September 20, 2025

international transactions

General

GTBank Restores Global Spending Access on Naira Cards, Sets New $4,000 Limit for International Transactions

Guaranty Trust Bank (GTBank) has officially reactivated international transaction capabilities on its Naira-denominated debit cards, allowing customers to once again carry out online and Point of Sale (POS) payments globally. This development marks a significant relief for account holders who have faced limitations on cross-border transactions due to foreign exchange restrictions in recent years. According

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Business

Nigerian Banks Reactivate Naira Cards for International Transactions as FX Liquidity Improves

July 7, 2025 In a major relief for Nigerian consumers and businesses, several Deposit Money Banks (DMBs) have resumed international transactions on naira-denominated debit cards, following notable improvements in the country’s foreign exchange (FX) liquidity. The reinstatement comes after years of suspension due to severe FX scarcity, which forced banks to restrict or halt the

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General

Nigerian Banks Resume International Transactions on Naira Cards After Years-Long Suspension

Lagos, Nigeria – July 4, 2025  Nigerian banks have officially resumed international transactions on naira-denominated debit cards, marking a significant development after years of suspension due to foreign exchange volatility and dollar scarcity. The resumption allows bank customers to make payments for goods and services on international platforms such as Netflix, Amazon, and Apple, as

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