Nigerians abroad, mostly students, yesterday took to the streets to protest CBN's proposed ban on naira-denominated debit/credit cards for dollar-denominated transactions.
The ban is to take effect from January 1, 2016. Nigerian banks will not allow their customers use naira-denominated debit/credit cards for transactions denominated in forex.
This means also that bank customers will not be able to use their cards to buy products from foreign e-commerce sites like e-bay and amazon.com in which payments are made in forex.
Different photographs of placard-carrying protesters had gone viral on the Internet on Saturday, in which the youths stated that they needed the payment cards to survive.
This means also that bank customers will not be able to use their cards to buy products from foreign e-commerce sites like e-bay and amazon.com in which payments are made in forex.
Different photographs of placard-carrying protesters had gone viral on the Internet on Saturday, in which the youths stated that they needed the payment cards to survive.
