- The maximum amount of N20,000 that multiple account holders can withdraw from ATMs may have been set by commercial banks
- The cash shortage has gotten worse recently, even though the CBN warned that commercial banks would face sanctions
- Point-of-sale agents pleaded with bank representatives to facilitate business dealings for POS operators
Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.
It appears there is no end in sight to the low cash supply by commercial banks as customers encounter growing challenges when trying to withdraw cash.
