The Central Bank of Nigeria, CBN, has explained the introduction of a N100,000 daily withdrawal limit on point-of-sales, PoS, terminals as part of efforts to promote a cashless economy. Also, CBN added, the measure will address operational challenges, reduce fraud, and establish uniform standards across the industry.https://www.vanguardngr.com/2024/12/why-cbn-set-n100000-daily-withdrawal-limit-on-pos-terminals/
