CBN reviews cash withdrawal limits downward to N20,000 daily

Admin l Wednesday, January 25, 2023

 

LAGOS, Nigeria – The Central Bank of Nigeria, CBN has reversed  cash withdrawal limit of bank account holders from N100,000  to N20,000 daily.

The CBN  made the reversal in a director to banks and financial institutions telling them to limit withdrawal to N20,000 daily henceforth.

This is taking place even as the Senate has directed the apex bank to extend   the deadline for the swap of old Naira notes to the new designed Naira notes.

Ironically, it was the politicians that are championing the call for the extension of the new Naira Notes.

However, the CBN has said that it will note extend deadline.