Most Banks Limits/Suspend Intl’ Usage of Naira Cards; FBN Remains Only Bank Able to Sell FX to BDCs

As the foreign exchange liquidity issue continues to linger, banks have continue to review and modify their international usage of naira debit cards. Effective 14th October 2016, bank customers will not be able to carry out cross border transactions or transactions priced in foreign currency using their Naira debit, credit and prepaid cards as they ...