Naira Scarcity: Group Blocks CBN Branch as Elderly Woman Scales Fence

CBN to Limit Weekly Cash Withdrawals for Individuals and Corporate Organisations

The  Central Bank of Nigeria (CBN) has has begun moves to limit over-the-counter cash withdrawals by individuals and corporate organisations to N100,000 and N500,000 per week, respectively. The development was made known in a circular issued by the CBN on Tuesday. According to Nigeria’s apex bank, the new policy will take effect nationwide from January 9, 2023. […]

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