CBN Raises Weekly Withdrawal Limits
Sgt4succsess SMACIN GRACEFULL TEAM CBN Raises Weekly Withdrawal Limits To N500,000 For Individuals, N5m For Firms Customers get new naira notes over the counters on December 15, 2022 ADVERTISEMENT The Central Bank of Nigeria (CBN) on Wednesday bowed to pressure from many Nigerians and lawmakers as it announced an upward review of its cash withdrawal limits directive. ADVERTISEMENT 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. ADVERTISEMENT “The maximum weekly limit for cash withdrawal across all channels by individuals and corporate organisations shall be N500,000.00 and N5,000,000.00 respectively,” the apex bank said in a circular issued on Wednesday signed by its Director of Banking Supervisio