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CBN Sets Weekly Cash Withdrawal Limits of N100k for Individuals, N500k for Businesses

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CBN Sets Weekly Cash Withdrawal Limits of N100k for Individuals, N500k for Businesses

New cash withdrawal restrictions have been set by the Central Bank of Nigeria, and they go into effect on January 9, 2023. Individuals will only be permitted to withdraw N100,000 per week (from ATMs, Point of Sale machines, or over the counter), according to a new memo to banks sent out on Tuesday and signed
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