03
Dec
Dec
CBN Removes Cash Deposit Limits, Raises Weekly Withdrawal Cap to N500,000
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admin / 1 week
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The Central Bank of Nigeria (CBN) has removed cash deposit limits and increased the weekly cash withdrawal threshold from N100,000 to N500,000. The policy changes were contained in a circular issued to all banks and other financial institutions, signed by Dr. Rita Sike, Director, Financial Policy and Regulation Department. Dr. Sike said the revisions formed […]