CBN Imposes N1.2m Daily Limit Transaction On POS Agents
Nigeria’s apex bank Central Bank has restricted Point of Sales (PoS) agents to a daily transaction limit of N1.2 million. This was revealed in its ‘Circular on Cash-Out Limits for Agent Banking Transactions,’ released on Tuesday. According to the circular, the development is in the apex bank’s effort to advance a cashless economy. “The Bank…

