The Central Bank of Nigeria has announced major adjustments to its cash-handling regulations, introducing new national withdrawal limits while removing the cumulative deposit cap for bank customers.
In a circular issued on December 2, 2025, and signed by Dr. Rita I. Sike, Director of Financial Policy & Regulation, the CBN said the policy changes aim to cut rising cash-management costs, enhance security, and reduce money-laundering risks in an economy still heavily dependent on cash.
Under the revised rules, individuals may now withdraw a maximum of ₦500,000 weekly across all channels—ATMs, POS terminals, and bank counters—while corporate bodies are limited to ₦5 million. Withdrawals above these thresholds will attract excess charges of 3% for individuals and 5% for companies, shared between the CBN and financial institutions.
The apex bank also abolished the previous cash-deposit limit and related charges, saying the move would boost liquidity and encourage more banking activity. Additionally, special monthly withdrawal waivers of ₦5 million for individuals and ₦10 million for corporates have been discontinued.
The bank said the overhaul was necessary to streamline outdated provisions and align cash-management policies with current economic realities.
