By Ayodele Oni
Bowing to public outcry and pressure from the national assembly, the Central Bank of Nigeria (CBN) has conceded to some concessions in the recently announced monetary policies.
After it changed the colour of some of the Nigerian currency the apex bank announced a withdrawal limits for individuals and corporate bodies
However, in a letter on Wednesday, to banks, CBN said it has increased the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations to N500,000 and N5 million, respectively.
The CBN said this in a letter addressed to banks on Wednesday.
The apex bank explained that it made the decision based on feedback received from stakeholders.
Subscribe to get the latest posts sent to your email.
Share your story or advertise with us: WhatsApp: +2348174884527, Email: [email protected]
 CBN said it has increased the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations to N500,000 and N5 million, respectively.){kind=link}