Category: Godwin Emefiele

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2022: It will affect campaigns – Political parties cry out over CBN’s withdrawal limits

2022: It will affect campaigns – Political parties cry out over CBN’s withdrawal limits

Political parties have expressed concerns over the new cash withdrawal limits that will be implemented by the Central Bank of Nigeria (CBN), claiming it could choke the political process. The Peoples Democratic Party (PDP), Social Democratic Party...

CBN reduces over-the-counter withdrawals to N100,000, N500,000 per week for individuals, companies

CBN reduces over-the-counter withdrawals to N100,000, N500,000 per week for individuals, companies

The Central Bank of Nigeria (CBN) on Tuesday, introduced a new policy that mandates deposit money banks and other financial institutions reduce over-the-counter cash withdrawals to N100,000 and N500,000 for individuals and corporate entities respectively, per week....