e-Form A Application and Approval Stages in Nigeria (CBN Tradesystem.gov.ng)

If you are planning to pay for foreign tuition, mortgage, foreign medical bills, Personal and Business Travel Allowance (PTA/BTA), Nigeria Exports Proceeds Form (NXP), and the Non-Commercial Exports (NCX), the Central Bank of Nigeria (CBN) requires you to apply through the e-Form A online portal on the Trade Monitoring System.

In this article, you will learn about the e-Form A registration requirements and how to apply online. on the CBN Tradesystem.gov.ng portal.

What is e-Form A?

e-Form A is an electronic application form created by the CBN for Nigerians to make payments for services abroad, including foreign tuition, foreign training courses, mortgage, and foreign medical bills.

It caters to the sale of foreign exchange to Nigerians who are trading or traveling abroad, offering access to affordable foreign exchange currencies like the Great Britain Pounds (GBP), US Dollar (USD), and Euro (EUR).

e-Form A is an electronic version of the CBN hard copy Form A that is processed on the CBN Trade Monitoring System – tradesystem.gov.ng. The online portal allows you to submit your application and upload supporting documents from the comfort of your home or office.

However, each application requires a fee of ₦5,000, and a valid Bank Verification Number (BVN) is required to access the Trade Monitoring System for e-Form A applications.

CBN Application Stages For The e-Form A application process has three stages:

Stage 1: ADB_REVIEWER The first stage involves the reviewer verifying the correctness of the details provided, checking the account number, and confirming the uploaded documents. Upon approval, the application is forwarded to the reviewer’s supervisor.

Stage 2: ADB_SUPERVISOR The second stage requires the supervisor to check the application details and confirm the uploaded documents. Once approved, a 16-digit AF-number is generated, and the application is forwarded to the disbursement team to approve the cash/transfer disbursement.

Stage 3: ADB_DISBURSEMENT_REVIEWER The final stage involves the disbursement reviewer approving the application and disbursing the funds in cash or transfer. Once approved, an email notification is sent to the applicant.

How to Apply for Personal Travel Allowance and Business Travel Allowance (PTA/BTA)

Follow these steps to apply for Personal Travel Allowance and Business Travel Allowance (PTA/BTA):

• Login to the Tradesystem portal
• Click on the “Start Application” button.
• Select PTA/BTA.
• Enter all the necessary travel details.
• Upload your travel documents, including the return flight ticket, visa page, and international passport data page.
• Upload the company’s letter of nomination and certificate of incorporation (in the case of BTA only).
• Enter your bank account number for debit.
• Select your preferred bank from the drop-down list.
• Select the bank branch you prefer for the transaction.
• Submit the application.

How to Apply for School Fees To apply for school fees, follow the steps below:

• Login to the Tradesystem portal
• Click on the “Start Application” button.
• Select Educational Fees.
• Choose School fees.
• Enter all the necessary student and school details.
• Upload the required documents, such as the international passport data page, provisional admission letter, school invoice, and WAEC/first-degree certificate.
• Upload the sponsor’s identification (if you are paying through a sponsor).
  Type school fees amount (maximum$15,000 per semester)
• Enter bank details
• Select your bank from list

How to Apply for Upkeep and Medical Bills Payment on Tradesystem Gov Ng

If you’re a Nigerian student looking to apply for upkeep or medical bills payment, Tradesystem Gov Ng is an online portal that can simplify the process. Here’s how to use it to your advantage.

• Login to the Tradesystem Gov Ng portal.
• Click on “Start Application”.
• Select “Educational Fees”.
• Choose “Upkeep”.
• Enter the student and school details.
• Upload the required documents, which include the student’s international passport data page, provisional admission letter, WAEC/first degree certificate, sponsor’s identification, and sponsor’s letter of authority to debit.
• Enter the upkeep amount (maximum of $5,000 per semester).
• Enter the bank account number to debit.
• Select your preferred bank from the drop-down menu.
• Submit your application.

How to Apply for Medical Bills Payment on Tradesystem Gov Ng

• Login to the Tradesystem Gov Ng portal.
• Click on “Start Application”.
• Select “Medical Allowance”.
• Fill in all the necessary details.
• Upload the required documents, which include the return flight ticket, visa, international passport data page, and specialist’s letter of recommendation for treatment in the destination hospital.
• If the patient is paying through a sponsor, attach the sponsor’s authority to debit.
• Enter the bank account number to debit.
• Select your preferred bank from the drop-down menu.
• Submit your application.

Note:

• PTA and BTA processing may take up to 1-3 business days.
• School fees processing may take up to 1-3 weeks.
• Upkeep processing may take up to 1-3 weeks.
• Medical allowance processing may take up to 1-3 weeks.
• You can follow up with your bank using your AF-number.
• One is eligible to get PTA/BTA, even when going to a visa-free country.
• Your password should be a mix of capital letters, small letters, numeric, and special character(s). It should be no less than 8 characters altogether.
• During registration, if you receive the message “BVN found, but without an email address, kindly refer to your bank for help”, fill out a BVN update form in your bank to link your BVN to your email.

About Tradesystem Gov Ng Portal

• The Tradesystem Gov Ng Portal is a CBN/FG-run portal.
• It is not used to debit accounts or run any form of transaction on your bank account.
• The portal is only used to receive your Form-A/NCX request.
• It is accessible wherever there is internet and accepts Naira accounts.
• The transaction timeline still largely depends on the availability of FX in your bank at the time of request.
• You can use it to pay for a family member’s school fees with your own account details. Ensure to add your valid ID and instruction to debit to the list of the student’s documents.

Frequently Asked Questions (FAQs)

BTA stands for Business Travel Allowance, which is issued to individuals traveling abroad for business purposes, while PTA stands for Personal Travel Allowance, which is issued to individuals traveling for personal purposes.

There is no fixed maximum amount that can be approved for e-Form A transactions. The amount that can be approved depends on the specific transaction and the documentation provided.

The time it takes for e-Form A transactions to be approved varies depending on the specific transaction and the completeness of the documentation provided. However, CBN aims to complete the process within 48 hours of submission.

The fee for e-Form A application is ₦5,000.

Trade Monitoring System Portal is an online portal provided by the CBN for the processing of e-Form A transactions. The portal can be accessed at tradesystem.gov.ng.

Conclusion

e-Form A is a simple and easy way to make payment for services abroad, invisible trade like foreign tuition, foreign training courses, mortgage, and foreign medical bills. With the e-Form A online portal, you can submit your request and upload your supporting documents from the comfort of your home or office. To ensure the smooth processing of your application, ensure that all necessary information and documents are submitted accurately and promptly. Additionally, remember that a valid Bank Verification Number (BVN) is required to access the Trade Monitoring System for e-Form A application.