CBN’s Withdrawal Limit Takes Effect Amid Concerns Over New Naira Notes
The cash withdrawal limits set by the Central Bank of Nigeria (CBN) become effective today, January 9, 2023 amid concerns over the slow spread and quality of three newly redesigned naira notes. The CBN had on December 6, 2022, ordered Deposit Money Banks (DMOs) and other financial institutions to ensure that weekly over-the-counter (OTC) cash […]
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