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CBN bans dollar charges on domestic transactions

By Chinyere Treasure Mbadiwe
1 Min. Read

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……

Chinyere Treasure Mbadiwe
Chinyere Treasure Mbadiwehttp://wakadaily.com
Chinyere Treasure Mbadiwe is the Co-founder and CEO of Wakadaily News. With a B.Sc. in Business Administration from the National Open University of Nigeria (NOUN), she brings a wealth of leadership and strategic expertise to the platform. Chinyere is passionate about delivering high-quality, engaging news that informs and empowers audiences. Her vision for Wakadaily is to create a space where reliable, diverse, and impactful content connects people and fosters informed conversations.
Reading time: Less than 1 min.

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