CBN STOPS DEPOSITS LIMIT, INCREASES WEEKLY WITHDRAWAL
The Central Bank of Nigeria (CBN) has increased the weekly withdrawal limit across all platforms to ₦500,000, up from the previous limit of ₦100,000. The apex bank also announced a major policy shift eliminating the cap on cash deposits. The new directives were communicated through a circular issued to financial institutions and signed by the Director of the Financial Policy and Regulation Department, Dr. Rita Sike. According to the CBN, […]