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    MarketForces Africa » MarketForces News » Naira Debit Card FX Rate for Online Payments Improved

    Naira Debit Card FX Rate for Online Payments Improved

    Julius AlagbeBy Julius AlagbeSeptember 1, 2025Updated:October 20, 2026 News No Comments1 Min Read
    Naira Debit Card FX Rate for Online Payments Improved
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    Naira Debit Card FX Rate for Online Payments Improved

    Daily exchange rate for foreign payments conducted by banks customers improved to N1542 per dollar on Monday, from N1545 reported last week. According to GTBank, international payment on its naira debit card was consummated at N1542 for international payment settled via Naira Mastercard on Monday.

    The naira debit card quoted for FX payment suggested that exchange rate improved versus last week. In the parallel market, the local currency traded at N1540 per dollar, gained N5 from last week spot rate.

    At the official window on Monday, the naira was quoted at N1526 per dollar, and it hit the intraday low of N1522.  MarketForces Africa channel check showed that GTBank buys dollar from customers at the rate of N1530 per dollar last week. #Naira Debit Card FX Rate for Online Payments Improved FGN Bond Auction: Robust Demand, Rising Yields Signal Strategic Shift Toward Fixed Income

    Naira Debit Card Online Payments
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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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    Nigeria Money Market Braces for ₦800bn Treasury Bills Auction

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    Nigeria Money Market Braces for ₦800bn Treasury Bills Auction

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