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DAILY BUSINESS NEWS BRIEF – Forex: Banks cancel commissions on PTA, tuition, medical bills

Home   /   NSE-Stats 24/09/2014   /   DAILY BUSINESS NEWS BRIEF – Forex: Banks cancel commissions on PTA, tuition, medical bills
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Forex: Banks cancel commissions on PTA, tuition, medical bills
Members of the Bankers’ Committee have agreed that banks in the country should stop charging commission on the sale of foreign exchange to customers, particularly those meant for Personal Travel Allowance, Business Travel Allowance, tuition and medical bills payment.The Managing Director, FSDH Merchant Bank, Hamda Ambah, made the announcement in Lagos on Tuesday at a press conference held after the committee’s meeting. As a result, Ambah said no bank was allowed to charge commission on forex purchased for the purposes stated above..Read More…]

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