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.
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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
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