The Central Bank of Nigeria (CBN) has directed all banks and other financial institutions to ensure the seamless acceptance and use of foreign-issued payment cards across the country, as part of efforts to improve access to funds and enhance convenience for tourists and Nigerians returning from the diaspora.
The directive was contained in a circular dated December 18, 2025, with reference number FPR/DIR/PUB/CIR/01/012, addressed to banks, payment service providers and other financial institutions operating in Nigeria.
According to the CBN, the move is aimed at guaranteeing uninterrupted local currency withdrawals, payments and transfers for holders of foreign-issued cards nationwide, while strengthening confidence in Nigeria’s payment ecosystem.
The apex bank explained that the measure aligns with its ongoing reforms to improve user experience, enhance transaction security and promote Nigeria as a more accessible destination for international visitors and returning Nigerians.
Under the new guidelines, banks and non-bank acquirers are required to ensure that all Automated Teller Machines (ATMs), Point of Sale (POS) terminals and virtual payment platforms are fully configured to accept international cards supported by Nigerian acquirers. Institutions must also comply with global card association standards and possess all required certifications to process transactions without disruption.
The CBN further directed financial institutions to maintain high system availability to minimise transaction failures and ensure reliability across all payment channels.
In addition, banks are required to implement multi-factor authentication for cash withdrawals and online transactions above approved thresholds, as part of measures to strengthen fraud prevention and customer protection. Strict compliance with existing cash withdrawal limits was also emphasised.
The CBN said the directive is expected to enhance convenience for users of foreign cards, boost confidence in Nigeria’s electronic payment infrastructure and support broader efforts to deepen financial inclusion and economic activity.
