No more deposit limits as CBN introduces ₦500,000 and ₦5 million weekly withdrawal caps
Nigeria’s Central Bank has removed all limits and fees on cash deposits, in its most sweeping overhaul of cash-management rules since 2022. From January 1, 2026, customers will be able to deposit any amount of cash into banks without penalties, marking a major shift away from the regulator’s previous restrictions designed to curb the economy’s heavy reliance on cash.
https://techcabal.com/2025/12/03/cbn-introduces-%e2%82%a6500000-and-%e2%82%a65-million-weekly-withdrawal-caps/' target='_blank'>Read Full Story
No more deposit limits as CBN introduces ₦500,000 and ₦5 million weekly withdrawal caps
Nigeria’s Central Bank has removed all limits and fees on cash deposits, in its most sweeping overhaul of cash-management rules since 2022. From January 1, 2026, customers will be able to deposit any amount of cash into banks without penalties, marking a major shift away from the regulator’s previous restrictions designed to curb the economy’s heavy reliance on cash.
Read Full Story