CBN bows to Public Outcry, reviews cash withdrawal limits
Central Bank of Nigeria(CBN) has bowed to public outcry on the cash withdrawal limits and has reviewed the amount individuals and corporate bodies can withdraw in a week upwards. The apex bank in a circular to all Deposit Money Banks and other Financial Institutions, Microfinance banks said “the maximum weekly withdrawal across all channels by individuals and corporate organisation shall be N500,000 and N5,000,000 respectively”
