Naira Cards Go Global Again as FX Reforms Unlock Dollar Limits and Cross-Border Fintechs Pounce

Nigerian banks are racing to restore international spending power after years of FX drought — and the numbers are staggering. GTBank just raised its quarterly dollar spending limit to $40,000, a 566.7% increase from the $6,000 limit it imposed just four months ago in May 2026. Zenith Bank now allows up to $50,000 annually on naira cards, FirstBank expanded its Naira Mastercard to $10,000 quarterly, and Stanbic IBTC doubled its threshold from under $5,000 to $8,000....