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