- Nigerian currency, the Naira, has crashed in value against US dollars, British pounds and Euro
- This happened after CBN announced limits on cash withdrawals at ATMs, banks
- The cash limits include weekly and daily withdrawals and also costs for anyone who wants more
The Naira fell in value on Tuesday, 7 December 2022, across FX markets after the Central Bank of Nigeria (CBN) introduced a new cash withdrawal limit policy.
Legit.ng had earlier reported that the CBN announced that the cash withdrawals limit for individuals at N100,000 while the maximum for business organizations is N500,000 per week.
