Naira redesign: Cash withdrawal above N100,000, N500,000 attract 5%, 10% charges The Central Bank of Nigeria, CBN, has issued a revised cash withdrawal policy, stating that cash withdrawals above N100,000 and N500,000 will henceforth attract 5 per cent and 10 per cent, respectively, as a measure towards implementing the naira redesign policy. BUSINESSNaira redesign: Cash withdrawal above N100,000, N500,000 attract 5%, 10% chargesPublished on December 6, 2022By Ogaga Ariemu Also, the apex bank disclosed that Automated Teller Machines, ATM will dispense N200 and below denominations only from now on. DAILY POST learnt this in a letter signed by CBN’s director of banking supervision, Haruna Mustafa, to all Deposit Money Banks, other financial institutions, primary mortgage banks and microfinance banks on Monday. According to the letter referenced with the BSD/DIR/PUB/LAB/015/069, a third-party cheque above N50,000 will not be eligible for payment Over the counter, OTC, and maximum ATM with...