Central Bank Ends Limit on Cash Deposits
A brief but significant announcement from the Central Bank of Nigeria brought renewed attention to commercial banking halls on Tuesday. The apex bank confirmed that it has ended the cash deposit limit that previously restricted how much customers could place into their accounts. Bank officials explained that the decision forms part of an ongoing effort to ease transactions and restore confidence in the banking system. The order means customers can now deposit any amount without the earlier thresholds that created long queues and tense moments for many account holders. The circular, released in the afternoon, moved with the quiet force of a policy shift that may reshape daily financial routines. There was a sense of careful expectation as customers awaited full implementation across branches nationwide. The banking sector, already adjusting to months of reforms, now prepares for another change that could alter the flow of cash and conversation alike.
| 2025-12-04 07:43:16