NAF INTENSIFIES AIRPOWER CAMPAIGN, STRENGTHENS AIR PRESENCE IN SOKOTO TO DENY TERRORISTS FREEDOM OF ACTION. (PHOTOS). #PRESS RELEASE

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 NAF INTENSIFIES AIRPOWER CAMPAIGN, STRENGTHENS AIR PRESENCE IN SOKOTO TO DENY TERRORISTS FREEDOM OF ACTION The Nigerian Air Force (NAF) has intensified its airpower campaign against terrorism, banditry, kidnapping and other criminal activities across the North-West, with a strengthened air presence in Sokoto State to support ongoing joint security operations. The initiative reflects the Service’s determination to sustain pressure on hostile elements, enhance aerial surveillance and maintain the capacity for rapid response to emerging threats, while providing effective air support to ground forces operating within the Joint Operations Area. The strengthened air presence is particularly significant in the fight against asymmetric threats, where terrorists and bandits exploit difficult terrain, mobility and concealment to evade ground forces. By leveraging the reach, speed, flexibility and precision of airpower, the NAF is better positioned to support efforts to locate, disrupt and d...
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FX CRISIS: TRAVEL ALLOWANCES BY CASH NO LONGER PERMITTED- CBN. (PHOTO)

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 FX Crisis: Travel Allowances By Cash No Longer Permitted — CBN


In a move to solve the foreign exchange crisis in the country, the Central Bank of Nigeria (CBN) says Personal and Basic Travel Allowances will only be paid through electronic channels and not by cash.


The Director of Trade and Exchange Department at the apex bank, Hassan Mahmud, made this known in a circular dated February 14, 2024.


The circular titled, ‘Allowable Channels For Payout Of Personal Travel Allowance (PTA) And Business Travel Allowance (BTA)’.


“Memorandum 8 of the Foreign Exchange manual and the circular with reference FMD/DIR/CIR/GEN/08/003 dated February 20, 2017, stipulate the eligibility criteria for accessing Personal and Business Travel allowances (PTA/BTA),” the circular partly read.


“In line with the Bank’s commitment to ensure transparency and stability in the foreign exchange market and avoid foreign exchange malpractices, All Authorised Dealer Banks shall henceforth effect payout of PTA/BTA through electronic channels only. including debit or credit cards.”


The CBN directed all authorised dealers and the general public to note and comply accordingly.

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