Archives Tag: Cash Withdrawal
The Impact of the New CBN Withdrawal Policy
April 19, 2022
On the 6th of December, the Central Bank of Nigeria (CBN) announced a new policy that mandates deposit money banks and other financial institutions to ensure that over-the-counter cash withdrawals by individuals and corporate entities do not exceed N100, 000 and N500, 000 respectively per week. Read more about Finance Several experts and observers have … Continue reading The Impact of the New CBN Withdrawal Policy
CBN Releases New Policies on Cash Withdrawal
April 19, 2022
The Central Bank of Nigeria (CBN) has announced a new policy that requires deposit money banks and other financial institutions to ensure that over-the-counter cash withdrawals by individuals and corporate entities do not exceed N100, 000 and N500, 000, respectively, per week. Read more about Finance According to a new memo to banks issued … Continue reading CBN Releases New Policies on Cash Withdrawal
