
Central Bank of Nigeria
Circular on Cash-Out Limits for Agent Banking Transactions
- Author
- Central Bank of Nigeria
- Reference No.
- PSM/DIR/PUB/CIR/001/057
- Year
- 2024
- Pages
- 2 pages
This circular directs deposit money banks, microfinance banks, mobile money operators, and super-agents to implement specified cash-out limits for agent banking transactions, including weekly customer limits, daily terminal limits, and daily agent cumulative limits. It also requires separation of agent and merchant activities, use of…