CBN Reviews Spending Limits on Naira MasterCard

Central Bank of Nigeria's (CBN) have decision to reduce the FX annual spending limit on Naira MasterCard from $150,000 to $50,000 and ATM cash withdrawal limit from $2,500 to $300.

This means that you can spend up to $50,000 in a year using your GTBank Naira MasterCard when abroad (shopping online at foreign stores, ATMs and POS).

In addition, the daily cash withdrawal limit for the Naira MasterCard has also been reduced to $300 per day.