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BREAKING: CBN Bows To Pressure, Increases Cash Withdrawal Limits
The Central Bank of Nigeria, CBN has bowed to pressure to increases cash withdrawal limits
The maximum weekly limit for cash withdrawal across all channels by individuals and corporate organizations shall be N500,000.00 and N5,000,000.00 respectively,” the letter read.
Cash withdrawal above the limits shall be subject to a processing fee of 3 per cent and 5 per cent for individuals and corporate organisations respectively.