Nigerian banks have restarted the processing of worldwide tuition price funds utilizing Naira accounts by way of the Central Bank of Nigeria’s (CBN) Form A platform.
Form A is a instrument launched by the CBN to help service-based overseas alternate transactions. It permits clients to entry foreign exchange on the CBN or interbank fee for eligible companies listed within the overseas alternate handbook.
This replace follows the sooner announcement by industrial banks that Naira playing cards can now be used once more for worldwide transactions.
On Monday, the twenty eighth of July, 2025, GTBank and Lotus Bank knowledgeable their clients by way of electronic mail that the service now covers tuition funds for each undergraduate and postgraduate programmes overseas.
GTBank’s message said:
“Pay international tuition fees directly from your Naira account.”
READ ALSO: Naira Strengthens Slightly Against Dollar at Official Window, Gains N5 on Black Market
To use this service, clients should register and apply by way of the Trade System Portal: www.tradesystem.gov.ng
GTBank additional suggested:
“Select the ‘Form A’ application for Educational Fees. Choose GTBank as the processing bank, attach required documents, and submit the application.”
Lotus Bank shared an identical directive:
“Register on the Trade System Portal. Select Form ‘A’ application for Educational Fees. Choose Lotus Bank as the processing bank, attach required documents, and submit the application.”
