Site Login

Lost your password? (close)


Welcome, Guest: Join SILIVALLY / / Advertise / Privacy / Recent / Terms and Conditions / News
Stats: 11 members, 6710 topics. Date: Tuesday, 28th March 2023 at


All Domestic Transactions Must Be Naira

SILIVALLY / / All Domestic Transactions Must Be Naira (15 Views)

(0) (Reply)

All Domestic Transactions Must Be Naira by : 3:03 pm On January 27, 2023

With the launch of the National Domestic Card scheme, Afrigo, the Central Bank of Nigeria (CBN) has said it will be coming up with a deadline for the existing card schemes in the country afterwhich they will no longer be eligible for domestic transactions.

Speaking at a virtual launch of the card scheme on Thursday, the Governor of the CBN, Godwin Emefiele, said: “all domestic transactions that are going to be conducted in Nigeria will have to be through the Nigerian domestic cards.”

Noting that the domestic card scheme avails the country “the sovereignty of our data” in addition to coming at a lower cost, Emefiele added that “at this time when foreign exchange challenges persist globally, it is important that we have this card to ensure that all card transactions, online transactions where you’re using cards will now effectively immediately begin to go on the Nigerian National Domestic system.

At some point in the next few weeks, I’m sure that the CBN will come up with the cut-off. We will no longer pay dollars for those cards, for the charges on those cards.”


(0) (Reply)

SEE WHAT THE KIDNAPPERS ARE DEMANDING FOR / 2023 ELECTION: SEE NBA DEMAND / A 19-Year-Old Rape Victim / President Muhammadu Buhari Has Congratulated Him / SEE WHAT AHMED MUSA NOW ACHIEVE /  

(Go Up)

Put your Text Adverts Here...

Sections: Featured Posts on Front Page (6709) Uncategorized (2)

Links: (0) (1) (2) (3) (4) (5) (6) (7) (8) (9)

SILIVALLY - Copyright © 2019 - SILIVALLY. All rights reserved. See How To Advertise.
Disclaimer: Every member is solely responsible for anything that he/she posts or uploads here.