Nigeria Breaking News

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CBN Imposes N100,000 per Customer Daily Withdrawal LiS Terminals

SHARE The Central Bank of Nigeria (CBN) has imposed a daily withdrawal limit of N100,000 per customer on Point-of-Sale (PoS) terminals as part of its efforts to promote a cashless economy and curb financial fraud. In a circular titled “Cash-out Limits for Agent Banking Transactions” and addressed to Deposit Money Banks (DMBs), Microfinance Banks, Mobile Money Operators, and Super-Agents, the CBN outlined new regulations …