By Ed Malik, A | December 21, 2022

Amidst the confusion thrown into the daily economic activities and unrealistic fiscal cash containment policy by the Central Bank of Nigeria, CBN, the apex bank has succumbed to public outcry with a new withdrawal regimen announced on Wednesday.

The readjusted withdrawal limits which takes immediate effect are:

Maximum cash now N100, 000 daily and N500, 000 weekly for individuals while corporate bodies will enjoy one million Naira (N1M) daily and five million Naira (N5M) weekly.

It is noteworthy that the CBN approach to cash management is still subject of intense debate by financial analysts, economists, business community, stakeholders and indeed, the ordinary Nigerians.

Note: It’s a developing story and may be updated.

Leave a Reply

Your email address will not be published. Required fields are marked *