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BREAKING!! CBN Fixes N100,000 As Limit For POS Withdrawal

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The Central Bank of Nigeria has directed Nigerian banks to set N100,000 per day as a withdrawal limit for customers on point-of-sale terminals nationwide amid cash scarcity.

The apex bank disclosed this in a recent circular to all Nigerian banks, titled Cash-out limits for agent banking transactions,’ which outlines other measures.

CBN said the restriction is in line with the apex bank’s…

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