CBN Announces Ban On Dollar Charges On Domestic Transactions

The Central Bank of Nigeria has banned the payment of charges in dollars for transactions made within Nigeria.

The apex bank’s governor, Godwin Emefiele stated this on Thursday at the Nigerian National Domestic Card Scheme launch, Afrigo.

Launching the card virtually, this morning, the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, said that transaction charges on all cards would henceforth be paid in naira, except for international transactions.

According to him, Afrigo would be cheaper and would be a matter of national pride, with the potential to boost financial inclusion.