December 3, 2025
By Ayinde Adeleke
The Central Bank of Nigeria (CBN) has announced a review of cash withdrawal limits, increasing allowable withdrawals across all channels to N500,000 weekly for individuals and N5 million for corporate bodies.
The policy update, contained in a circular released on Tuesday, also pegs daily ATM withdrawals at N100,000, with a cumulative weekly cap of N500,000. This represents an adjustment from previous limits introduced under the currency redesign and cashless policy framework.
According to the apex bank, the revision is aimed at easing cash access for households and businesses while maintaining progress toward a more efficient, technology-driven financial system. The CBN noted that the new limits apply to ATMs, point-of-sale (PoS) terminals, and over-the-counter withdrawals across financial institutions.
Banks and other financial service providers have been directed to comply with the revised thresholds immediately.
