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CBN sets N20,000 transaction limit for new mobile banking app activations
ABI Analysis
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Nigeria
finance
Sentiment: 0.00 (unrated)
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13/03/2026
The Central Bank of Nigeria (CBN) has set a maximum transaction limit of N20,000 within the first 24 hours of activating a mobile banking application on a new device. This is contained in a CBN circular issued to all financial institutions, dated March 12, 2025, and signed by the apex bank’s Director of Payments System […]
The post CBN sets N20,000 transaction limit for new mobile banking app activations appeared first on Nairametrics.
Sources: Nairametrics
