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CBN Sets New Cash-out Limits For Agent Banking Transactions

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Against the backdrop of growing concern that Point Of Sale (PoS) mobile agents are capitalizing on lingering cash scarcity in the country to hike their charges, the Central Bank of Nigeria (CBN), on Tuesday, announced several policy interventions, including new cash-out limits for agent banking transactions. In a circular to Deposit Money Banks (DMBs), Microfinance…

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