CBN mandates multi-factor authentication for foreign card spending above $200 daily 

The Central Bank of Nigeria has directed all banks and other financial institutions to implement multi-factor authentication for foreign card transactions exceeding $200 per day, as part of new measures to improve the seamless use of foreign-issued payment cards in Nigeria. The directive was contained in a circular dated December 18, 2025, issued by the […] The post CBN mandates multi-factor authentication for foreign card spending above $200 daily  appeared first on Nairametrics.