CBN Announces Withdrawal Limit on PoS, Sets Fine for Defaulters
The Central Bank of Nigeria (CBN) has set a daily withdrawal limit of ₦100,000 for customers using point-of-sale (PoS) terminals, as part of a broader set of measures aimed at streamlining agent banking operations. The new directive was communicated through a circular titled “Cash-out Limits for Agent Banking Transactions,” which was sent to all deposit […]
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