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Breaking: CBN raises the weekly cash withdrawal limit for individuals to N500k

The maximum weekly limit for cash withdrawals by individuals and corporate organizations through all channels has been raised by the Central Bank of Nigeria (CBN) to N500,000 and N5 million, respectively.

This was stated by the CBN in a letter sent to banks on Wednesday.

The apex bank claimed it based its choice on input from stakeholders.

More to come…

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