CBN Introduces Strict Transaction Limits for POS Agent to Curb Fraud

Why CBN Placed ₦1.2m Daily Transaction Limit on PoS Operators - Tech

The Central Bank of Nigeria (CBN) has announced new operational guidelines for Point-of-Sale (PoS) operators, placing a daily transaction limit of ₦1.2 million per agent and ₦100,000 per individual customer. While some see it as a move to regulate cash flow and curb financial abuse, others fear it could squeeze small operators and reduce access to financial services in rural areas. Understanding the New Limit Under the new framework, PoS agents …

CBN ends multi-bank agents with new rules

If you are one of Nigeria’s two million banking agents holding on to a Moniepoint, OPay, or PalmPay POS terminals, it might be time to return at least two.  From April 1, 2026, Point of Sale agents must be exclusive to one principal, i.e., banks, mobile money operators, microfinance banks, and payment service banks, as part of the Central Bank of Nigeria’s (CBN) new agent banking rules. The new guidelines, released on October 6, 2025, mark the m…

CBN caps POS daily transactions at N1.2m in new guidelines

The Central Bank of Nigeria (CBN) has introduced new operational guidelines for agent banking services, including Point of Sale (POS) operations across the country. According to the revised framework, POS agents are now limited to a maximum transaction value of N1.2 million per day, while individual customers are restricted to N100,000 daily. The directive was […] The post CBN caps POS daily transactions at N1.2m in new guidelines appeared first…

CBN Introduces Strict Transaction Limits for POS Agent to Curb Fraud

The Central Bank of Nigeria (CBN) has rolled out comprehensive new operational guidelines for agent banking, imposing a daily transaction cap of ₦1.2 million per Point-of-Sale (POS) agent and limiting individual customers to ₦100,000 per day, as part of efforts to enhance financial integrity, prevent fraud, and promote a cashless economy.The directive, detailed in a circular signed by Oladimeji Yisa Taiwo, Director of the Payments System Managem…

What the ₦1.2m POS daily limit means for daily banking in Nigeria

The Central Bank of Nigeria (CBN) has reaffirmed a ₦1.2 million daily transaction cap for point-of-sale (POS) and agent-banking operators under new operational guidelines released on October 6, 2025. The rule, which states that each agent’s daily cumulative cash-out must not exceed ₦1.2 million, is not new. It first appeared in the CBN’s earlier Circular on Cash-Out Limits for Agent Banking Transactions issued in December 2024, and has now been …

“Daily Cash-Out Capped At N1.2 Million” — CBN Unveils Stricter Agent Banking Guidelines To Boost Oversight - TheNigeriaLawyer

*New policy takes effect April 1, 2026 The Central Bank of Nigeria (CBN) has released a fresh set of regulatory guidelines for agent banking operations (PoS operators) across the country, setting a new daily cash-out limit of N1.2 million per agent and introducing stricter compliance measures to safeguard consumers and strengthen oversight in the fast-expanding sector. The apex bank announced the reforms in a circular signed by Musa Jimoh, Direc…