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CBN to allow $10k withdrawals daily as it lifts cash deposit restrictions on domiciliary accounts

CBN to allow $10k withdrawals daily as it lifts cash deposit restrictions on domiciliary accounts

The Central Bank of Nigeria (CBN) has announced that cash deposits into domiciliary accounts will no longer be restricted.   The statement by the apex bank came after a meeting with the bankers’ committee on Sunday, June 18 as regards guidance to Deposit Money Banks (DMBs).  The guidance includes allowing …

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