Tag: Limit
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CBN imposes daily transaction limit for contactless payments
The Central Bank of Nigeria (CBN) has imposed a maximum daily transaction limit of N50,000 for contactless payments. The CBN in a circular released on Tuesday and signed by Musa Jimoh, the director of payments system management department, emphasised the need for verification and authorisation for transactions that surpass the specified limits due to the…
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CBN places N1m limit per transaction on eNaira as platform officially goes live October 1
The Central Bank of Nigeria (CBN) has placed a N1 million per deal limit on its eNaira transactions.