CBN Limits POS Withdrawals to N1.2m for Agents, N100,000 for Individuals
By Ayomide Otitoju The Central Bank of Nigeria (CBN) has introduced new restrictions on Point of Sale (POS) transactions, capping daily cash-out limits at N1.2 million for agents and N100,000 for individual customers. The new directive, outlined in a circular signed by Musa Jimoh, Director of the Payments System Policy Department, was addressed to deposit…