UBA, Wema Resume International Naira Card Transactions After 3-Yr Suspension

Nigerian banks resume international naira cards transactions

Two Nigerian commercial banks have ended a five-year embargo on international transactions on their naira cards. The development comes barely five years after several commercial banks suspended international transactions on naira debit cards. In separate announcements to customers on Friday, July 4, 2025, Wema Bank and United Bank for Africa (UBA) stated that the service has been reactivated on their naira cards. In the UBA announcement, the ban…

UBA, Wema resume international naira card transactions after 3-yr suspension

Banks Resume International Transactions on Naira Cards, Peg Limit at $1,000

By Dipo Olowookere Nigerians who intend to pay for international services or shop on foreign online stores using their Naira debit cards can now do so without hassles as the Central Bank of Nigeria (CBN) has lifted the restrictions. In early 2023, under the regime of the embattled former Governor of the Central Bank of […]

What Naira Cards Going Global Again Means for Nigerians

Nigerians can finally ditch costly virtual dollar cards and third-party financial technology (FinTech) platforms because naira cards are in vogue again. With some banks, including United Bank for Africa (UBA), Wema Bank, and Guaranty Trust Bank (GTBank), now reactivating international transactions on their naira debit cards, local customers no longer need to pay exorbitant dollar […] The post What Naira Cards Going Global Again Means for Nigeria…

GTB, UBA resume international transactions on naira cards with varying spending limits

Several Nigerian commercial banks have resumed international transactions on Naira-denominated debit cards, after nearly three years of suspension, allowing customers to make payments on global platforms once again.   The post GTB, UBA resume international transactions on naira cards with varying spending limits  appeared first on Nairametrics.

Nigerians React as Banks Resume International Transactions on Naira Cards - Blackbox Nigeria

Ghazali Ibrahim Nigerians are expressing cautious relief as several commercial banks have resumed allowing international transactions on naira-denominated debit cards, a move many hope will ease years of frustration with foreign payments and reliance on costly alternatives. The decision, which marks a significant shift in banking operations, comes after years of restrictions imposed due to foreign exchange (FX) scarcity and liquidity pressures. …