FG,CBN bans credit card use abroad


FG bans credit card use abroad
Nigeria’s central bank has ordered commercial banks to stop customers from using their debit and credit cards abroad, a source has told the BBC.



One bank has emailed customers to this effect, stressing it is a “temporary measure”.



Access to foreign online retailers will also be affected when the ban takes effect on 1 January 2016.



It is part of the government’s effort to try to stem the flow of foreign exchange out of the country.



The unofficial value of the Nigerian currency, the naira, has plunged because of the fall in the oil price – its main export
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My names are Dalamu Oluwatosin Abiodun, hailed from Ijebu North Local Government Ogun State, I acquire my First Degree in Computer Science/ Mathematics (B.sc Computer Science) at Olabisi Onabanjo University Ago Iwoye Ogun state. I am a programmer. I like reading, writing and exploring.
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