ATIKU, EL-RUFAI, AND TAMBUWAL MET BUHARI IN KADUNA AMID TALS OF ANTI-TINUBU COALITION. (VIDEO/PHOTO).

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  Former Peoples Democratic Party (PDP) presidential candidate Atiku Abubakar, former Kaduna State Governor Nasir El-Rufai, and ex-Sokoto State Governor Aminu Tambuwal met with former President Muhammadu Buhari at his residence in Kaduna State on Friday. The visit was revealed by Imran Wakili, a supporter of El-Rufai, in a post on X, where he highlighted El-Rufai’s continued respect for Buhari. The meeting coincided with reports of Atiku, El-Rufai, and Tambuwal engaging opposition leaders in Kaduna State as part of a broader political strategy. Atiku recently announced the formation of a coalition, including Labour Party’s Peter Obi, aimed at challenging President Bola Tinubu’s administration in the 2027 general elections. The coalition, unveiled during a press conference by the Concerned Leaders and Political Stakeholders in Nigeria, seeks to unite opposition forces to unseat the All Progressives Congress (APC). In a related development, Adewale Adebayo, a former Social Democratic...
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CBN LIMITS POS DAILY WITHDRAWAL TO N100, 000.(PHOTO).

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 CBN limits POS daily withdrawal to N100,000


The Central Bank of Nigeria (CBN) has introduced a daily cash-out transaction limit of N100,000 per individual customer for Point-of-Sale agents.

The bank, in a circular to all deposit money banks (DMBs), microfinance Banks, mobile money operators and super-agents, titled ‘Cash-out limits for agent banking transactions,’ explained that the restriction is in line with the apex bank’s ongoing efforts to advance a cashless economy.


“In view of the above, all principals of agents are to comply with the following directives immediately: Issuers shall set a cash withdrawal limit (cash-out) per customer (regardless of channel) to N500,000.00 per week.

“Ensure that all agent banking terminals are set to a daily maximum transaction cash-out limit of N100,000.00 per customer, and ensure that each agent’s daily cumulative cash-out limit shall not exceed N1,200,000.00,” it said.


The CBN said the bank should ensure that agent banking services are clearly demarcated from merchant activities and that agents apply the approved Agent Code 6010 for agent banking activities.

Ensure that agency banking activities are consummated exclusively through agent float accounts maintained with the principals, monitor accounts associated with the agents’ BVN(S) with a view to identifying agent banking activities which may be conducted outside the designated float account(s).

“Ensure that all agent terminals are connected to a PTSA and ensure that all daily transactions per agent, including withdrawals, limits of transactions and balances in the float accounts of each agent, are sent electronically to NIBSS as a report to the CBN. The template of this report will be sent to principals,” it added.

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