A purported plan by the Central Bank of Nigeria (CBN) to halt all foreign (non-Naira) transactions on Naira ATM, Debit and Credit cards from January 1, 2016, has met with opposition from some Nigerian students studying abroad, who said it would put them under unnecessary constraints.
A communication by the apex bank to some commercial banks said the decision to halt the transactions was to shore up the nation’s foreign exchange reserve.
The students wielding placards took to the streets in protest, calling on the Federal Government to find an alternative solution to the problem.
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