CBN reduces cash withdrawal limits: What does this mean for you?

December 8, 2022
1 min read

Today on the Techpoint Africa Podcast, our reporters discuss the new withdrawal restrictions imposed by the Central Bank of Nigeria (CBN).

On Tuesday, December 6, 2022, the CBN issued a new directive to reduce withdrawal at ATMs and PoS terminals to ₦‎20,000 ($27) per day to further cashless policy. We look at how it will affect citizens, especially those operating in the informal sector.

You can catch up on the conversation on Google PodcastsApple PodcastsSpotifyYouTube, and anywhere you get your podcasts. You can also send your questions and observations to or share your thoughts using the hashtag #TechpointAfricaPodcast.

Think Maleficent, with more than a little touch of Jade West and a sprinkle of Sponge Bob SquarePants and you've got me. You can follow my sparsely updated adventures on Twitter @WestsidePOV.
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