Pay international tuition fees directly from naira accounts as Nigerian banks reopen Form A following FX liquidity boost, slashing processing time to four days

Pay international tuition fees directly from your naira account—this is now possible for Nigerian students, thanks to a turnaround in the foreign exchange market that has boosted liquidity and revived access to the Central Bank of Nigeria’s Form A platform.

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Following months of foreign exchange scarcity that slowed tuition transactions abroad, Nigerian banks have resumed seamless processing of international school fee payments.

Guaranty Trust Bank (GTBank), in an email to customers on Monday, confirmed that undergraduate and postgraduate tuition payments can now be made from naira accounts using the Form A system.

“Pay international tuition fees directly from your naira account,” the bank stated, instructing users to apply via the official Trade System Portal at [www.tradesystem.gov.ng](http://www.tradesystem.gov.ng).

Applicants are required to choose Form A under Educational Fees, select GTBank as the processing bank, upload necessary documentation, and submit.

Lotus Bank also confirmed the same to its customers, stressing that the platform was never formally suspended, but usage had dropped amid dollar scarcity and regulatory uncertainty.

“The process has always been available, but due to a lack of funds, many people could not access it. Now, with improved liquidity, people are returning,” a Lotus Bank official explained.

The official noted that FX remittances for tuition are now completed significantly faster.

“Once instructions are sent, the treasury team sources the dollar in T plus two business days. For example, if instructions are sent on Monday, the account is debited by Thursday, and the school receives the funds by Friday,” the official added.

Once instructions are sent, the treasury team sources the dollar in T plus two business days.

To complete the process, customers must provide a valid admission letter, tuition invoice, international passport, tax clearance certificate, written instructions to debit their naira account, and a completed Form A.

This is a sharp contrast from 2022, when banks reportedly took up to 120 days to remit international school fees due to chronic forex shortages.

At the time, frustrated parents and students were forced to explore unofficial markets or risk visa issues caused by delayed payments.

The renewed ease of doing cross-border tuition payments is one of several recent improvements in Nigeria’s FX landscape.

Last month, commercial banks resumed international transactions on naira debit cards—a move seen as a confidence signal for the ongoing monetary reforms.

Education stakeholders say the reopening of Form A for tuition is a relief for thousands of Nigerian students abroad who rely on family support from home.

It also strengthens the legal channel for remitting funds, reducing dependence on black-market alternatives.

“The Form A process being functional again is a huge win. The system is now more transparent and predictable,” said an education consultant who helps Nigerian students process admission and payments abroad.

As Nigeria continues to stabilise its FX regime under the Central Bank’s unified market framework, more banks are expected to scale up foreign exchange services in the coming months.

For students planning to begin studies in the upcoming academic cycle, the current window offers a timely opportunity to process payments without long waits or uncertainty.

Also read: Naira Gains Slightly at Official Window Amid FX Optimism

With banks confirming processing in under five days, and liquidity improving, families now have a viable, legal path to pay international tuition fees—and they can do so directly in naira.