Cash withdrawal

NFIU Bans Cash Withdrawals From Government Bank Accounts

Jan 6, 2023.Jan 5, 2023. by Philip Ibitoye

NFIU has banned cash withdrawals from government bank accounts. All relevant government transactions will be carried out on the basis of electronic transfer from March 1. Under the guidelines, only the President can give a waiver for any cash above the approved daily threshold to be withdrawn. Eko Hot Blog reports that the Nigerian Financial … Read more

CBN Provides Fresh Update On Cash Withdrawal Limits

Dec 23, 2022. by Praise Ben

CBN has provided fresh information on the Cash withdrawal limits. EKO HOT BLOG reports that Central Bank of Nigeria (CBN) has said the new cash withdrawal limits was a continuation of the cashless policy launched in 2012. The Deputy Governor of Financial System Stability, CBN, Aisha Ahmad, made this known while appearing before the House … Read more