PoliticsNigeria
The Central Bank of Nigeria (CBN) has announced a new daily transaction limit for Point of Sales (PoS) agents, restricting cash-outs to a maximum of N1.2 million. The policy is part of the apex bank’s continued efforts to promote a cashless economy and enhance electronic payment systems…
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Cash scarcity: CBN implements N1.2 million daily transaction limit for PoS agents
Jerry Wright-Ukwu
16:20
The Central Bank of Nigeria (CBN) has announced a new daily transaction limit for Point of Sales (PoS) agents, restricting cash-outs to a maximum of N1.2 million. The policy is part of the apex bank’s continued efforts to promote a cashless economy and enhance electronic payment systems…
