Eko Hot Blog reports that Commercial banks in the country are gradually raising the daily withdrawal limit on automated teller machines (ATMs) to N200,000, several months after implementing restrictions on cash withdrawals. In an email notice to customers sighted by Eko Hot Blog, Zenith Bank said customers can now ‘perform cash withdrawals of up to … Read more
By Praise Benjamin The Central Bank of Nigeria has in recent time been working tirelessly to regulate the system’s economy and get complete control of “all cash in circulation” throughout the country. This is a laudable move, as it promises to offer numerous advantages, such as lowering the inflation rate, regulating prices of goods, monitoring … Read more
State Governors have rejected the withdrawal limit policy by the CBN. EKO HOT BLOG reports that the Nigeria Governors Forum (NGF) has rejected the N100,000 cash limit recently imposed by the Central Bank of Nigeria (CBN), stressing that the policy will hurt the economy and Nigerians living in rural areas. The forum, after its meeting … Read more