CBN Rescind Earlier Decision, Raises Weekly Withdrawal Limits

The Central Bank of Nigeria (CBN) has raised its weekly cash withdrawal limits set for individuals and Corporate Organisations to N500, 000 and N5 million respectively.

The earlier limits pegged individual cash withdrawal per week at N100, 000; while Corporate organisations were limited to weekly withdrawals of N500, 000.

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NDIC Harp On Stakeholders Collaboration On Prudential Thresholds, Regulatory Instruments In Financial System Stability

The Nigeria Deposit Insurance Corporation (NDIC), has said for a viable financial system stability to thrive, there need for collaboration from all stakeholders in the domestic economy.