Implications of the CBN’s Directive on Foreign Card Acceptance Across ATM Terminals for International Travelers.
By Daniel A. Ochonma- The Central Bank of Nigeria (CBN) has directed all banks and payment acquirers to configure their ATMs, POS terminals, and virtual channels to accept foreign‑issued cards. The policy is designed to improve transaction continuity for international visitors, support tourism, formalise diaspora engagement and remittances, and align Nigeria’s payment ecosystem with global […]