The Central Bank of Nigeria (CBN) has increased the maximum weekly cash withdrawal limits set for individuals and corporate organisations to N500,000 and N5million, respectively.
The CBN disclosed this in a letter addressed to commercial banks on Wednesday.
The apex bank said it made the decision based on feedback received from stakeholders.
Recall that, CBN had weeks ago pegged weekly cash withdrawal limit at N100,000 for individuals, a development that has caused outcry in the polity.
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