Tag Archives: Withdrawal Limit

Emefiele Raises Cash Withdrawal Limits

The Central Bank of Nigeria (CBN) has succumbed to pressure and increased its earlier limit on weekly cash withdrawal for individuals from N100,000 to N500,000 across all channels. According to a circular signed by the Director of Banking Supervision, Haruna Mustafa, corporate entities are also allowed to withdraw as much …

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Senate Asks CBN to Adjust Cash Withdrawal Limit Policy

The Senate on Wednesday, asked the Central Bank of Nigeria, CBN, to “considerably adjust its recent proposed cash withdrawal limit of N100, 000 per week for  individuals and N500, 000 per week for Corporate bodies, in response to public outcry” against the move. The red chamber took the decision after …

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