Nigeria to limit amount individuals can spend abroad on debit cards

April 10, 2015 1:19 PM

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LAGOS, April 10 (Reuters) - Nigeria's central bank plans to limit the amount commercial bank customers can spend using their debits cards while abroad, an industry group said on Friday, in the latest crackdown on dollar demand to save its dwindling foreign reserves.

The bank has been battling to prop up the naira after a sharp fall in the price of oil, Nigeria's main export, which triggered a sell-off in assets by foreign investors.

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