BREAKING NEWS: Nigerian banks have resumed processing international tuition payments from Naira accounts through the Central Bank of Nigeria, CBN’s Form A portal.

Nigerian banks have indeed resumed processing international tuition payments from Naira accounts through the Central Bank of Nigeria’s (CBN) Form A portal.

This development is a significant relief for students and their families, allowing them to pay tuition fees directly from their local accounts.

How to Process International Tuition Payments:

Register on the Trade Monitoring System Portal: Visit (link unavailable) to register and apply for the Form A service.

Select Form A for Educational Fees: Choose the Form A application for educational fees and select your preferred bank (e.g., GTBank or Lotus Bank).

Upload Required Documents : Attach necessary documents, such as admission letters, invoices, and valid IDs.

Submit Application : Submit your application for processing.

Key Benefits: Access to Official Exchange Rates: Students can access foreign exchange at official rates, reducing reliance on the parallel market.

Streamlined Payment Process : The Form A portal provides a structured channel for essential transactions, making it easier for students to pay tuition fees abroad.

Relief for Students and Families: This development offers relief to Nigerian students abroad and their families who have faced delays, uncertainty, or expensive alternatives for tuition payments.

Participating Banks: Guaranty Trust Bank (GTBank) GTBank has announced the resumption of international tuition payments via the Form A portal and provided step-by-step instructions for customers.

Lotus Bank:  Lotus Bank has also notified customers of the service resumption and outlined the application process.