CBN increases weekly withdrawal limit to N500,000 for individuals

The Central Bank of Nigeria (CBN) on Wednesday announced an upward review of its cash withdrawal limits directive. 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 maximum weekly limit for cash withdrawal […]