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GTBank raised its quarterly international card spending limit to $20,000, a sharp jump from the $6,000 cap previously in placeAccess Bank and UBA have also set international card limits for customers, though the figures differ by card type and lenderThe changes come as Nigerian banks grow more confident about foreign exchange availability under CBN’s latest FX reforms
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Several Nigerian banks have raised the spending limits on naira debit cards for international transactions, giving customers broader access to foreign currency as conditions in the country’s foreign exchange market improve.
Guaranty Trust Bank has set a new quarterly international spending limit of $20,000 for eligible customers.
Nigerian banks relax international card restrictions after FX market gains Photo: BloombergSource: Getty Images
The figure is more than three times the $6,000 quarterly cap
