24hrs News & Updates
The Central Bank of Nigeria (CBN) has imposed a daily transaction limit of N1.2 million for Point of Sales (PoS) agents. This announcement was made in the CBN’s ‘Circular on Cash-Out Limits for Agent Banking Transactions,’ issued on Tuesday. The move is part of the apex bank’s ongoing efforts to promote a cashless economy. “The…
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The Senate has begun moves to restore Nigeria’s monetary sovereignty by outlawing the use of foreign currencies for payments and transactions within the country. The move is a ban on foreign currency payments to ensure that this prohibits salaries, transactions and payments in foreign currencies, ensuring all workers, including expatriates, are remunerated in naira as…
Read More “Foreign Currency use Prohibition Bill Scales 1st Reading In Senate” »