CBN bows to pressure increase withdrawal limit for individual, corporate organisations

The Evangelist
December 22, 2022

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.

The CBN said this in a letter addressed to banks on Wednesday.

The apex bank said it made the decision based on feedback received from stakeholders.