Wema Bank and other banks in Nigeria have lifted the suspension of international transactions on naira cards.

The Central Bank of Nigeria (CBN) stopped Nigerian banks from international transactions using naira cards and imposed a $20 monthly limit on international transactions with dollar cards.

TheCable reports that the development led to many commercial banks suspending the use of naira cards for international transactions, including web and Point of Sale (PoS) transactions.

Experts say that the move has caused untold hardships to many Nigerians and small businesses which lacked dollar cards for international or online transactions.