Nigerian Central Bank Increases Cash Withdrawal Limits After Receiving ‘Feedback From Stakeholders’ – Africa Bitcoin News

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Barely a month after saying the limiting of money withdrawals to beneath $50 per week, the Central Bank of Nigeria stated on Dec. 21 that people will be capable of withdraw an equal of $1,120 per week beginning on Jan. 9, 2023. The central financial institution stated people and company organizations withdrawing quantities exceeding the brand new limits could be required to pay processing charges of three% and 5% respectively. CBN’s Digital Currency Push The Central Bank of Nigeria (CBN) has stated that beginning on Jan. 9, 2023, particular person banking shoppers will be capable of withdraw an equal of

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