The Central Bank of Nigeria (CBN) has just introduced a daily cash transaction limit of N100,000 per individual customer for Point-of-Sale (PoS) agents as part of its latest move to promote its cashless policy and tackle the current cash scarcity in the country.
According to a circular addressed to all Deposit Money Banks (DMBs), microfinance banks, mobile money operators and super-agents, titled ‘Cash-out limits for agent banking transactions,’ the apex bank reeled out new…
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