CBN bans dollar charges on domestic transactions, launches new card, AfriGo

The Central Bank of Nigeria (CBN) has launched the Nigerian National Domestic Card Scheme, AfriGo, aimed at creating a more robust payment system that would drive financial inclusion in the country. Launching the card virtually, this morning, the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, said that transaction charges on all cards would henceforth be paid in Naira, except for international transactions. According to him, AfriGo would be cheaper and would be a matter of national pride, with potential to boost financial inclusion. Emefiele said, “The National Domestic Card avails us the sovereignty of our data. Secondly,

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