Tuesday August 11, 2015/ Zenith Bank This is the ZENITH BANK list of designated branches that has commenced the sale of Personal and Business Travel Allowance (PTA & BTA) across the country.  This means that all intending travellers can now purchase foreign currency up to a quarterly limit of $4,000 […]

August 12, 2015/IMF In response to media queries about the People’s Bank of China’s announcement on the Change to the Renminbi exchange rate fixing mechanism, the following can be attributed to an IMF spokesperson: “The new mechanism for determining the central parity of the Renminbi announced by the PBC appears […]

August 11, 2015/Vanguard The battle for defence of the Naira value has widened, affecting existing withdrawal limits on Automatic Teller Machines (ATMs) and foreign transactions on all existing Naira debit cards (ATM cards). In the new arrangement, all ATMs that were hitherto enabled for domestic and foreign transactions have been […]