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Tag Archives: Cash

Nigeria Imposes Restrictions On Cash Withdrawals

Nigeria’s central bank has limited weekly over-the-counter cash withdrawals by individuals and corporates to 100,000 naira (US$225; £186) and 500,000 naira ( US$1,125; £928) respectively. This is in line with its policy to promote cashless transactions, it said.   It comes days after the West African country launched new banknotes. …

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