NIGERIAN CARD DENOMINATED ABROAD AS BEN BRUCE TAKES OFF TO TWITTER

In January 1, 2016, the e Central Bank of

Nigeria (CBN) ordered commercial banks

to stop customers from using their debit

and credit cards abroad in order to

slow the flow of foreign exchange out of

the country.

The ban is meant to prevent Nigerans

from using their naira-denominated credit

and debit cards for transactions that are

denominated in foreign currencies, either

locally or when they travel abroad.