The naira closed flat on Monday at the official foreign exchange (FX) market, supported by improved liquidity that has led banks to resume international transactions using naira-denominated cards.
GTBank on Monday set its FX rate for international transactions at N1,545, aligning with the rate traded at the parallel market, commonly referred to as the black market.
In a notice to customers, the bank stated: “FX rate for international payments on your GTBank naira card today, 18-08-2025, is N1,545. Kindly note that this rate is subject to change and is updated intraday and daily, in line with prevailing market conditions.”