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Wednesday, July 17, 2024
HomeBUSINESSECONOMYCBN Increases Weekly Cash Withdrawal Limit For Individuals To N500k

CBN Increases Weekly Cash Withdrawal Limit For Individuals To N500k

The Central Bank of Nigeria (CBN) has increased the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations to N500,000 and N5 million, respectively.

Individuals can now withdraw N500,000 cash weekly and corporate entities can now withdraw up to N5 million cash across all channels including Automated Teller Machines (ATMs) and Point Of Sale (PoS) terminals,

 

The apex bank said in a circular issued on Wednesday and signed by its Director of Banking Supervision, Haruna Mustafa.

Details soon…

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