Breaking: CBN Bans Dollar Charges On Domestic Transactions

The Central Bank of Nigeria (CBN) on Thursday morning launched the Nigerian National Domestic Card Scheme, Afrigo.

According to the CBN Governor, Godwin Emefiele, transaction charges on all cards would be paid in naira.

He, however, stated that in the case of international transactions, charges can be paid in dollars.

According to him, Afrigo would be cheaper and would be a matter of national pride, with the potential to boost financial inclusion.

More details later…