The Central Bank of Nigeria (CBN) has announced an upward review of cash withdrawal limits across all channels, raising the weekly threshold to N500,000 for individuals and N5 million for corporate organisations.
The apex bank disclosed the policy adjustment in a circular issued on Tuesday. According to the revised guidelines, automated teller machine (ATM) withdrawals are now capped at N100,000 per day, while the cumulative weekly limit remains N500,000.
Details later….
