Financial Express
In an effort to advance its “cash-less Nigeria” policy and promote the use of the eNaira, Nigeria’s central bank’s digital currency, the country has drastically reduced the amount of cash that individuals and businesses can withdraw (CBDC), as reported by Cointelegraph.
Cointelegraph further noted that the circular, the Central Bank of Nigeria stated that individuals and businesses would now be restricted to withdrawing no more than $45 (20,000 Nigerian naira) per day and $225 (100,000 naira) per week from ATMs.