JUST IN: CBN Lifts Cash Deposit Restriction On Domiciliary Accounts, Allows $10k Withdrawals Daily

The Central Bank of Nigeria (CBN) has announced that cash deposits into domiciliary accounts will no longer be restricted. The Central Bank of Nigeria (CBN) issued a press statement on June 18, 2023, providing further guidance to Deposit Money Banks (DMBs) on the operational changes to the foreign exchange market announced on June 14, 2023. … Continue reading JUST IN: CBN Lifts Cash Deposit Restriction On Domiciliary Accounts, Allows $10k Withdrawals Daily