Economy
CBN bows to pressure reviews cash withdrawal limits to N500,000 for individual, N5,000,000 for Corporate
Central Bank of Nigeria has bowed to public outcry on the cash withdrawal limits and has reviewed the amount individual and corporate can withdrawal in a week upwards. The apex bank in a circular to all Money Deposit Banks and other Financial Institution, Microfinance banks said “the maximum weekly withdrawal across all channels by individuals and corporate organisation shall be N500,000 and N5,000,000 respectively”
See details in the circular
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