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The Central Bank of Nigeria (CBN) has announced an upward review of its cash withdrawal limits directive.
The apex bank announced in a circular issued Wednesday, Dec. 21, that individuals can now withdraw N500,000 cash weekly and corporate entities can now withdraw up to N5 million cash across all channels including Automated Teller Machines (ATMs) and Point Of Sale (PoS) terminals.
The circular was signed by its Director of Banking Supervision, Haruna Mustafa.
The directive becomes effective from January 9, 2023.
