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flag Nigeria's Central Bank imposes new cash withdrawal limits on PoS terminals to curb fraud.

flag The Central Bank of Nigeria (CBN) has introduced new limits for cash withdrawals via Point-of-Sale (PoS) terminals to promote a cashless economy. flag Customers are now restricted to withdrawing N100,000 daily and N500,000 weekly from PoS terminals. flag Agents are limited to a daily cash-out limit of N1.2 million. flag The CBN aims to address fraud and establish uniform banking standards, with strict penalties for non-compliance.

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