Business

CBN Imposes Restrictions On Large Cash Withdrawals

VOICE AIR MEDIA

THE Central Bank of Nigeria governor, Godwin Emefiele, has said that restrictions will be imposed on large cash withdrawals.

He said this on Wednesday at the unveiling of the newly-redesigned Naira notes at the State House.

“We will go forward to insist that cashless will be nationwide. We will restrict the volume of cash that people will withdraw over the counter.

If you need to withdraw large volume of cash, you will fill uncountable forms,” Emefiele vowed.

VAM News

Recent Posts

Tinubu Okays Establishment Of New School, Seeks Senate Approval

President Bola Tinubu has asked the Senate to approve a bill seeking to establish the…

14 hours ago

Police Recover Girl’s Severed Head, Wrist in Osun, Nab Suspect

Operatives of the Nigeria Police Force have arrested a suspected ritualist, Saheed Babalola, for allegedly…

19 hours ago

Newspaper Review: Define Political Alliances, Empower Youths, Publisher Abioye Tells Tinubu

Political Realignments, Youth Exclusion and Cost of Living Dominate Abioye's Newspaper Review Analysis OSUN: Media…

20 hours ago

Osimhen’s heavily pregnant girlfriend involved in accident

Stefanie Kim Ladewig, the eight-month pregnant girlfriend of Super Eagles striker Victor Osimhen, has escaped…

23 hours ago

How Rising Rents Worsen Student Housing Situation in Ondo Varsity AAUA

As enrolment continues to rise and economic conditions remain tight, student housing crisis has deepened,…

1 day ago

Singer Toluwanisings Is Dead

Popular Nigerian gospel singer, Olayemi Bayonile Bolaji, known as Toluwanisings by many of fans is…

2 days ago