CBN reduces cash withdrawal limits: What does this mean for you?
About The Episode
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 CBN reduces withdrawal at ATMs, PoS, to ₦20,000 ($27) per day to further cashless policy 6 ways the CBN’s cash withdrawal limit could benefit Nigeria’s telecom companies, from new revenue streams to increased customer penetration N26.17 Trillion was Unbanked in 2021 Nigeria commissions Omeife, its first humanoid robot FTX-funded Chipper Cash lays off employees one year after raising $150 million FTX marked down Chipper Cash’s $2B valuation to $1.25B After raising $140m+ from 3 funding rounds in 2022, mobility startup, Moove quietly “dismisses” employees 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
About The Episode
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 CBN reduces withdrawal at ATMs, PoS, to ₦20,000 ($27) per day to further cashless policy 6 ways the CBN’s cash withdrawal limit could benefit Nigeria’s telecom companies, from new revenue streams to increased customer penetration N26.17 Trillion was Unbanked in 2021 Nigeria commissions Omeife, its first humanoid robot FTX-funded Chipper Cash lays off employees one year after raising $150 million FTX marked down Chipper Cash’s $2B valuation to $1.25B After raising $140m+ from 3 funding rounds in 2022, mobility startup, Moove quietly “dismisses” employees 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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