Acting IGP Egbetokun, orders withdrawal of mobile police personnel from VIP’s

The Acting Inspector-General of Police IGP, Olukayode Egbetokun, revealed that personnel of the Police Mobile Force, PMF would be withdrawn from VIP’s escort and guard duties, during a conference with the Police Tactical Commanders in Abuja. Acting Inspector General of Police, Olukayode…

CBN bans over the counter withdrawal of new Naira notes

The Central Bank of Nigeria, CBN, has ordered Deposit Money Banks not to pay over-the-counter withdrawals of new naira notes to customers, with immediate effect. Instead, the CBN has directed all banks to load their Automated Teller Machines, ATM’s, with only new…

CBN increases withdrawal limits after review

The Central Bank of Nigeria, CBN, have on Wednesday, 21st December, 2022, increased the weekly withdrawal limits by N500,000,00, against the earlier N100,000,00 that was fixed for individuals, while corporate bodies can now withdraw as much as N5,000,000,00 weekly. This was made…

Naira redesign policy: CBN issues new withdrawal limit at N100,000 weekly, N20,000 daily

According to a new memo to banks issued on Tuesday, 6th December, 2022, and signed by the Director of Banking Supervision, Haruna .B. Mustafa, following the launch of the new resigned note by the President of the Federal Republic of Nigeria Muhamadu…