Monday 19 January 2026
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allafrica - 2 month ago

Nigeria: CBN Tweaks Cash Deposit Policy to Curb Costs, Security Risks, Money Laundering

[This Day] The Central Bank of Nigeria (CBN), yesterday announced the removal of all limits on cash deposits, and raised the weekly cash withdrawal limit across all channels to N500,000 from N100,000 for individuals, and N5 million for corporates.


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Tweaks

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Deposit

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Policy

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Costs

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Money

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Laundering

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