Emefiele Says There Will Be No Change To The Cash Withdrawal Limit After Buhari’s Speech.
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has stated that the CBN will not be rigid in its implementation of a new policy limiting cash withdrawals.
Individuals are limited to withdrawing N100,000 per week and businesses are limited to withdrawing N500,000 per week from OTC locations, as per limits set by the CBN. Asked by reporters after a meeting with President Muhammadu Buhari in Daura, Katsina state, Emefiele explained that the policy was put in place to help usher the economy into the digital…