In obvious surrender to the public pressure and outcry over the recent proclamations by the Central Bank of Nigeria (CBN), the apex bank, has increased the weekly limit for cash withdrawals across all channels by individuals and corporate organisations to N500,000 and N5 million, in that order, reports ITREALMS.
A letter to financial institutions on Thursday, dated December 21, 2022, and signed by the Director, Banking Supervision at CBN, Haruna B. Mustafa, alluded to the fact that they are a listening organisation by increasing withdrawals against earlier announced.
