withdrawal limit

Withdrawal limit: Customers kick as CBN begins implementation

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Over 20 Deposit Money Banks on Monday began the implementation of the Central Bank of Nigeria’s new cash withdrawal limit policy across the country with bank customers expressing anger over the new rule. The Governor of the CBN, Godwin Emefiele, had on December 21, 2022, bowed to pressure and revised the bank’s earlier cash withdrawal … [Read more…]

Withdrawal limit: Finitri accuses Emefiele of punishing politicians with new policy

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Governor Ahmadu Fintiri of Adamawa State has accused Godwin Emefiele, Central Bank of Nigeria (CBN) Governor of targeting the political class with the cash withdrawal limit policy. The planned policy of the CBN to limit daily cash withdrawal for individuals to N20,000 daily and N100,000 and N500,000 per week for individuals and corporate bodies respectively, … [Read more…]