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.
