New CNB 20k daily withdrawal limit
~snip~
I read cbn letter 2 two financial institutions and all I can say is wow. I went on the internet to read the opinions of Nigerians and it's been mixed opinions. While some Nigerians have expressed support for this move others have also registered their displeasure. Have weighed both sides of the coin while some say that 20000 naira limit per day it's not good some others of the opinion that this would discourage corruption for example politicians would not be able to give out so much money as they used to do. All I can say for now is as long as it helps the economy as long as it helps the naira as long as it is going to reduce corruption I support this move. In the end we'll all be fine and would adapt so this new reality.