UBA Plc in a mailing to clients today said its cards, VISA and Mastercard, can be utilized by Nigerian holders abroad.
The declaration serves as respite for Nigerians, in the midst of the tightening of foreign exchange uses by the Central Bank of Nigeria , comes with some condition.
Most importantly, card holders must inform their bank that they were leaving Nigeria, no less than 24 hours before leaving Nigeria.
Two, the card holders are constrained to an every day withdrawal of $300 on ATM. In any case, there is no restriction on POS and web exchanges.
Three: In Asia, the cards are however not enabled for ATM withdrawals, but rather POS and web exchanges will cruise through, the bank said.
Four, In Europe and America, the cards can likewise be utilized for web and POS exchange, in addition to $300 maximum ATM withdrawals.
Nigeria’s foreign exchange reserves declined around 16% in the last one year to $29 billion, as oil pay was antagonistically influenced by poor costs in the worldwide business sector.
