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Nigeria: The Central Bank of Nigeria reduces the limit of the usage of the Naira denominated cards oversees

Description

The Central Bank of Nigeria via Circular TED/FEM/FPC/GEN/01/009, effective from 13 April 2015, introduced a reduction at the total limit concerning the usage of the cards denominated in the national c...

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Intervention Details

Intervention Type

Control on personal transactions

MAST Chapter

Capital control measures

Implementation date

13 Apr 2015

Revocation date

No revocation date

Implementation level

National

Affected flow

Outward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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