BREAKING: CBN Bows to Pressure, Increases Weekly Cash Withdrawal Limit for Individuals
The maximum weekly limit for cash withdrawals by individuals and corporate organizations through all channels has been raised by the Central Bank of Nigeria (CBN) to N500,000 and N5 million, respectively.
According to TheCable, the CBN stated this in a letter sent to banks on Wednesday.
The apex bank claimed it based its choice on input from stakeholders.
