CBN limits usage of naira denominated cards overseas by 66.7% to $50,000

Effective immediately, the existing limit on the usage of naira denominated cards for transactions overseas has been reviewed downward, the Central Bank of Nigeria (CBN) has said. Consequently, the apex bank now pegs it at $50,000 per person per annum, representing 66.7 percent below $150,000 it stood. According to the CBN, authorised dealers are to…

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Source : BusinessDay

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