Regulatory Alerts2025-12-05 | FPR/PRD/INT/CCD/005/015FAQs on Revised Cash Related Policies
The Central Bank of Nigeria (CBN) is implementing revised cash-related policies effective January 1, 2026, to streamline existing regulations and provide clarity to financial institutions and the public. These policies apply to all deposit-taking financial institutions across Nigeria, including commercial, merchant, and microfinance banks. Key changes include reporting requirements for all cash deposits, withdrawal limits for individuals (₦500,000 weekly) and corporate entities (₦5 million weekly), with fees for exceeding these limits. The CBN may periodically review these policies to reflect economic changes.
Tags
payments
monetary
deposits
consumer
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