HomeBusinessCBN Don Show Say International Card Transaction dey Better for Naija

CBN Don Show Say International Card Transaction dey Better for Naija

No go believe am! Central Bank of Nigeria (CBN) don drop fresh order wey go change the game for people wey dey use foreign cards for Naija. Dem don direct banks make dem start to use multi-factor authentication for foreign card transactions. This one no be small matter o! Wetin this mean be say, security go dey tight, and the experience go sweet pass for all the travelers wey sabi use foreign cards.

If you dey travel from abroad or you be Naija person wey dey abroad, this one go ginger your hustle well. CBN wan make sure say withdrawing moeny, paying for items, or doing any transaction with foreign cards go dey smooth like butter. E sure say dem no wan make the experience dey wahala.

As we dey talk, foreign capital wey pour enter Naija don reach $20.98 billion for the first ten months of 2025. Na correct 70 percent increase from last year! This one dey show say investors dey believe say Naija fit deliver. Na because of this confidence, local banks don start to lift restrictions when wey dey hold dem back from allowing naira debit cards for international transactions. Na for this matter, UBA, FirstBank, GTBank, and Wema Bank don scatter ground as dem bring back international transactions for naira cards.

Even customers dey celebrate this fresh gist as banks don promise say dem go give better service as time dey go. CBN Director of Financial Policy and Regulation, Rita Sike, don talk say banks suppose apply same multi-factor authentication for all transactions wey pass $200 per day, $500 per week, and $1,000 per month. Dem go even monitor POS terminals and ATMs make sure say dem dey ready for foreign cards.

CBN boss, Cardoso, don talk say Naija economy don shine well for 2025, as current account balance don climb to $5.28 billion. This one dey happen as our foreign reserves reach $46.7 billion wey be the highest in seven years. E sweet to hear say travelers and business people go fit use them naira cards for international transactions again.

With this improvement, travel plans don just change gear, as you fit now pay your hotel bills or buy your favorite things online without carrying wahala. Banks don unlock foreign spending sharply, and e dey look like say this new move go help improve many people’s lives.

So, my guys, make we just dey enjoy this new international card transaction policy, as e dey make life sweet for us and help our economy recover better! Na so Naija go rise! If you be traveler or person wey dey do business, now na your time to shine!


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Oghene Agbo
Oghene Agbohttps://nnn.ng/
Oghene Agbo na reporter for NNN. NNN dey publish hot-hot tori for Nigeria and around di world for naija pidgin language so dat every Nigerian go fit follow national news, no mata dia level of school. NNN dey only publish tori wey be true-true, wey get credibility, wey dem fit verify, wey get authority, and wey dem don investigate well-well.
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