CBN Pegs PoS Agents’ Daily Transactions At ₦1.2m
The Central Bank of Nigeria (CBN) has introduced new regulations capping daily cash-out transactions for Point of Sale (PoS) agents at ₦1.2 million, while limiting individual customer withdrawals to ₦100,000 per day. The directive, contained in a new Guidelines for Agent Banking Operations, was signed by Musa Jimoh, the Director of the Payments System […]