The Central Bank of Nigeria (CBN) implements a daily cash withdrawal limit of N100,000 per customer for Point of Sale (POS) transactions. This new directive, aimed at improving agency banking operations and promoting electronic payments, aligns with the CBN’s push for a cashless economy. The policy, outlined in a circular dated December 17, 2024, is … Continue reading CBN Sets N100,000 Daily Cash Withdrawal Limit For POS Transactions