CBN removes cash deposit limits, raises weekly withdrawal threshold

The Central Bank of Nigeria (CBN) has removed cash deposit limits and also increased the weekly cash withdrawal limit from N100,000 to N500,000. The CBN made this known in a circular to all banks and other financial institutions, signed by Dr Rita Sike, Director, Financial Policy and Regulation Department. Sike said that the revisions formed […] Source

  News   Dec 3, 2025   0   25  Add to Reading List
CBN removes cash deposit limits, raises weekly withdrawal threshold
The Central Bank of Nigeria (CBN) has removed cash deposit limits and also increased the weekly cash withdrawal limit from N100,000 to N500,000. The CBN made this known in a circular to all banks and other financial institutions, signed by Dr Rita Sike, Director, Financial Policy and Regulation Department. Sike said that the revisions formed […]

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