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CBN finally buckles, increases weekly cash withdrawal limits

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Bowing to pressure, the Central Bank of Nigeria (CBN) has raised its weekly cash withdrawal limits set for individuals and corporate organisations.

The apex bank increased weekly withdrawal to N500, 000 for individuals while it jacked up that of companies and other corporate organisations to N5 million.

Persecondnews recalls that individual cash withdrawal limit per week was N100, 000 while corporate organisations’ withdrawal was pegged at N500, 000.

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