Nigerian banks have resumed international tuition payments via Naira accounts using CBN’s Form A.
Nigerian banks have resumed processing international tuition payments from Naira accounts through the Central Bank of Nigeria’s Form A portal.
Form A allows customers to access foreign exchange at CBN or interbank rates for eligible service transactions, including tuition. This follows the recent resumption of international transactions on Naira cards.
In emails to customers on Monday, GTBank and Lotus Bank confirmed that Form A is now available for undergraduate and postgraduate tuition fee payments abroad.
“Pay international tuition fees directly from your Naira account,” GTBank announced.
Customers must register via www.tradesystem.gov.ng, select ‘Form A’ for Educational Fees, choose a processing bank, upload documents, and submit the application.