POS agents will raise fees in response to CBN’s rules on withdrawal limits

Following Tuesday’s Central Bank directive limiting cash disbursement, Point of Sale (POS) banking agents across Lagos are exploring ways to cope with the changes—mainly, by raising withdrawal fees. 

On Tuesday, the CBN set a daily limit of  ₦1.2 million per POS agent and capped withdrawals at ₦100,000 per customer. This is the latest attempt to rein in POS agents, who have become a…