CBN Allows 25% PTA, BTA Cash Disbursement From June 1, Raising Import Advances to 30%
Updated
Updated · msmeafricaonline.com · May 16
CBN Allows 25% PTA, BTA Cash Disbursement From June 1, Raising Import Advances to 30%
3 articles · Updated · msmeafricaonline.com · May 16
June 1, 2026 marks a partial rollback of Nigeria’s all-digital travel allowance regime, with the CBN allowing 25% of PTA and BTA disbursements in cash and 75% electronically.
The central bank said the change aligns travel allowance rules with updated Bureau De Change guidelines and is meant to ease operational bottlenecks for authorized dealers and other FX market participants.
The 4th Edition FX Manual also doubles allowable import advance payments to 30% from 15%, removes Form A for domiciliary remittances, and grants unrestricted access to export and ordinary domiciliary account funds.
Other revisions include free Form NXP processing, new rules for service exports, PAPSS transactions and non-resident investment accounts, plus tuition fee payments of up to $25,000 per semester abroad.
Replacing the 2018 manual, the framework keeps monitoring controls in place even with the cash option, as the CBN says the overhaul should improve transparency, macroeconomic stability and investor confidence.
Will the CBN's relaxed forex rules for travelers and importers stabilize the Naira or reopen doors to financial malpractice?
Beyond loans, how will Nigeria tackle the 'prejudice premium' hindering foreign investment in its green industrial future?
Will direct community cash grants prove more effective for grassroots development than large institutional financing programs?