Global Trade Alert
Global Trade Alert

Nigeria: Reduction of overseas credit and debit card use to USD 50’000

Announcement

13 Apr 2015

In April 2015, the government of Nigeria announced a change in the private sector requirements to balance imports and exports.

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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:

13 Jul 2015

Announced: 13 Apr 2015
Controls on commercial transactions and investment instruments
On 13 April 2015, the Central Bank of Nigeria (CBN) announced a reduction on the use of Naira denominated cards for overseas transactions. The limit was reduced from USD 150'000 to 50'000 per person ...
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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

70711

interventions

194

jurisdictions