0:00
Nigeria will begin the practice of full
0:02
cashless economy by January 2023
0:05
according to Central Bank of Nigeria CBN
0:08
News circular on over-the-counter ATM
0:12
the CBN News circular signed by Haruna B
0:15
Mustafa CBN director in charge of
0:18
banking supervision issued and made
0:20
available on Tuesday indicated that the
0:22
cashless economy will begins on January
0:26
according to the CBN circular
0:28
third-party check above 50 000 naira
0:31
will no longer be eligible for
0:32
over-the-counter withdrawal this is
0:34
against the previous partial cashless
0:36
policy of 150 000 per third party check
0:40
the new CBN circular mandated all money
0:42
deposit banks financial institutions and
0:45
microfinance Banks to enforce and ensure
0:47
all Bank customers comply with the
0:50
the policy limit ATM cash withdrawal the
0:53
20 000 naira maximum per day
0:56
all banks are also mandated to load ATM
0:58
with 200 naira denomination only
1:01
Bank customers will only be able to
1:03
withdraw maximum of 100 000 naira cash
1:06
per week via ATM according to the CBN
1:09
new cashless economy policy
1:11
maximum withdrawal at the counter weekly
1:14
for individual customers shall be 100
1:16
000 naira while maximum withdrawal at
1:19
the counter weekly for corporate
1:20
organization shall be 500 000 naira only
1:24
though CBN permit cash withdrawal above
1:26
the set limit of the customer needed
1:28
such cash for legitimate business
1:30
transactions but that must not exceed 5
1:33
million naira for individual clients and
1:35
10 million naira for corporate
1:38
that notwithstanding CBN insists the
1:41
payee must pay 5 processing fees for
1:44
withdrawal above 100 000 naira cash
1:46
limit for individual clients and 10
1:49
processing fees for withdrawal above 500
1:52
000 naira cash limit for corporate
1:55
greater than this is the best policy
1:57
since a Mayfair entered office greater
2:00
than one police bribe will reduce Max
2:03
20K greater than 2. Ransom money will
2:08
urinary in circulation
2:11
greater than four you don't need to buy
2:13
mint again smiley face
2:16
greater than five every ngn disbursement
2:22
greater than the Analyst at just
2:24
underscore Nigerian December 6 2022
2:28
greater than that is the angle your side
2:30
what if you need 150k to sort thing will
2:33
you spend two days to withdraw the money
2:34
or they process it for you at five
2:36
percent charges which will also be
2:38
deducted from your own money greater
2:41
greater than so funny madupay at oceanio
2:44
funny December 6 2022
2:47
greater than to this effect the maximum
2:49
cash withdrawal per week via automated
2:51
teller machines ATM Shelby and 100 comma
2:55
000 subject to a maximum of the N20
2:57
comma 000 cash withdrawal per day with
2:59
only n200 denominations and Below to be
3:02
loaded into the ATM greater than
3:05
greater than arise news at Horizon
