If you are a #trader out there (or interested in trading) and need to learn how the new CBN cash withdrawal limits will impact your business and taxes, please view this webinar recording.
Please note however, that the Central Bank of Nigeria has now reviewed the cash withdrawal limit policy, following feedback from stakeholders.
Individuals can now withdraw up to N500,000 per week, and corporate organisations, up to N5million per week, across all channels.
Policy will still be effective from 9/01/23.
Business men and women who need more cash weekly for trading, are encouraged to register their businesses with the Corporate Affairs Commission. This will enable them open business bank accounts so they can benefit from the higher cash withdrawal limits allowable for corporate organisations.
For further enquiries or personalised advisory on the subject, please send an email to clients@vi-m.com.