BusinessDay
Nigeria's leading finance and market intelligence news report.

Banks to stop or limit debit card spending abroad as Nigeria’s FX crisis worsens

From tomorrow Monday, Nigerian banks plan to suspend or reduce the amount their customers can spend abroad using debit cards , two lenders said, as banks try to limit foreign currency settlement risk. It is yet more worrying sign of the country’s worsening dollar shortages made more severe by the sharp fall in the price…



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