The Central Bank of Nigeria, CBN, has directed all banks to sell foreign exchange to anyone that is willing to purchase over the counter irrespective of whether the person is a customer or not, upon presentation of relevant documentation.
Nigeria Central Bank reviews cash withdrawal limits to N500,000, N5m
The Central Bank of Nigeria (CBN) has announced an upward review of cash withdrawal limits to N500, 000 and N5 million for individuals and corporate accounts respectively. The apex bank also reviewed downward, the stipulated percentage cost for withdrawals above the stipulated limits. This is according to a statement by Haruna Mustapha, CBN’s Director, Banking … Read more