The Central Bank of Nigeria (CBN) has introduced new rules limiting cash withdrawals on Point-of-Sale (PoS) machines to ₦100,000 per customer daily. This policy was shared in a circular titled “Cash-out limits for agent banking transactions” and sent to banks, microfinance institutions, mobile money operators, and agents. The circular explained that these measures are meant … Continue reading CBN Issues New Limits On PoS Cash Withdrawals