The Central Bank of Nigeria has introduced a daily cash-out transaction limit of N100,000 per individual customer for Point-of-Sale agents as part of new measures to advance the cashless policy in Nigeria. The directive, contained in a circular dated December 17, 2024, and addressed to Deposit Money Banks, Microfinance Banks, Mobile Money Operators, and Super-Agents, mandates immediate compliance by all stakeholders. The circular, which was signed by Oladimeji Taiwo on behalf of the Director of the Payments System Management Department at the CBN, outlined key measures to ensure uniform operational…
Read MoreCBN Limits POS Daily Withdrawal To N100,000 Per Customer
