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WATCH THE VIDEO HOW SHE THREW HIM| YOUNG MOTHER THREW HER 10 MONTH OLD BABY INTO DELTA RIVER| POLICE FUMES AS SHE WAS ARRESTED.The Central Bank of Nigeria (CBN) has announced a new daily transaction limit for Point of Sales (PoS) agents, restricting cash-outs to a maximum of N1.2 million. ...READ THE FULL STORY FROM SOURCE ...READ THE FULL STORY FROM SOURCE
The policy is part of the apex bank’s continued efforts to promote a cashless economy and enhance electronic payment systems.
In a circular released on Tuesday, titled Cash-Out Limits for Agent Banking Transactions, the CBN outlined several measures aimed at advancing agency banking operations through electronic channels.
Signed by Oladimeji Yisa Taiwo, for the Director of Payments System Management Department, the circular emphasizes the importance of leveraging technology to streamline transactions.
As of July 2024, Nigeria had 3.05 million PoS devices deployed across the country, with a total of 4.06 million registered terminals, according to the Nigeria Interbank Settlement System Plc (NIBSS).
In addition to the PoS transaction limits, the CBN also set a weekly withdrawal cap for individual customers at N500,000, regardless of the transaction channel.WATCH THE VIDEO HOW SHE THREW HIM| YOUNG MOTHER THREW HER 10 MONTH OLD BABY INTO DELTA RIVER| POLICE FUMES AS SHE WAS ARRESTED.
Each PoS terminal will now have a daily maximum cash-out limit of N100,000 per customer, with a cumulative daily transaction limit of N1.2 million per agent.…READ -THE.FULL_ARTICLE.HERE.
