Tag
PERSONAL TRAVEL ALLOWANCE
First Bank of Nigeria has informed its customers that the Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) will now be transferred to the FirstBank Travel Card.
PTA on foreign trips by Nigerians rose from $5.59 billion between January and September 2018, to $9.01 billion in the same period of 2019.
In 2012, the Central Bank of Nigeria (CBN) introduced the cashless policy with the aim of promoting the use of electronic payment channels instead of cash.