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CBN Lifts Saving, Withdrawal Limit on Domiciliary Accounts

CBN Lifts Saving, Withdrawal Limit on Domiciliary Accounts

The Central Bank of Nigeria has announced the removal of cash deposit and withdrawal limits on domiciliary accounts. In a statement by the CBN on Sunday, the new regulation allowed domiciliary account holders to deposit freely, have unrestricted access to funds in accounts, and make up to $10,000 withdrawals daily. Recall …

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