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    GTBank Sets $20K Quarterly Spending on Naira Debit Card

    Ogochukwu NdubuisiBy No Comments1 Min Read
    GTBank Sets $20K Quarterly Spending on Naira Debit Card
    GTBank

    GTBank Sets $20K Quarterly Spending on Naira Debit Card

    One of the top Nigerian lenders, GTBank Limited, has set a $20,000 quarterly spending limit on its naira debit card, according to a check by MarketForces Africa.

    The bank said in its daily FX rate for international transactions that it will sell the dollar to customers at N1381, reflecting the spot rate movement in the official window.

    The local currency closed at N1372 per dollar at the official window, but GTBank FX sales via its mobile app was quoted at N1350 per dollar.

    The bank said FX rates are subject to change in line with prevailing market conditions. It also added that the quarterly spending limit on customers’ Naira Card is $20,000.

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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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