The CBN has introduced a N100,000 daily withdrawal limit on PoS terminals as part of efforts to promote a cashless economy.
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By Abidemi Adebamiwa Nigeria’s move to a cashless economy is a tremendous change, offering more convenience and easier ways to manage money. At the center of this shift are Point of Sale (PoS) terminals—small devices that have become a part of daily life. From busy streets in Lagos to quiet...
The CBN has introduced a N100,000 daily withdrawal limit on PoS terminals as part of efforts to promote a cashless economy.
20, December 2024 The Central Bank of Nigeria, CBN, has explained the introduction of a N100,000 daily withdrawal limit on point-of-sales, PoS,...
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The Central Bank of Nigeria (CBN) has announced a new daily cash withdrawal limit of N100,000 per customer for transactions through Point-of-Sale...
The Central Bank of Nigeria (CBN) has set a daily withdrawal limit on point-of-sale (PoS) terminals to ₦100,000 per customer. The apex bank, in a...