Naira Redesign: CBN launches cash swap programme in rural, underserved Areas

In furtherance of its Naira Redesign policy and in recognition of the need to maximise the channels through which underserved and rural communities can exchange their Naira, the Central Bank of Nigeria (CBN) today launched a Cash Swap programme in partnership with Super Agents and Deposit Money Banks, DMBs.

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CBN encourages cashless options despite upward review of cash withdrawal limits to N500,000, N5m

WorldStage Newsonline—As the Central Bank of Nigeria (CBN) announced an upward review of cash withdrawal limits to N500, 000 and N5 million for individuals and corporate accounts respectively, it has  encouraged customers to still use alternative channels like Internet banking, mobile banking apps, USSD, POS and eNaira to conduct banking transactions.

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