Business
Just in: CBN reduces over-the-counter withdrawals for individuals, companies
The Central Bank of Nigeria (CBN) has announced a new policy that mandates deposit money banks and other financial institutions to ensure that over-the-counter cash withdrawals by individuals and corporate entities do not exceed N100, 000 and N500, 000, respectively, per week.
The revised cash withdrawal limit, contained in a circular issued today by the apex bank and will take effect nationwide on January 9, 2023.
More details shortly…
-
Business5 days agoAbuja gears up for Jetour T2’s rugged-luxury experience
-
Business6 days agoNigeria Business Outlook: Dangote IPO, markets, inflation and naira in focus this week
-
Business6 days agoDangote IPO rush crashes Bamboo login as investors flood platform
-
Business4 days agoDangote: Petrol price gap fuels smuggling as Nigeria faces fresh pump price surge
-
Business4 days agoTinubu’s economic reforms face public confidence test as cost-of-living crisis persists
-
Latest1 week agoHamzat meets Pastor Chris Oyakhilome, hails Christ Embassy’s community impact
-
Business6 days agoAugust inflation faces upward pressure despite disinflation trend – Analysts
-
Business6 days agoHigh fuel, low wages: The economic toll of Nigeria’s post-subsidy era