Thursday, September 19, 2024

point-of-sale (POS)

March 29, 2023

Cash Scarcity: Ekiti government threatens to sanction filling stations rejecting POS transactions

The Ekiti government has threatened to sanction filling stations that reject point-of-sale (POS) transactions due to cash scarcity.

Fuel queue used to illustrate the story
December 21, 2022

CBN increases cash withdrawal limit to N500,000 weekly

Two weeks ago, the CBN lowered the weekly over-the-counter cash withdrawal limit for individuals to N100,000 and for corporate organisations to N500,000.

CBN Godwin Emefiele (credit: Bloomberg)