CBN approves over-the-counter withdrawals - ITREALMS

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The Central Bank of Nigeria (CBN) has approved over the counter withdrawals for the new Naira notes, reports ITREALMS.

Just like in the Automated Teller Machines (ATM), the withdrawals over the counter has a limit of N20,000.

ITREALMS gathered that by this updated approval, the apex bank said, it would help in easing the pressures and queues at ATM and banks.

Also, its expected to ensure effective distribution of the new Naira notes.

While the details still emerging, most banks have advised their customers to use their digital channels including registered Point of Sales (POS) agents, mobile apps and internet banking platforms for transactions.

Chuks Egbune/Editor

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