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

Episode 152 December 08, 2022 00:12:37
CBN reduces cash withdrawal limits: What does this mean for you?
Techpoint Africa Podcast
CBN reduces cash withdrawal limits: What does this mean for you?

Dec 08 2022 | 00:12:37

/

Hosted By

Chimgozirim Nwokoma Oluwanifemi Kolawole Bolu Abiodun

Show Notes

This episode is also available on YouTube - https://youtu.be/Xi1ec1PYKRI

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.

To advertise or promote your brand, visit this link or send an email to business@techpoint.africa

Timestamps
00:00 - Intro
03:12 - Why is CBN doing this
04:29 - Inflation or cashless policy: CBN's endgame
05:50 - What this means for Nigeria's cash-driven economy
08:28 - Who are the biggest winners

Useful links

This episode was produced by Ogheneruemu Oneyibo and Gracious Sede

Email us your feedback at podcast@techpoint.africa. Visit www.techpoint.africa for more stories.

Music - Beach by MBB

Other Episodes

Episode

July 10, 2020 00:36:33
Episode Cover

Lagos is building its own unified Internet fibre infrastructure

Watch today's episode on YouTube. https://youtu.be/6AJGt_avp_M Read all Techpoint articles referenced on today's episode here. https://techpoint.africa/topics/techpoint-africa-podcast-44/ Join the conversation about Twitter's subscription service. https://community.techpoint.africa/t/twitter-considering-subscription-model/862...

Listen

Episode 0

October 09, 2020 00:17:42
Episode Cover

Why Thrive Agric is defaulting on payments despite insured operations

Read all Techpoint articles referenced on today's episode here. https://techpoint.africa/topics/techpoint-africa-podcast-56/ Continue the conversation on Community. https://community.techpoint.africa/ Email us your feedback at podcast@techpoint.africa. Listen every...

Listen

Episode 210

February 08, 2024 00:35:51
Episode Cover

Will Canal+ get its hands on MultiChoice

Apply for the Innovest Ignite Lagos accelerator  here    Today's podcast discusses  Mastercard gaining 3.8% shares in MTN MoMo MultiChoice rejecting Canal+ bid CBN's six...

Listen