NIGERIA, Dec. 4 -- The revised rules raise weekly withdrawal ceilings to N500,000 for individuals and N5 million for corporate bodies effective January 1, 2026. Daily ATM withdrawals remain capped at N100,000, and all ATM and PoS transactions will now count toward the weekly total.



The CBN also removed cumulative cash deposit limits and scrapped the special monthly waivers that previously permitted larger withdrawals.

The bank explained that the new framework aims to cut cash management costs, improve security, curb illicit movement of funds, and align financial behavior with the realities of a cash-heavy economy.



Financial experts see a more practical and responsive approach. Abuja economist Dr. Salisu Ahmed said the update refl...