On Wednesday, the Organised Private Sector (OPS) strongly opposed the Central Bank of Nigeria’s decision to impose limits on withdrawals from Point-of-Sale (POS) agents, arguing that the apex bank’s move is out of touch with reality. The CBN introduced a daily withdrawal limit of N100,000 per individual customer at POS agents as part of new…
The Central Bank of Nigeria (CBN) has imposed a daily transaction limit of N1.2 million for Point of Sales (POS) agents. This was revealed in its ‘Circular on Cash-Out Limits for Agent Banking Transactions,’ released on Tuesday. According to the circular, the development is in the apex bank’s effort to advance a cashless economy. The…
The Central Bank of Nigeria (CBN) has restricted Point of Sales (PoS) agents to a daily transaction limit of N1.2 million. This was revealed in its ‘Circular on Cash-Out Limits for Agent Banking Transactions,’ released on Tuesday. According to the circular, the development is in the apex bank’s effort to advance a cashless economy. “The…
