Nigerian Banks Resume Naira Card International Transactions, But With Tight Limits

After nearly three years of restrictions driven by severe foreign exchange (FX) shortages, several major Nigerian commercial banks have resumed international transactions on Naira-denominated debit cards — a move signaling renewed confidence in Nigeria’s FX market and the Central Bank’s management of foreign currency flows. Customers of top-tier institutions such as Guaranty Trust Bank (GTBank), [...]The post Nigerian Banks Resume Naira Card International Transactions, But With Tight Limits appeared first on Tekedia.

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