CBN withdrawal limit policy go affect businesses – Financial expert dey warn

Di withdrawal limit wey Central Bank of Nigeria, CBN announce don dey identified as policy wey go affect small businesses in Nigeria.

E dey feared say di policy go increase di cost of doing business for small-scale business owners for Nigeria.

FOR MORE NEWS: Banks don reconfigure ATMs, new naira circulation go start today

Under di new withdrawal policy, di CBN restrict di maximum weekly cash withdrawal over di counter (OTC) by corporate organisations and individuals to N500,000 and N100,000, respectively.

Di new withdrawal regime put di maximum cash withdrawal per week via Automated Teller Machine (ATM) for N100,000. E mean say na N20,000 go be maximum cash withdrawal daily.

CBN bin announce this update for inside letter to commercial banks for di country.

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