Nigerian banks are expanding customers' access to dollar-denominated payments. This change comes after years of restrictive international transaction limits due to foreign exchange shortages. Banks such as GTCO, FirstBank, and Zenith Bank are raising dollar spending limits.

The easing of foreign exchange scarcity is driving this shift. As a result, customers will have greater access to international transactions.

Further details on the new spending limits and the banks involved can be found through the source.