ABUJA, Nigeria – Gather round, my people! The Central Bank of Nigeria (CBN) don drop new rules wey make withdrawing cash no be wahala again. Starting from January 1, 2026, individuals fit chop up to 500,000 naira weekly. Corporates sef go fit collect 5 million naira. Na serious business wey dem dey tackle o!
Why dis change? Na because the CBN wan reduce the wahala of managing cash and stop money-laundering runs wey don dey cause gbege for our economy. (You know say money no dey carry any house when e want run for night, right?) Dis move come after dem notice say Nigeria dey under serious monitoring from Financial Action Task Force (FATF) because of illicit flows of money.
Before this time, if you wan withdraw more than your usual, you fit be for special authorisation drama, but now dem don remove all those limbo. Na so we go fit manage cash better, and everybody dey happy. But wait, no get mouth for this free cash matter, oo! If you manage to collect more than the limits, una go pay small fees – 3% for individuals and 5% for corporate accounts. (Na wetin dem dey call “make we chop money small, small.”)
Still, you no go fit carry more than 100,000 naira from ATM daily. Just make sure say you dey calculative as these withdrawals go add to your weekly limit. (Psst, we go dey watch you sharp sharp!)
CBN think say dis new policy go ginger people make dem move away from cash and embrace electronic transactions. Gbam! If you dey wonder how to manage your cash smoothly, no panic, dem dey encourage you to put your cash for bank; e go help us all grow. And dem don clear say embassies and donor agencies wey dey enjoy special treatment don also join the normal rule – no exemption again!
So, as we dey prepare for this cash revolution, make we no forget the lessons of yesterday, no be only cash we fit manage wisely – make we try electronic payments, too. Na dis way we go fit move our economy forward, abi no be so? Time to shine light on our money matters, e go too sweet!
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