2016-07-01 | FPR/DIR/CIR/GEN/06/002

Circular to Banks and Other Financial Institutions

The Central Bank of Nigeria has issued a circular to banks and financial institutions, announcing an upward review of transaction limits for Tier I and II accounts. This move aims to deepen financial inclusion and address stakeholder concerns about restrictions on these account types. The new limits for single deposits, cumulative balances, and transaction limits are outlined in the circular.

Nigeria

Central Bank of Nigeria

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