CBN’s New Cash Withdrawal Limits: What Businesses Should Expect from January 1, 2026

The Central Bank of Nigeria has revised cash-related policies and set new cumulative weekly withdrawal limits of ₦500,000 for individuals and ₦5 million for corporate entities, effective January 1, 2026.  Withdrawals above these thresholds will attract fees of 3% for individuals and 5% for corporates. The policy also removes many earlier exemptions and requires banks …
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