Gov Masari backs CBN on cash withdrawal limits

The Katsina State Governor, Aminu Bello Masari, has thrown his weight behind the new Central Bank of Nigeria (CBN) cash withdrawal limits.

The apex bank on Tuesday announced a cash withdrawal limit of N100,000 and a 5 percent processing fee over the counter for individuals, and N500,000 for corporate organizations.

The CBN also pegged the daily withdrawal from Automated Teller Machines (ATMs) at N20,000.