The Central Bank of Nigeria (CBN) has released a new policy that caps weekly over-the-counter (OTC) cash withdrawals to N100,000 for corporate bodies and N100,000 for individuals. “Withdrawals above these limits shall attract processing fees of 5% and 10%, respectively,” via CBN. This announcement is contained in a circular sent to all Deposit Money Banks … Continue reading CBN announces new policy on cash withdrawals for individuals and corporate bodies