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

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Hosted By

Emmanuel Paul Oluwanifemi Kolawole Chimgozirim Nwokoma

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

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