Tag: Cash-Out Limit
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CBN Introduces Daily N100,000 Cash-Out Limit for POS Agents
The Central Bank of Nigeria (CBN) has announced new stringent regulations for Point-of-Sale (POS) agents, introducing a daily cash-out transaction limit of N100,000 per individual customer as part of its ongoing cashless policy initiative. The circular, dated December 17, 2024, and signed by Oladimeji Taiwo, applies to Deposit Money Banks, Microfinance Banks, Mobile Money Operators,…