Naira Cards Go Global Again – UBA, GTBank, Wema & FirstBank Resume International Transactions

Nigeria’s top banks are cautiously re-enabling international transactions on Naira debit cards, a move that signals improving forex stability and partial easing of CBN restrictions. ? UBA (June 2025) Card Types: Gold, Platinum, World (Premium only) Channels: ATM, POS, Online Limit: Not disclosed Note: Likely high limits targeting premium customers. ? GTBank (July 5, 2025) Card Types: All Naira Debit Cards Limit: $1,000 quarterly ($500 ATM + $1,000 POS/Online combined) Channels: ATM, POS, Online Note: Hard cap with detailed structure. ? Wema Bank (July 2025) Card Types: Mastercard & Visa (incl. ALAT) Limit: $500 monthly Channels: POS, Online Note: Low but flexible cap for standard users. ? FirstBank (July 2025) Card Type: FirstBank Naira Mastercard Limit: $500 monthly (cumulative) Channels & Limits: ATM: ?5,000 fee/use, max 10x/day POS & Web: 20x/day, no cross-border fee ?? Comparison Table Bank Rollout Date Card Type(s) Monthly/Quarterly Limit Fees UBA June 2025 Premium Naira Cards Not Disclosed Unknown GTBank July 2025 All Naira Debit Cards $1,000/quarter ($500 ATM) None stated Wema Bank July 2025 Mastercard, ALAT, Visa $500/month None FirstBank July 2025 FirstBank Naira Mastercard $500/month ?5,000/ATM use only Implications for the Naira This policy shift reflects cautious optimism in FX liquidity. Enables limited access to foreign spending without dollar cards. May slightly ease pressure on parallel market, especially for online shoppers. Regulatory caution remains: all banks are still enforcing caps and selective access.

Legacy contact: Don Richie | Phone: +2348063973427 | Email: [email protected]