- The Central Bank of Nigeria (CBN) has made a fresh announcement regarding the controversial cash withdrawal policy
- The apex bank said it has increased the maximum weekly limit for cash withdrawals by individuals and corporate organisations to N500,000 and N5 million, respectively
- According to the CBN, the new policy which was communicated to banks on Wednesday, December 21, will take effect nationwide from Monday, January 9, 2023
FCT, Abuja – The Central Bank of Nigeria (CBN) has increased the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations to N500,000 and N5 million, respectively.
The apex bank announced this in a letter addressed to banks and other financial institutions sighted by Legit.ng on Wednesday, December 21.
