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Tag: Cash withdrawal limit

New naira note: CBN insist on January 31st deadline
Banking

We’re not hoarding new naira, banks debunk CBN’s claims

Oluwanifemi Ojo   Commercial bank operators in Nigeria have disputed assertions made by the Central Bank of Nigeria that they are hoarding naira notes despite having enough supply.   The claims of the Central Bank of Nigeria were countered by the officials of commercial banks that appeared before the ad hoc committee of the House […]

News

CBN reveals overall benefit of cash withdrawal limit

The Central Bank of Nigeria has stated that the cash withdrawal limit is not anti-people. According to The PUNCH, this was stated by the Deputy Governor, Financial System Stability, CBN, Aisha Ahmad, on Thursday, while appearing before the House of Representatives. Ahmad represented the CBN Governor, Godwin Emefiele, who had twice failed to appear before […]