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Nigeria to reduce ATM daily and weekly cash withdrawal limits to N20k and N100k to encourage the use of eNaira

Nigeria to reduce ATM daily and weekly cash withdrawal limits to N20k and N100k to encourage the use of eNaira

Cash withdrawal limits – Following its quest to curb the volume of cash in circulation given the newly redesigned naira as well as tone down inflation amid other concerns, the Central Bank of Nigeria has introduced revised cash withdrawal limits with effect on 9 January 2023. Given this, the number of cash individuals and businesses […]

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