BREAKING: CBN Bows to Pressure, Increases Cash Withdrawal Limits ~ AmanaOnline

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BREAKING: CBN Bows to Pressure, Increases Cash Withdrawal Limits

December 21

22:24 2022

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BREAKING: CBN bows to pressure, increases cash withdrawal limits

The maximum weekly limit for cash withdrawal across all channels by individuals and corporate organizations shall be N500,000.00 and N5,000,000.00 respectively,” the letter read.

Cash withdrawal above the limits shall be subject to a processing fee of 3 per cent and 5 per cent for individuals and corporate organisations respectively.

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