Central Bank of Nigeria Pledges Flexibility in Cash Withdrawal Policy

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The Central Bank of Nigeria (CBN) says it will not be rigid on cash withdrawal limits.

The Governor of the Apex Bank, Godwin Emefiele made the pledge to newsmen in Daura, Katsina State, after briefing President Muhammadu Buhari on the status of the economy and the performance of the bank.

Emefiele said the policy on cash withdrawal limit was not meant to hurt anybody, but to strengthen the nation’s economy.

The CBN governor, who said president Buhari, was delighted with the proposed enforcement of the cashless policy, appealed to Nigerians to embrace the policy as presented.

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