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

Emmanuel Paul Oluwanifemi Kolawole Chimgozirim Nwokoma

Show Notes

This episode is also available on YouTube -

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.

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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

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Music - Beach by MBB

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