NIBSS

CBN Sets N1.2m Daily Transaction Limit for PoS Agents

Dec 18, 2024.Dec 18, 2024. by Ekohot Editor

The Central Bank of Nigeria (CBN) has recently implemented a new policy limiting daily transactions for Point of Sales (PoS) agents to N1.2 million. Eko Hot Blog reports that this decision outlined in the ‘Circular on Cash-Out Limits for Agent Banking Transactions,’ is part of the apex bank’s ongoing efforts to encourage a cashless economy … Read more

FG To Launch New National Identity Card With Payment, Social Service Features

Apr 6, 2024. by Praise Ben

NIMC collaborates with CBN and NIBSS to introduce new National Identity Card with payment and social service features. Card aims to provide physical ID, access to government services, and financial inclusion. Eligibility requires NIN registration; features include debit/prepaid functionality, data protection, and offline capability. EKO HOT BLOG reports that the National Identity Management Commission (NIMC), on … Read more