Commercial banks are expanding limits on card transactions abroad following consistent rise in dollar liquidity and surge in gross external reserves to $52.6 billion. The external reserves position as at August 19th, according to the Central Bank of Nigeria (CBN) data, provides buffer against shocks and eases dollar settlement pressure on international transactions. Already, Guaranty Trust Bank Plc has raised its quarterly international spending from $20,000 to $40,000.................….......READ MORE