2015-04-22 | TED/FEM/FPC/GEN/01/008

Clarification on Circular Ref:TED/FEM/FPC/GEN/01/007 of April 13, 2015, Re: Usage of Naira Denominated Cards overseas

The Central Bank of Nigeria issued a clarification regarding the usage of Naira-denominated cards overseas, specifying that the restriction only applies to Naira-denominated debit and credit cards used internationally. Local debit and credit card transactions, as well as cards linked to domiciliary accounts for international use, remain unaffected. This information is intended to guide authorized dealers and the general public in complying with the bank's regulations.

Nigeria

Central Bank of Nigeria

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