GTBank Raises Naira Card Dollar Limit to $6,000 Amid Improved Liquidity

Guaranty Trust Bank (GTBank) has raised the dollar spending limit on its Naira cards to $6,000 per quarter, a 500% increase, citing improved liquidity in Nigeria's foreign exchange market. This adjustment, effective from July 2025, is subject to market conditions.

The decision was not directed by the Central Bank of Nigeria (CBN) but was based on GTBank's internal policies. Ayokunl Olubunmi, a financial expert, explained that the move was a result of the bank's liquid position and support for cross-border transactions.

This change marks a significant reversal from 2022 when Nigerian banks were forced to slash international spending limits on Naira cards due to a severe dollar shortage.