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2025

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2025

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Nigeria will now sell forex online

Nigeria Evolves on Forex: "Transfers from one customer to another is prohibited" - Tekedia

Nigeria will sell forex online, noted outgoing GTBank boss, Segun Agbaje: “I hope that many of you will see that the new Foreign Exchange policy with regards to Invisibles, Personal Travel Allowance (PTA), Basic Travel Allowance (BTA), tuition fees, and medical payments, is working very well.

“We have taken it upon ourselves along with the regulator to make sure that this works, and this is just the first phase and if you noticed most of the things you are doing today, you are going into the branches to do most things.

“But, we are going to also try to digitise this whole thing the way the world is going; and that is being done by Nigeria Inter-Bank Settlement System Plc (NIBSS) where you will be able to buy online.’’

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Well since we are late entrant into many things, then we should just enjoy the dynamic blessing of backwardness!