NEWS: CBN Places N1.2m Limit On PoS Operators

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As the unavailability of cash in banking halls in the country continues to worry customers, the Central Bank of Nigeria(CBN) has moved to curb activities of banking agents popularly known as Point of Sale (PoS) operators.

Despite the unavailability of cash at Automated Teller Machines (ATMs) of banks and limited cash within the banking halls, PoS operators have continually had access to unlimited cash that is dispensed to bank customers at a charge. A situation bank customers have…

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