The Central Bank of Nigeria (CBN) announced a new instruction on Tuesday, December 6, 2022, to limit withdrawals at ATMs and POS terminals to N20,000 ($27) per day to advance the cashless strategy. We examine how it will impact people, particularly those working in the unorganized sector. All deposit money banks, payment service banks, and … Continue reading CBN reduces ATM withdrawal limit to 20,000 ($27) per day