The Central Bank of Nigeria (CBN) has removed the limit on cash deposits and raised the weekly cash withdrawal limit for individuals across all channels from ₦100,000 to ₦500,000.
The directive was issued in Circular No. FPRD/DIR/PUB/CIR/001/011, dated December 2, 2025.
Under the new rules, corporate customers can now withdraw up to ₦5,000,000 weekly.
Daily ATM withdrawals remain capped at ₦100,000 per customer, but total weekly withdrawals can reach the revised limit of ₦500,000 for individuals.
The circular also ends the special monthly‑authorisation system that previously allowed individuals to withdraw up to ₦5,000,000 and corporate entities up to ₦10,000,000 once per month.
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Excess withdrawals beyond the weekly limits will attract fees of 3% for individuals and 5% for corporate customers, with charges shared between banks and the CBN.
The apex bank said the adjustments are intended to reduce the cost of cash management, improve security, and curb money‑laundering, while aligning policies with current realities in Nigeria’s financial system.
The new cash deposit and withdrawal rules take effect January 1, 2026.