₦airaland Forum

LegendHero:
Two commercial banks in Nigeria have announced the resumption of international transactions on their naira cards.

In separate announcements to customers, United Bank of Africa (UBA) and Wema Bank said the service has recommenced on their naira cards.

The development comes about three years after many banks suspended international transactions on naira debit cards.

In a recent notice to customers, the UBA said the resumption aligns with its continued commitment to providing clients with seamless and enhanced banking experiences.

“In line with our continued commitment to providing you with seamless and enhanced banking experiences, we are pleased to inform you that all UBA Premium Naira Cards, including Gold, Platinum, and World variants are now enabled for international transactions,” the statement reads.

“This means you can now use your Premium Naira Card for everyday payments, online shopping, POS, and ATM transactions across the world, with more ease and flexibility.

“If you haven’t used your card recently, now’s a great time to rediscover the convenience and prestige that comes with being a UBA premium cardholder.”

Also announcing the development in a recent statement, Wema Bank said customers can now “pay in dollars” with their naira cards.

“Your Wema Naira Mastercard just went global! Now you can pay in dollars on all your favourite international platforms; Amazon, eBay, AliExpress? Netflix, Spotify, YouTube,” the bank said.

WHY BANKS ARE MAKING THE SHIFT

Ayokunle Olubunmi, head of financial institutions ratings at Agusto & Co, said the improved liquidity in the foreign exchange (FX) market supported banks’ decision to reactivate their naira crads for global transactions.

“The moderating premium on the parallel market transactions and the reduced arbitrage opportunities is also responsible for the decision,” he said.

Also speaking with TheCable, Charles Sanni, the chief executive officer (CEO) of Cowry Treasurers, said the spread or margin between official and parallel market rates, which have thinned out, may have influenced the decision by the banks.

He said the interest rate is very high in Nigeria, hence minimising borrowing money to speculate on foreign exchange.

“The naira has also continued to appreciate against the other major currencies of the world. More so, there has been increased diaspora remittances based on the new policy of the Central Bank of Nigeria (CBN) on opening of accounts for non-residents, particularly Nigerians in diaspora,” he said.

Sanni also cited the restored confidence in FX management by the federal government and the CBN, following the ease of transferring funds and capital repatriation.

The CEO said there has been an improved credit rating of Nigeria, clearance of the FX backlogs, “new trading platform, increase in oil prices from geopolitical conflicts, and banks capitalisation”.

Between July 2022 and January 2023, several other banks also temporarily suspended international transactions on ATMs and POS channels.

The shift was a result of the chronic FX scarcity, which threatened the survival of key sectors of the economy.

In July, Standard Chartered Bank suspended international transactions on its naira visa debit card.

First Bank of Nigeria (FBN), on September 21, 2022, said it will suspend international transactions on its naira Mastercard.

Three months later, Guaranty Trust Bank (GTBank) stopped global payments on its naira Mastercard, with Zenith Bank joining the fray on January 9, 2023.

Flutterwave, Eversend, and other financial technology platforms also made similar moves, suspending their virtual card services for international transactions.

Source: https://www.thecable.ng/after-years-of-suspension-nigerian-banks-resume-international-transactions-on-naira-cards/

I've been using Providus bank card for international payments since last year

Amuluonyenaego:
Most families in Nigeria now are on 101 cos of the condition tinubu put us into.

Una sabi lie for this country eh!
Even before Tinubu, most people run 101 or 011 especially on weekdays.

Racoon:
Source -
https://www.thecable.ng/kwankwasos-dilemma/

Rubbish!
Buhari who destroyed the system has not been hung yet, it's Tinubu who is making the hard but necessary decisions to reset the economy that's a villain. Yeye dey smell.

2cribz:
No matter the stop,never drive or follow them to the police station.cos once u do
Hahahahaha. U go pay like white
They just obtained u cos u don't know ypur right and probably were scared and a loner.im sure u r not up to 30 or so. Wtf . 82k. For a crime of maybe 1k 2k
Men dem really catch big fish sha. To make the case hard.u paid in cash. Kai I rem when I was obtained 30k 4years ago.gawd.npf.

Crime where?
This is a clear case of police extortion.

Ironfaceman:
Is Kanye West part of bad boys record. I talking artist like.....

Faith Evans
Mase
112
Shyne
The lox
Janelle
Young juc
French montana
Pitbull
Machine gun Kelly
B5
Foxy. Brown
Mario
Day26
Dream
Etc.....

Let's be honest. Nothing against Diddy, but he ruined people more than he helped them.
And you even added Mase? Lol Diddy messed up Mase's life and career, and couldn't resuscitate it afterwards.

success1smyn:
Read again brother, this thread is not about why, it's for people comparing APC's formation and ADC's coalition.

Get that right.

Don't bother, they don't read. Just emotional babble.

success1smyn:
Nigeria’s political landscape is never short of drama, but let’s stop the comedy—comparing the newly "adopted" ADC by a group of political journeymen to the monumental formation of the APC is like comparing a WhatsApp group to a merger of corporations.

Let’s dissect it with FACTS, not fanfare:

1. APC Was Formed—ADC Was Adopted. The APC was a carefully structured party, not a rented vehicle for disgruntled elements. It wasn’t adopted overnight; it was built. It emerged from the vision of merging parties, not patching up political orphans.

2. Real Parties, Not Political Orphans. The APC was the result of powerful political parties—ACN, CPC, ANPP, and a major faction of APGA—surrendering their entire structures. These were organized national machines, not defectors or leftovers. Today’s ADC “coalition” is a collection of political ‘freelancers’ looking for a platform, not building one.

3. APC Was a Force, Not a Protest Movement. By 2013, even before their merger was completed, the handwriting was already on the wall: Jonathan was vulnerable. The APC tapped into the public anger against the PDP government with a formidable structure. Today’s Tinubu-led APC, despite its controversies, is gaining ground with elected opposition members crossing over daily. That was never the case with Jonathan’s PDP.

4. PDP Was Cracking Then, APC Is Solid Now. In 2013, PDP was like a glass already cracking under pressure. Remember the New PDP (nPDP)? It gave the APC tailwind. In contrast, the current APC is more united than the PDP of today, and ironically, it’s PDP that now suffers from internal bleeding.

5. ADC Was Not Formed By a Merger. What serious party has collapsed its structure into ADC? Zero. Nada. Nil. When APC was formed, it wasn’t individuals jumping ship; it was parties giving up logos, flags, manifestos, and machinery. ADC today is just a borrowed bus stop for those tired of being lonely.

Conclusion: If you're among those pushing the narrative that the ADC "coalition" is the next APC, please stop. History and structure don’t lie. One was a calculated merger of power blocs; the other is a rushed adoption by people with nowhere else to go.

Let’s call it what it is—not a revolution, but a reunion of former housemates looking for a new season.

You've made solid points. And I think I agree with you on this.

Lithiumite:
.
Not a fan of sports cars,just don't fancy them, don't know why

Now, I'm having a rethink about them. I'll just stick to SUVs.

TONYE001:
The idea of arresting before working up a case as done by Nigerian security agencies is appalling.

You have limited evidence, limited or no witnesses, but you hastily arrest and publish the case with pictures of the possibly innocent person.

Even though the case has been struck out now, this man's name is now forever attached to this defilement case....what if he's innocent? Who will go about deleting all the embarrassing details online? How will this affect his life moving forward?

Nigerian security agencies must learn to do their due diligence before going public. I'm particularly targeting the EFCC and the NPF on this post.

Their lazy approach of arresting anyone and muscling out statements from them should stop. They should do better.

I agree with you. Mediocrity in almost every sector in Nigeria.

franchasng:
APC is a gathering of betrayals.


Bola Tinubu - betrayer

Nyesome Wike - serial betrayer

Reno Omockery - worthless betrayer

Ifeanyi Okowa - senseless betrayer

Daniel Bwala - shameless Betrayer


Now add Kwankwaso to the list, very anyhow people forming elites

Obi has betrayed Apga and pdp.

Atiku has betrayed pdp and Apc.

Which saint do u intend to vote for in 2027?

Exousiang01:
Did you find out your wife was an introvert after your wedding?

Are you asking us for an advice on how to convert your wife to an extrovert??

You are obviously an extrovert, now how will you feel if your wife suddenly ask you to become an introvert??


You are a clear example of why we discourage children from going into marriage.

You should attained some level of maturity before going into marriage

One bottle of big Stout for you.

ruggedtimi:
Before i buy a phone...i look out for the basic things i need in the phone, Most andriod phones this days come with 5000mah..So battery isnt a problem for me...Features like
i. AMOLED or super Amoled display
ii. RAM ( Minimum 8g)
Ii CAMERA atleast 50Mp/selfie 30mp
Ii. Software update upto 5yrs
Ii. If the phone heats up when using.
Ii Water/dust resistant level atleast: IP67
And most especially an affordable price.


This is basically what i always look out in a phone in the last 3 years. Not because Mr A buy I also want to buy, that is the story of most iphone users.

Yes. This is a good specification guide to note.

agulion:
Anything but not Tinubu is ok, dude is as useless as the P, in psychology

Anything but Jonathan landed us with Buhari.

Una done start with that same line again abi?

AmazingELixir:
All you guys know is to criticize everything, meanwhile if you're asked what you've contributed towards the advancement of humanity...that is even asking too much lets start by asking what you've contributed to your immediate family..I'm very sure there's nothing.

Exactly what I was going to ask him.

Jonjam269:
The same recycled rhetoric again. It seems some people never learn—or prefer to learn the hard way. First, it was “Tinubu won’t win the primaries,” then “He won’t win the election,” followed by “He won’t survive the tribunal,” and even laughable claims that “The CIA will arrest him.” Now it’s “Tinubu is gone.” Time and again, your propaganda, lengthy epistles, and emotional outbursts collapse like a house of cards. Get ready—2027 will bring another resounding defeat.

Very funny people!
They think wishful thinking is how elections get won.

Commentor:
What bills of impact did Saraki put forward?
I'm curious.

Don't mind the emotional kids in Nairaland. The enemy of their enemy is automatically a good person.

Putindbutt:
Why would you leave cow business to only the fulani and you're complaining?. We had ranches during regional system, we can bring it back.

💯

The Eastern regional government established the Obudu cattle ranch in Cross River state.

Felicox:
This for me is a very unwelcomed news. It shows that we are still thinking backwards. This is an area that could create thousands of real job's that will employ people and further boost the economy, but our government would rather go back to this backward idea of shutting down businesses and restricting movements in the name of sanitation. The government should create a robust environmental clean up arm, employ people, and pay them through reasonable taxation of businesses. I'm sure the business owners would definitely be happier to pay a token, than to be asked to shut down their businesses. Besides most businesses are already illegally making such payments to louts, all the government has to do is to create an effective channel of payments and monitoring.

Exactly. 💯

It's unfortunate that we have too many backwards people in government.

Talismann:
so nobody dey use bra!n write anything again these days, na so so chatgpt

Because nobody knows it all na.
Chatgpt is a good tool for doing research.

Talismann:
as them ban you the first time you no wan still give up abi

Na because I do copy and paste from chatgpt wey trigger Nairaland bots.

The initial post had so many strange characters in it.

Nonetheless, I wanted to pass the message.

Talismann:
black man brain and stoopidity is like five and six.
That's how Benue governor named that their Benue state university to rev Fr Adashi ... Wey stay him own

Don't let self-hate consume you!

European Public Universities Renamed in Honor of a Person

Humboldt University of Berlin
Country: Germany
Named after: Wilhelm and Alexander von Humboldt (scholar and explorer)

Université Paris Descartes (Paris V)
Country: France
Named after: René Descartes (philosopher and mathematician)

Karl-Franzens-Universität Graz
Country: Austria
Named after: Emperor Franz I and Archduke Charles (Karl Franz)

Maria Curie-Skłodowska University
Country: Poland
Named after: Marie Skłodowska-Curie (Nobel Prize-winning scientist)

Alexandru Ioan Cuza University
Country: Romania
Named after: Alexandru Ioan Cuza (first ruler of unified Romania)

Paisii Hilendarski University of Plovdiv
Country: Bulgaria
Named after: Paisii Hilendarski (Bulgarian National Revival figure)

University of Niš – Faculty of Philosophy
Country: Serbia
Named after: Filip Višnjić (Serbian poet and national figure)

Semmelweis University
Country: Hungary
Named after: Ignaz Semmelweis (pioneer of antiseptic procedures)

Lomonosov Moscow State University
Country: Russia
Named after: Mikhail Lomonosov (scientist, polymath)

Ivan Franko National University of Lviv
Country: Ukraine
Named after: Ivan Franko (Ukrainian poet and thinker)

Vytautas Magnus University
Country: Lithuania
Named after: Vytautas the Great (Grand Duke of Lithuania)

Reptyle:
why do students of a government institution feel like they have a say into what the owner of an institution decides to name it.??

They do. It's their school and alma mater.

Government belongs to us all. The governor is not a Lord, and the students are not peasants. Everybody has a say.

jesmond3945:
i live in uk too. The system is different. Here you are on your own. Also, the reason why most men have nothing to show after years in abroad is because of this. If you are not doing 50 50 with your wife my brother you would not achieve anything and the worst you might work yourself to death. Anyone that advises you otherwise hates you. With 50 50 with my wife we built 2 properties in Nigeria, we bought a house in uk, we bought cars in uk, we help people back home, we travel too. Like i said this is an advise. Many men in uk are regretting for chesting bills alone. Uk was created for household income.

💯

You've said it all my brother.

SarkinYarki:
Why January, this is how you spoil people's financial year , new policies should always be implemented I. The 2nd qtr of the year

President Bola Ahmed Tinubu has signed the Tax Reform Bills into law, which makes a major shift in our tax system. As a Nigerian, this new law directly affects you.

So this is a simple breakdown of the law, read to see how it impacts you.

1. FIRS Renamed: The Federal Inland Revenue Service (FIRS) is now called the Nigeria Revenue Service (NRS).

2. Unified Revenue Collection: The NRS will now handle revenue collections previously managed by agencies like the Nigeria Customs Service, NUPRC, NPA, and NIMASA.

3. Low-Income Relief: Workers earning ₦800,000 or less annually are now exempted from income tax.

4. High-Income Tax: A 25% personal income tax applies only to individuals earning above ₦50 million annually.

5. Small Business Exemption: Small business owners are fully exempted from paying income tax.

6. Corporate Tax Cut: Starting in 2026, company income tax for medium and large firms will be reduced from 30% to 25%.

7. VAT Exemptions on Essentials: There is no VAT on essential items like food, medical services, pharmaceuticals, school fees, and electricity.

8. No Tax Hike: VAT remains at 7.5%, and corporate income tax stays at 30%—there has been no increase.

9. New Development Levy: A 2%–4% Development Levy will now fund critical national institutions like NELFUND, TETFund, NITDA, and NASENI.

yahyus:
Obasanjo was bitter about elrufai simply because he and Atiku jettisoned his third term ambition.

Two truths can co-exist

El-Rufai is a terrible politician and an even worse person. Too much bile in the man

Obasanjo's book said it all; 'El-Rufai is only about himself'.

Keep ruining Nigeria's image abroad.
Very soon Ghanaians would start treating Nigerians like South Africans do. So sad and shameful.

correctguy101:
My brother...

Help me ask dem o.

This is a question I've asked people both offline and online, and the only sensible thing for them to do is use God as a way of escape or maybe they're trying s hard to convince themselves.

Let's imagine some God has given the Fulani the deeds and permission to "achieve" Benue. So wetin make those whose ancestors have been living there do?

Robbery is robbery, no matter how you try to use words and whatever justifications to twist it.

Until e reach pesin, most people no dey understand say na pesin family be dead body.

You're on point.

The Fulani actually make claims that the indigenous farmers encroach into the cattle routes of their ancestors.

aribisala0:
If they bring some black people from America and they say Onitsha is their father's land should Onitsha people pack out for them

It's just an unfortunate situation. I feel for the Palestinians.

Tonyamadi:

https://www.youtube.com/watch?v=GAeExh9Exfw?si=e7kB-8IJRCc5i1Cp



https://dailypost.ng/2025/06/14/dr-philip-o-ozuah-redeems-1m-pledge-as-block-c-is-commissioned-at-college-of-medicine-university-of-ibadan/

Wow!! This is commendable.
God bless him

CoronaVirusPro:
Is he the president of Africa or constitutionally mandated to help Africa? He is the president of the US and thereby obligated to ONLY US interest.


Never did I say he was Jesus or a perfect man. He had his own flaws, but still the best and none after him can match.

Keep being fooled by Charisma. That is why 'gods of Men' make their members eat grass because some humans cannot think for themselves.