POS operators, money hawkers, street traders, express reservations over CBN’s naira withdrawal policy

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Nigerians have continued to express their feelings over the latest central bank limiting over-the-counter cash withdrawals by individuals and corporate entities to not exceed N100,000 and N500,000 respectively, per week.


Whilst some have taken to social media to lament, others are still pondering over the potential impact of the policy on their livelihood.


The central bank claims the policy is aimed at driving financial inclusion in the country while also lowering the cost of handling cash. It is also part of a broader strategy of leveraging technology to manage money supply in the country.

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