DID YOU KNOW (8)? Nigerians Can Now Apply for Forex Online

Nigerians looking to obtain foreign exchange for business, travel or other purposes can now apply online, thanks to the Central Bank of Nigeria’s (CBN) deployment of electronic (web-based) Form ‘A’, for the purpose of expediting applications for PTA/BTA, medicals, education, and other remittances.

The form allows customers to purchase forex at CBN or interbank rate, to make payments for eligible services as predetermined by the foreign exchange manual. The e-Form is also meant to replace its hardcopy from 30 Nov 2021.

Nigeria’s Central Bank Governor, Mr. Godwin Emefiele

Processing of Form ’A’ will only be done electronically via the Trade Monitoring System at http://www.tradesystem.gov.ng

The Stakeholders’ login page on http://www.tradesystem.gov.ng

A valid Bank Verification Number (BVN) is prerequisite for customers to access the Trade System for Form ‘A’ forex applications.

SOURCES
http://www.fcmb.com
http://www.cbn.gov.ng
http://www.gtbank.com
http://www.thecapital.ng
http://www.ubagroup.com
http://www.fsdhgroup.com
http://www.nairametrics.com
http://www.ripplesnigeria.com
http://www.nationaldailyng.com
http://www.firstbanknigeria.com
http://www.stanbicibtcbank.com

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