The Central Bank of Nigeria (CBN) has introduced a daily transaction limit of N100,000 per customer for cash-out transactions conducted by Point of Sale (POS) agents.
This policy was issued in a new directive issued on Tuesday, and signed by Oladimeji Yisa Taiwo for the Director of the Payments System Management Department at the CBN.
The policy aims to streamline agency banking operations, encourage electronic payment adoption, and enhance the country’s cashless economy…
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