CBN Removes Cash Deposit Limitation on Domiciliary Accounts, Permits Daily Withdrawals of up to $10,000

The Central Bank of Nigeria (CBN) has announced the removal of cash deposit limits on domiciliary accounts, allowing account holders to withdraw up to $10,000 per day. The CBN made this declaration in a statement released on Sunday, following the issuance of new guidelines in the foreign exchange market on June 14. The statement highlighted […]