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FX liquidity revives naira payment for foreign school fees, medical bills

JULY 29, 2025

Armed with improved dollar liquidity, Nigerian banks are resuming naira card payments for international school fees and medical bills after a lengthy freeze brought on by acute FX shortages.

GTCO and Ecobank are already engaging their customers on the new development.

GTCO said in a notice to its customers, “pay international tuition fees directly from your naira account.” The bank said customers can do so by visiting the application portal on its website to register, select Form ‘A’ application for education fees.

Sources say other banks are poised to follow suit as Nigeria turns the page on acute dollar shortages that upended the economy.

Details to follow…

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