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 N5,000,000, respectively.

The earlier limits pegged individual cash withdrawal per week at N100, 000; while Corporate organisations were limited to weekly withdrawals of N500, 000.

This was stated by the CBN in a letter sent to banks on Wednesday.

The apex bank claimed it based its choice on input from stakeholders.

FOR ADVERT, POLITICAL CAMPAIGN ONLINE BANNER & POSTER DISPLAY, EVENT COVERAGE, SPONSORED ARTICLE/STORY PUBLICATION, PR AND OTHER MEDIA SERVICES:
PLEASE, SEND AN EMAIL TO : citizennewsng@gmail.com