CBN Bows To Pressure, Increases Cash Withdrawal Limits

The Central Bank of Nigeria (CBN) has announced an upward review of cash withdrawal limits to N500, 000 and N5 million for individuals and corporate accounts respectively. The apex bank also reviewed downward, the stipulated percentage cost for withdrawals above the stipulated limits. This is according to a statement by Haruna Mustapha, CBN’s Director, Banking … Continue reading CBN Bows To Pressure, Increases Cash Withdrawal Limits