When ₦1.2 M Feels Like Pennies: How the Daily Cap Limit is Reshaping Agency Banking
Just imagine walking up to your local POS agent to withdraw cash, only to be told, “Sorry, I’ve reached my limit – please come back tomorrow.” This is the new reality for Nigeria’s agency banking. In December 2024, the Central Bank of Nigeria (CBN) introduced a rule limiting daily withdrawals to ₦1.2 million per POS […]