CBN Raises ATM Withdrawal Limit to N100,000 Daily
The Central Bank of Nigeria (CBN) has announced an upward review of cash withdrawal limits across all banking channels.
In a circular issued on Tuesday, the apex bank increased weekly withdrawal limits to N500,000 for individuals and N5 million for corporate account holders.
Under the revised policy, ATM withdrawals are now capped at N100,000 per day, with a cumulative limit of N500,000 per week.
The CBN said the adjustment is part of ongoing efforts to improve cash accessibility and ease financial transactions nationwide.
More details are expected as banks begin implementing the updated directive.
