N100,000 Withdrawal Limit: Nigerian Senate To Debate Central Bank Policy Next Tuesday, Calls For CautionSaharaReporters earlier reported that the CBN in a memo issued to banks on Tuesday imposed a weekly limit of N100,000 and N500,000 withdrawals on individuals and organisations respectively.
SaharaReporters earlier reported that the CBN in a memo issued to banks on Tuesday imposed a weekly limit of N100,000 and N500,000 withdrawals on individuals and organisations respectively.According to the memo signed by the Director of Banking Supervision, Haruna B. Mustafa, which was obtained by SaharaReporters, “Withdrawals above these limits shall attract processing fees of 5% and 10%, respectively”.
However, the Senate has set next Tuesday to debate the new CBN policy with Senate President Ahmad Lawan and Senate Minority Leader Phillip Aduda calling on the apex bank to approach the policy with caution.
Politicians currently subjecting the lives of Nigerians to laboratory experiment of trial and error. Very unfortunate that we brought in inexperienced managers to run our economic policies for good eight years.
E no Concern them
5k will be ok of you ask me
Vote for a better future
The issue has to be debated
Hope dem too na the same 100k like the masses o.
Wetin they wan talk kwanu. The Hi have it
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Naira redesign: Cash withdrawal above N100,000, N500,000 attract 5%, 10% chargesThe Central Bank of Nigeria, CBN, has issued a revised cash withdrawal policy, stating that cash withdrawals above N100,000 and N500,000 will henceforth It’s no longer a new news to us Naija is gone from worse to nothing What's the idea behind this protocols? I wonder why all such of changes are happening these days!
Source: DailyPostNGR - 🏆 11. / 59 Read more »
BREAKING: Nigerian Central Bank Limits Cash Withdrawals To N100,000 A Week For Individuals, N500,000 For Organisations | Sahara ReportersThe Central Bank of Nigeria has imposed a weekly limit of N100,000 and N500,000 withdrawals on individuals and organisations. The policy will take effect from January 9, 2023. A memo issued to banks on Tuesday, signed by the Director of Banking Supervision, Haruna B. Mustafa, and obtained by SaharaReporters, says, “The maximum cash withdrawal over the counter by individuals and corporate organisations per week shall henceforth be N100,000 and N500,000 respectively.” “Withdrawals above these limits shall attract processing fees of 5% and 10%, respectively,” it added. I no kukuma get money for account.waiting concern bicycle and filling station P O S nkor? The country is officially broke .Buhari, you did this one .
Source: SaharaReporters - 🏆 9. / 63 Read more »
JUST IN: CBN limits cash withdrawals to N100,000 weeklyThe CBN directs that only N200 and lower denominations should be loaded into banks' ATM machines. We will start burying money for ground. This will not work. How can you say maximum withdrawal in a week is 100k, meaning a day is 20k whereas a bag of rice is N35k.... Fake news
Source: PremiumTimesng - 🏆 3. / 78 Read more »
New Naira: CBN limits withdrawal from banks to N100,000 per week, N20,000 daily through POS - Daily TrustThe Central Bank of Nigeria (CBN) has pegged maximum over the counter (OTC) cash withdrawal per week for individuals at N100,000 and N500,000 for corporate organisations. Ok 😂😂 😂. Mumu set of people
Source: Daily Trust - 🏆 13. / 51 Read more »
BREAKING: CBN Slashes Daily Withdrawal Limit To N20,000Ahead of the release of the newly redesigned Naira notes, the Central Bank of Nigeria (CBN) has made good its warning that it will greatly restrict the use of Good and great news They’re not serious! Are you guys for real? The rich will rub the poor and still come up with measures to hurt the innocent citizens. This same elites will still use their influence and withdraw as much as they want. Laws are meant for the poor.
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Actress Nkechi Blessing wins N250,000 at dance contest organised by Ooni's palaceNollywood actress, Nkechi Blessing Sunday, has revealed how she won 250k at a dance competition hosted by the palace of the Ooni of Ife. The actress took The esteemed horny of Ife. Make she no get belle for King 👑 ooh Gradually, you are inching closer to the oder room, where you want to be, right?
Source: Daily Trust - 🏆 13. / 51 Read more »