News

CBN Raises Weekly Withdrawal Limits Amid Pressure

The Central Bank of Nigeria (CBN) has raised its weekly cash withdrawal limits set for individuals and Corporate Organisations to N500, 000 and N5 million respectively.

The earlier limits pegged individual cash withdrawal per week at N100, 000; while Corporate organisations were limited to weekly withdrawals of N500, 000.

This comes following pressure amid public outcry against the policy.

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