In a circular issued by the apex bank on Wednesday, December 21, 2022, individuals will be allowed to withdraw up to N500,000 weekly across all channels, while the threshold for organisations is N5 million per week.
This comes barely two weeks after the CBN reduced the weekly over-the-counter cash withdrawal limits for individuals to N100,000 and that of corporate organisations to N500,000.
The apex bank also slashed withdrawals from the Automated Teller Machines (ATMs) and Point-of-Sale (PoS) terminals to N20,000 daily.
