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Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week (1418 Views)

CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly / CBN Drops ATM Withdrawal Limit To N20k/Day / CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 (2) (3) (4)

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Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by yashau(m): 7:07pm On Dec 21, 2022

1 Like

Re: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by yashau(m): 7:08pm On Dec 21, 2022
cry
Re: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by Switruth: 7:09pm On Dec 21, 2022
How true ? Then why Emefiele dey japa?
Re: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by Buhari4sale: 7:21pm On Dec 21, 2022
Hmmmmm Emiefele.. You no wan go jail. Na lie, you must go
Re: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by jetwonder(m): 7:32pm On Dec 21, 2022
grin Hmm, emi lo kan
Re: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by Obaofaba: 7:38pm On Dec 21, 2022
If true then that's fine and the only reasonable thing to do.

Did he take some nkpumiri before?

He just has to go. He's incompetent. Very shallow upstairs. Not worthy of that office. Lower the bar of the office to an all time low.

Oversaw massive naira decline never witnessed before.

Enriching the banks at our expense. Withdraw money you are charged. Deposit, you are charged. Transfer, you are charged. Receive deposit, you are charged.

Other bank withdrawal through the ATM, you will only get 10k per withdrawal but in your bank, you can withdraw 40k at a time, thereby paying 35 naira after the 3rd withdrawal in a month not mentioning 4 naira per sms received. And he introduced it immediately he was hired.

Banning importation of goods we don't have an advantage there killing the naira and he wished to achieve the opposite. Dollars rose from 400 to an all time high at 830 as a result of this Ill time policy.

We used to buy foreign rice at 17k but now buying locally produced at 43k and he didn't reverse the useless policy.

Used foreign cars were used to be bought at 700k at the average now 2 million plus due to hash policies.

Sack him now to save our economy!!!
Re: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by loosecanon50(m): 7:39pm On Dec 21, 2022
That’s a good one. At least even with the increase, it won’t still be enough for the bullion van thief to buy votes

6 Likes 3 Shares

Re: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by jlinkd78(m): 7:40pm On Dec 21, 2022
Noted
Re: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by kayusely70(m): 7:40pm On Dec 21, 2022
That's far far better!
Re: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by Idamunairaland: 7:43pm On Dec 21, 2022
K
Re: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by Suunnn(f): 7:45pm On Dec 21, 2022
Re: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by otomatic(m): 8:28pm On Dec 21, 2022
Is there a circular to that effect on the CBN website?

Modified: circular seen.
Re: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by Betanaija42moro: 8:31pm On Dec 21, 2022
APC politicians hav finally succeeded in put fear in this man.

I keep saying it, things can never get better with this same set of people in power
Re: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by halaqasa: 8:38pm On Dec 21, 2022
E be many things walahi
Re: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by aieromon(m): 8:55pm On Dec 21, 2022

Re: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by emorse(m): 9:01pm On Dec 21, 2022
otomatic:
Is there a circular to that effect on the CBN website?
Yes. I'll get it for you in a minute.
Modified
Here you go
https://www.cbn.gov.ng/Out/2022/CCD/ReNairaRedesignPolicyRevisedWithdrawal.pdf

1 Like

Re: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by kollinz1234(m): 9:04pm On Dec 21, 2022
Corruption has fought back and has won

Emefiele has bowed to pressure and has allowed Tinubu have his way
Re: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by seunmsg(m): 9:12pm On Dec 21, 2022
The reversal is unfortunate. I can’t blame the CBN governor though, the pressure was much from political elites on all sides.

Despite the increase, it’s still a very tight policy and I hope CBN can withstand future pressure and not increase the limit again. To combat corruption, we must run an economy that allows government to trace every single kobo in the system. Keeping trillions of cash outside of the banking system is inimical to the growth of the economy and the fight against corruption.

3 Likes

Re: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by Wiseandtrue(f): 9:17pm On Dec 21, 2022
Switruth:
How true ? Then why Emefiele dey japa?
Emefiele do before he thinks

How is N20,000 per day even feasible
Re: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by CodeTemplar: 9:18pm On Dec 21, 2022
The corrupt elite have used personal corruption of CBN gov to shut him up. Next is for politicians to do massive transfers to foot soldier account and pay commission for every N500,000 withdrawal.
Re: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by LibertyRep: 9:18pm On Dec 21, 2022
Isn't the purpose of the entire policy defeated?
They surely have something on the CBN Governor.
Re: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by Indispensable85(m): 9:29pm On Dec 21, 2022
Better......
20k daily was crazy

1 Like

Re: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by otomatic(m): 9:34pm On Dec 21, 2022
emorse:

Yes. I'll get it for you in a minute.
Modified
Here you go
https://www.cbn.gov.ng/Out/2022/CCD/ReNairaRedesignPolicyRevisedWithdrawal.pdf

Wow. Thanks
Re: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by otomatic(m): 9:35pm On Dec 21, 2022
Re: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by Karlifate: 9:35pm On Dec 21, 2022
cheesy shocked
Re: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by yetunsbay(m): 11:34pm On Dec 21, 2022
otomatic:
Is there a circular to that effect on the CBN website?
check out naw
Re: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by emorse(m): 12:11am On Dec 22, 2022
otomatic:


Wow. Thanks
My pleasure
Re: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by akpenlegedu: 10:47am On Dec 22, 2022
Second Niger Bridge users will pay
toll - FG


https://www.youtube.com/watch?v=TPwDbEtKenU

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