BN Sets ₦1.2 Million Daily Transaction Limit for POS Agents
CBN Sets ₦1.2 Million Daily Transaction Limit for POS Agents
The Central Bank of Nigeria (CBN) has introduced new regulatory guidelines for Point of Sale (POS) agents, setting a daily transaction limit of ₦1.2 million.
As part of the new directive, the apex bank has also mandated all financial institutions to submit monthly reports detailing the activities of their registered POS agents.
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