Good news grreat people especially for those of us that are in Nigeria that do travel abroad regularly, things are getting better in the banking sector following the Naira's gradual improvement over the dollar. Some of the banks are now lifting the limitations placed on our Naira master card. You don't need to stress yourself anymore to get dollar master card or a virtual credit card because your naira master card can now be used to shop on foreign websites.
Ecobank was the first to lift the limitation from $300 to $3000 per month and Guaranty Trust Bank (GTB) also followed suite by reviewed the international spend limitation, upwards from $100 to $1000 per month.
Just has GTBank pulled off, the United Bank for Africa (UBA) has lifted the limitation on their Naira debit card from $100 to $1000 per month.
If you happen to be a UBA customer, you can now use your Naira debit card and prepaid card to shop internationally to up to $1000 in a month. Also, you can withdraw with your naira ATM card in any part of the world but with a limit of $100 per day.
Important Information: Unfortunately, this new limitation by UBA is only for a short period of time as it will only last from now till the 31st of August 2017. For those who might want to use their UBA card for online payments, note that the current exchange rate is around N385/$ for now.
I don’t know why it’s for a limited time but hopefully, the time will still be extended. Mean while we can take advantage of the opportunity, especially to shop online
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