Offshore Spending Limit on GTBank Naira Card Now $40,000 As FX Liquidity Improves

By Aduragbemi Omiyale

The international spending limit on the GTBank Naira card has been increased by the financial institution to $40,000.

This information was revealed by the lender in an email to customers on Tuesday, August 11, 2026.

The banking subsidiary of GTCO Plc disclosed that the new offshore spending limit is for a quarter.

This development comes as the Nigerian foreign exchange (FX) market is witnessing stability against the United States Dollar.

The forex volatility experienced a few years ago has eased, allowing companies and others to plan within a reasonable exchange rate band.

“The Dollar limit on your GTBank Naira Card is now $40,000 quarterly,” the tier-1 commercial bank said in the message sighted by Business Post.

Improvement in forex liquidity in the domestic FX ecosystem has allowed Nigerians to use their local cards to complete financial transactions on foreign platforms, which was not possible a few years ago because of Dollar scarcity and arbitrage.

At the official market on Tuesday, the exchange rate closed at N1,364/$1. It was exchanged at N1,367/$1 at the GTBank FX desk and N1,395/$1 at the parallel market.