nigeria cashless economy

  1. CBN Enforces N100,000 Daily and N500,000 Weekly Withdrawal Caps for PoS Operators

    Nigeria CBN Enforces N100,000 Daily and N500,000 Weekly Withdrawal Caps for PoS Operators

    The Central Bank of Nigeria has introduced a new policy setting daily cash-out limits for PoS operators at N100,000 per customer, aiming to promote digital payments, reduce fraud, and enhance operational efficiency. The initiative also includes weekly withdrawal caps and enhanced monitoring...
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