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    CBN bans dollar charges on domestic transactions

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    Afrigo, the Nigerian National Domestic Card Scheme, has been introduced by the Central Bank of Nigeria (CBN).

    The Central Bank of Nigeria’s Governor, Mr. Godwin Emefiele, announced the virtual launch of the card this morning and said that all transaction fees on cards going forward, with the exception of overseas transactions, will be paid in naira.

    According to Mr. Godwin Emefiele: “Afrigo would be cheaper and would be a matter of national pride, with the potential to boost financial inclusion.”

     

    More details later……

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    Queen Ferry
    Queen Ferry
    Chinyere Treasure Ikechukwu known professionally as Queen Ferry, is a Nigerian business Executive, Journalist and Content Editor. She serves as the Vice-Chairman of Naijatraffic Limited and also the CEO of Wakadaily. If Treasure is not blogging, she will be making delicious delicacy.

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