Apr 1, 2012

Cashless Policy Takes effect

The earlier suspended cashless Lagos policy of the Central Bank of Nigeria(CBN) has now taken off with effect from 01/04/2012. In this new dispensation, CBN made few changes to the original policy. The cumulative daily limits have now been increased to N500,000 and N3,000,000 respectively for individual and corporate accounts, from the earlier N150,000 and N1,000,000 respectively for individuals and corporate