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CBN Abolishes Cash Deposit Limits, Increases Weekly Withdrawal Threshold To N500,000 For Individuals

The Central Bank of Nigeria (CBN) has increased cash withdrawal limits on all channels to N500,000 weekly for individuals and N5 million for corporates. Announcing the policy revision in a circular on Tuesday, the regulator pegged automated teller machine (ATM) withdrawals at N100,000 daily, with a weekly cumulative withdrawal of N500,000. The development is a […] The post CBN Abolishes Cash Deposit Limits, Increases Weekly Withdrawal Threshold To N500,000 For Individuals appeared first on Information Nigeria.


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