CBN Introduces Daily PoS Withdrawal Limit of N100k Per Customer
The Central Bank of Nigeria (CBN) has announced a new daily cash withdrawal limit of N100,000 per customer for point-of-sale (PoS) transactions. This directive, outlined in a circular titled “Cash-out Limits for Agent Banking Transactions,” was sent to deposit money banks (DMBs), microfinance banks, mobile money operators, and super-agents. According to the CBN, the policy…
