Central Bank of Nigeria has restricted Point of Sales agents to a daily transaction limit of N1.2 million.

In a circular signed by its Director, Payments System Management Department, Oladimeji Taiwo, the CBN said the development is to advance a cashless economy and enhance the use of electronic payment channels for agency banking operations.

As of July 2024, Nigeria had 3.05 million deployed  PoS and 4.06 million registered PoS terminals.

Read Another Story: https://classic94.fm/nigeria-to-host-ecowas-african-wrestling-tournament-next-year/