This announcement comes on the back of recent improvements in foreign exchange (FX) liquidity.
Nigerian students abroad can now pay international tuition fees from their naira accounts and cards, using the Central Bank of Nigeria’s (CBN) ‘Form A’ portal.
This has also been confirmed by Nigerian banks following recent improvements in foreign exchange (FX) liquidity.
The Form A platform is a CBN-regulated channel that allows Nigerians to pay for eligible services such as school fees, medical bills, and training courses using the official foreign exchange window.
In an email to customers on Monday, GTBank said the process is available for applicants paying bachelor’s and postgraduate educational fees abroad.
“Pay international tuition fees directly from your Naira account,” the notice read.
To access the service, customers are required to register and submit an application via the trade system portal at http://www.tradesystem.gov.ng.
“Select Form ‘A’ application for Educational Fees. Choose GTBank as the processing bank, attach required documents, and submit the application,” GTBank said.