Tag: POS

3 posts.

Despite Cbn’s Directive, Cash Crunch Persists In Ogun

Residents in Ogun State continue to reject old N500 and N1,000 notes despite the directive from the Central Bank of Nigeria (CBN) to accept them as legal tender. This is causing difficulties for motorists and business operators who need to transact with the old banknotes. The Ogun Today’s investigation reveals that accessing both new and…

Updated

Cbn Cash Withdrawal Limit Begins Today

Today, Monday, January 9, the country will begin to implement the Central Bank of Nigeria’s policy restricting daily cash withdrawals. According to The PUNCH, under this arrangement, the maximum weekly limit for cash withdrawals by individuals and corporate organisations across all channels is N500,000 and N5,000,000, respectively. A processing fee of 3% or 5% will…