CBN scraps deposit limits, increases weekly withdrawal threshold
The Central Bank of Nigeria, CBN, has announced major adjustments to its cash-handling regulations, abolishing the ceiling on cash deposits and expanding the weekly withdrawal limit across all platforms to N500,000, a significant rise from the previous N100,000. The policy shift was communicated through a circular issued to financial institutions and titled “Revised Cash-Related Policies”, […]
CBN scraps deposit limits, increases weekly withdrawal threshold
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