Global Trade Alert
Global Trade Alert

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

Announcement

13 May 2015

The Central Bank of Nigeria via a Circular dated at 13 April 2015,  reduced the limit of the usage of the Naira denominated cards overseas from USD 150.000 to USD 50.000 per year.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

13 Apr 2015

Revocation date:

No revocation date

Announced: 13 May 2015
Control on personal transactions In force
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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Harmful Trade Policy Measures

This Thread tracks harmful trade policy interventions affecting all products. Covering all types of interventions monitored by Global Trade Alert, it highlights how the yearly number of these measures has evolved over time.

Published: 04 Sep 2024

71625

interventions

194

jurisdictions