30
05
2025

PAGES

30
05
2025

spot_img

PAGES

Home Tekedia Forum

Tekedia Forum

Forum Navigation
Please or Register to create posts and topics.

Central Bank of Nigeria Cash Withdrawal Limits

The Central Bank of Nigeria (CBN), further to the launch of the new Naira notes has recently revised cash withdrawal limits. This takes effect soon.

Please see the details below:

The maximum weekly cash withdrawal limit across all channels by individuals and corporate organisations will be N500,000 and N5,000,000 respectively
For compelling situations, when cash withdrawals above the prescribed limit are required for legitimate reasons, such requests will be subject to a processing fee of 3% and 5% for individuals and organisations respectively. This is in addition to further requirements as contained in the policy
Third-party checks above N100,000 will not be eligible for payment over the counter, while the extant limit of N10 million on clearing cheques still subsists

source: FCMB

Register for Tekedia Mini-MBA edition 17 (June 9 – Sept 6, 2025) today for early bird discounts. Do annual for access to Blucera.com.

Tekedia AI in Business Masterclass opens registrations.

Join Tekedia Capital Syndicate and co-invest in great global startups.

Register to become a better CEO or Director with Tekedia CEO & Director Program.