The requirements include presentation of valid international passport, visa to destination, Biometric Verification Number (BVN) card, airline boarding pass and signed copy of transaction. Naira-Dollar The firm also directed that cash would only be handed over to the traveller at the boarding gate after security and immigration checks.

989900:


Where una put common sense for before? All this suggestions were made by us since last year.

They need to add: traveler must be traveling farther than West Africa.

fuckyoumhen:
Yes and there must be genuine reason for travelling e.g Medical, Business, Academics. There should be no consideration for leisure travellers

989900:


I think this is just for BTA, probably not more than $1,000-$4,000 per passenger (Which is a lot of help considering the prevalent situation).

fuckyoumhen:
If its BTA/PTA, then its *inconclusive policy*

Alhaji Aminu Gwadabe, President, Association of Bureau de Change Operators of Nigeria (ABCON), on Friday said it was illegal for his members to sell a dollar above N356.

Gwadabe made the disclosure in an interview with the News Agency of Nigeria (NAN) in Lagos.

He said that the sale of dollar by Travelex to BDCs was already impacting positively on the market as the Naira had sustained gains at the major segments of the foreign exchange market.

He said that as at 4 p.m. on Friday, Travelex had sold 15, 000 dollars each to no fewer than 1,000 BDCs and that the sale was ongoing, adding that “last week, it sold 10,000 dollars each to about 850 BDCs.

“Any BDCs selling above N356 to a dollar is an infraction on our agreement and should be reported to the association or law enforcement agents for appropriate sanctions.’’

Gwadabe said that to ensure transparency in dollar sales, ABCON had advised their customers to ensure that the rate at which they bought foreign exchange was stamped on their travelling document.

NAN reports that since the resumption in the sale of foreign currencies by Travelex, a licensed International Money Transfer Organisation (IMTO), the naira had been on a path of recovery.

The currency had been appreciating at the three major segments of the foreign exchange market, a development that has raised the hope of many Nigerians.

989900:


I think the 356 range is coming across board. It will also mean those sending Forex directly to their dorm accounts or by hand for hoarding or round-tripping won't have that margin to work with anymore . . . creating more liquidity . . . implementation/enforcement is always an issue with us though, as we are our own very problem.

fuckyoumhen:
I will visit BDC tomorrow to confirm if truly that they sell below 400naira/USD

989900:


Tomorrow . . . hahaha, I doubt that, maybe next week or 2 weeks from -- you never know though with Nigeria.

fuckyoumhen:
I will visit BDC tomorrow to confirm if truly that they sell below 400naira/USD