As robbery attacks on business outlets in various parts of the country escalate, there are indications that the Central Bank of Nigeria (CBN) is under fresh pressure to tamper with the threshold set for daily withdrawal and lodgement for corporate customers in its cashless policy.
According to the policy, commencing from June 1, a daily cumulative limit of N500, 000 and N3 million on free cash withdrawals and lodgements by individual and corporate customers respectively was approved by the CBN.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article