Post #731

Update on the New CBN Policy on Naira Withdrawals Following the launch of the redesigned Naira notes by the CBN and in line with her cashless policy, the following limits will apply on Naira withdrawals from January 9th, 2023 * The maximum cash withdrawal over the counter per week is N100,000 (individuals) & N500,000 (corporate) * Withdrawals above these limits shall attract fees of 5% & 10% respectively * The maximum cash withdrawal via ATM is N20,000 per day and N100,000 per week * Naira notes of N200 and below are only withdrawable via ATM * The maximum cash withdrawal via POS terminals is N20,000 per day