Internet friend will claim to need a travel allowance, or travel money, to be able to travel to the United States.

Who is eligible for PTA in Nigeria?

Personal Travel Allowance (PTA) Requirements Applicants shall be eighteen (18) years of age and above. Applicants could be account holders or non-account holders in the bank. Applicants shall be holders of valid Nigerian International Passport. Applicants shall have a valid visa of the country of destination.

How much is Canada BTA?

The fee is $1100 Canadian.

What is traveling allowance?

Travelling Allowance means an allowance granted to a Government employee to cover the expenses which he incurs in travelling in the interest of the public service. It includes allowance granted for the maintenance of conveyance.

What is CBN dollar rate?

CBN Exchange Rates

Currency Sell / Buy Rate Change
USD ₦ 411.95 / 410.95 0.01%
EUR ₦ 466.82 / 465.69 4.63%
GBP ₦ 552.75 / 551.41 -0.11%
ZAR ₦ 26.21 / 26.15 1.12%

What are the requirements for BTA in Nigeria?

Criteria of BTA from Nigeria The applicant must be at least 18 years of age. He/she must have a valid Nigerian passport. Proof of a legit Bank account. Your journey should last more than 5 hours. Your flight must depart from Nigeria. Travel must occur within 14 days from the date of request for BTA.

What is the travel allowance (BTA)?

What is BTA? The travel allowance is a payment from the company inviting you for work where they cover your travelling expenses. Often this benefit covers such things as, accommodation, food, and transport. You can receive this payment before or after a business trip. What does this benefit cover?

What is PTA/BTA (personal/business trip)?

For customer convenience, during personal/business trips (PTA/BTA) one can now use payment card in addition to the option of using cash. Individuals/organizations are eligible for BTA travel once a quarter. The maximum amount of compensation per quarter for BTA is $ 5,000.

Can I access PTA / BTA without a Naira debit / credit card?

Due to the existing limit on the use of funds with Naira Debit and Credit Cards (MasterCard and Visa) from 40 000 to 150 000 USD per year with a monthly return to CBN, customers wishing to access PTA / BTA should not have a Naira Debit / Credit (MasterCard and VISA).