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

Will naira cards rise again after three years hiatus? - NewsTmes.com.ng

As naira cards become usable on dollar payment channels amid stiff competition from fintech, COLLINS OLAYINKA and HELEN OJI examine how the reinstatement of the essential service could ease pressure on the parallel market, enhance transaction convenience for individuals/small businesses as well as the urgent responsibility before the Central Bank of Nigeria (CBN) in sustaining … The post Will naira cards rise again after three years hiatus? appe…

#NairaLife: This Product Manager Is Uncertain About the Next Phase of Her Life

Every week, Zikoko seeks to understand how people move the Naira in and out of their lives. Some stories will be struggle-ish, others will be bougie. All the time, it’ll be revealing. Grow your wealth in both dollar and naira, earning up to 15% in USD and 25% in naira. With flexible rates that move with the market, you can switch between wallets anytime to match your financial goals. Start here. What’s your earliest memory of money? In SS 3, a…

Nigerian Banks Resume Naira Card International Transactions, But With Tight Limits

After nearly three years of restrictions driven by severe foreign exchange (FX) shortages, several major Nigerian commercial banks have resumed international transactions on Naira-denominated debit cards — a move signaling renewed confidence in Nigeria’s FX market and the Central Bank’s management of foreign currency flows. Customers of top-tier institutions such as Guaranty Trust Bank (GTBank), […] The post Nigerian Banks Resume Naira Card Inte…

Nigerian Banks Reactivate International Spending on Naira Debit Cards After Three-Year Suspension

Several Nigerian commercial banks have resumed international transactions on Naira-denominated debit cards, allowing customers to once again make payments on global platforms after nearly three years of suspension. The move marks a significant step toward easing everyday banking for Nigerians who, since 2022, had been unable to use their Naira cards for services like Apple subscriptions, Twitter Premium, Netflix, and other international payments…