CBN New Currency Policy Effective January 9, 2023

CBN New Currency Policy Effective January 9, 2023 Daily ATM withdrawal: #20,000 Daily POS Withdrawal: #20,000 Above #20,000: Must be done electronically Weekly Withdrawal Limit: #100,000 Highest Denomination to be dispensed by ATM: #200 notes. Maximum withdrawal at the Counter weekly: (Individual) #100,000 Maximum withdrawal at the Counter weekly (Corporate Organization) #500,000 Processing Fees for withdrawal above limit (a) Individual: 5% Processing Fee (b) Corporate Organization: 10% Processing Fee 3rd Party Cheque above #50,000 not eligible for payment above the counter Haruna B. Mustafa Director Banking Supervision Central Bank of Nigeria.