Archives Tag: cash withdrawals
CBN Imposes ₦100,000 And ₦500,000 Limit on Cash Withdrawals
April 19, 2022
The Central Bank of Nigeria (CBN) has introduced new limits on cash withdrawals over-the-counter, as well as for Automated Teller Machines (ATM) and Point of Sale (PoS). This was disclosed by the CBN in a circular made public on Tuesday. Read more about Finance The statement, signed by Haruna Mustapha, the CBN’s Director of … Continue reading CBN Imposes ₦100,000 And ₦500,000 Limit on Cash Withdrawals
Banks Lower Daily Withdrawal Limit on ATMs
April 19, 2022
The latest in banking industry developments is a reduction in the Naira cash withdrawal limits from automated teller machines (ATMs), Vanguard reports. From henceforth, Nigerians will only be permitted to withdraw a maximum of N60,000 domestically as opposed to the previous sum of N150,000 per day. While abroad, the slated limit is $300 per day. In recent weeks, the … Continue reading Banks Lower Daily Withdrawal Limit on ATMs
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