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The Central Bank of Nigeria has imposed fresh cash withdrawal limits on individuals and organizations.
A memo signed by the Director of Banking Supervision, Haruna Mustafa, stated that the directive will take effect from January 9, 2023.
According to the memo, individuals will only be able to withdraw N100,000 per week, from over the counter, Point of Sale Machines or the Automated Teller Machines, while organisations can access N500,000 per week.
It also directed banks to load only N200 and lower denominations into their ATM.
