CBN Limits Cash Withdrawals To #100,000 Per Week (Read Full Statement)

CBN Limits Cash Withdrawals To #100,000 Per Week (Read Full Statement)

OUT NOW» Prince Ky – Resilience Epp

Prince Ky - On Sure

CBN Limits Cash Withdrawals To #100,000 Per Week (Read Full Statement)

In a circular issued by the CBN and seen on Tuesday, the apex bank said the new directive will take effect nationwide on January 9, 2023.

CBN Limits Cash Withdrawals To #100,000 Per Week

Following the implementation of the policy, all cash withdrawals in excess of the abovementioned restrictions will be subject to processing costs of 5 and 10 per cent, respectively.

This development comes shortly after the newly redesigned N200N500, and N1000 banknotes were launched by President Muhammadu Buhari’s regime.

Recall that the CBN governor, Godwin Emefiele, in October, revealed that the apex bank had lost track of N2.7 trillion of the country’s currency currently in circulation.

The apex bank boss detailed that about 80 per cent of the country’s currency in circulation were outside the vaults of commercial banks across the country.

He lamented that Nigerians were hoarding bank notes, refusing to take them to banks.

Read Full statement Below:-

Am cool and calm to be with, I believe in Myself. Artist Manager, Digital Distributor and Services

2 Comments

  1. gate.io exchange review

    Yes, you are right I was unaware of Delta 8 THC because I mostly heard about CBD and THC because they are storming the wellness industry, but thanks to this amazing blog, I was able to gain insight about it and I am looking forward to more such unique blogs.

Leave a Reply

Your email address will not be published.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