Naira Falls As CBN Sets New Withdrawal Restrictions - Business - Nairaland
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| Naira Falls As CBN Sets New Withdrawal Restrictions by stjames45: 4:27pm On Dec 07, 2022 |
Following the Central Bank of Nigeria’s (CBN) introduction of new cash withdrawal limitations via over-the-counter (OTC) and other channels, the value of the Naira decreased on Tuesday in the foreign exchange markets. The CBN stated on Tuesday that it will cap individual cash withdrawals at N100,000 OTC and charge a 5% processing fee for sums over the cap. The cap for corporate organizations is N500,000, with an additional 10% fee for sums above the cap. Full:https://technomymagazine.com/2022/12/07/naira-falls-as-cbn-sets-new-withdrawal-restrictions/ |
| Re: Naira Falls As CBN Sets New Withdrawal Restrictions by faceland: 8:44pm On Dec 07, 2022 |
Still have one month before the new policy would be put into action. https://www.youtube.com/watch?v=RfaIEnw15w0 |
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