Armed with improved dollar liquidity, Nigerian banks are resuming naira card payments for international school fees and medical bills after a lengthy freeze brought on by acute FX shortages.
GTCO and Ecobank are already engaging their customers on the new development.
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GTCO said in a notice to its customers, “pay international tuition fees directly from your naira account.” The bank said customers can do so by visiting the application portal on its website to register, select Form ‘A’ application for education fees.
Sources say other banks are poised to follow suit as Nigeria turns the page on acute dollar shortages that upended the economy.
Details to follow…
Hope Moses-Ashike
Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks.
She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings.
Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.
