CBN's New Cash Withdrawal Limits Take Effect

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CBN Cash Withdrawal Limit Begins Today Monday 9th January 2023

The Central Bank of Nigeria’s policy on restriction on daily cash withdrawal takes off across the country today, Monday, January 9.

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The PUNCH reports that in this arrangement, the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations is N500,000 and N5 million, respectively. Individuals or organisations that have a compelling need to withdraw abov…

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