This follows a successive cut in debit card limits on international spending by other Nigerian banks earlier in 2022. The bank communicated this through a mail signed by its Head of Deposits, Debits card and Mortgages. It has therefore called on its customers to seek alternative means to sort out their foreign spending.
The decision to suspend the usage of their debit cards internationally might not be far-fetched from the scarcity of foreign exchange. There had been reports that many banks had, in the first quarter of the year, cut down their monthly international spending limit on Naira cards.
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