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Saturday, January 16, 2016

CBN Lifts Ban On Cash Deposit Into Domiciliary Accounts


Around this time last year, the Central Bank of Nigeria banned all cash deposits into domiciliary accounts.
In a circular passed around few days ago, CBN says the ban has been lifeted

Amount to be transferred is however subject to a daily cumulative limit of $10,000.

The new policy has been communicated to bank customers.

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