Tag: CBN lifts restriction on cash deposits into domiciliary accounts

CBN lifts restriction on cash deposits into domiciliary accounts

Jun 19, 2023

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by

Olumide Akinrinlola

in Business

THE Central Bank of Nigeria, CBN has ordered banks to allow customers to have unfettered access to funds in their domiciliary account. According to the CBN, domiciliary account holders are permitted to utilize cash deposits not exceeding $ 10,000 per day or its equivalent via telegraphic transfer. Director, Corporate Communications, Department, CBN, Dr. Isa Abdulmumin,…