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CBN Announces Stricter Cash Withdrawal Rules Ahead of 2026: What Nigerians Must Know

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As Nigeria gradually transitions toward a fully cash-lite economy , the Central Bank of Nigeria (CBN) has unveiled a new set of cash-withdrawal policies that will officially take effect from January 1, 2026 . These fresh rules mark one of the most significant adjustments to Nigeria’s financial landscape in recent years, and they are designed to reduce the cost of cash handling, curb money-laundering, strengthen security, and encourage the use of digital payment platforms . For many individuals, small business owners, corporate organisations, and rural communities that rely heavily on cash transactions, these new withdrawal limits will have a noticeable impact. Here’s a full breakdown of what the new policy means, how it works, and why the CBN believes it is necessary. A New Withdrawal Structure for 2026 Under the new rules, the maximum cash individuals will be allowed to withdraw across all channels— ATM , POS , and over-the-counter (OTC) transactions—is ₦500,000 per week . For cor...

Show others how its done, upscale endeavors in handling uncertainty - Matawalle charges recently advanced Armed force officials


The Minister of State for Defence, Dr Bello Matawalle, has charged recently advanced senior officials of the Nigerian Armed force to show praiseworthy authority and strengthen endeavors in the battle against frailty, particularly in the North West and other disturbed aspects of the country.


Significant General Onyema Nwachukwu, Chief, Armed force Advertising, in a proclamation said the Minister gave the charge at the induction service of 47 recently elevated Brigadier Commanders to the position of Significant General at the Military Base camp Order Officials' Wreck 1, Asokoro, Abuja.


As per the assertion, the minister noted that their advancement was a demonstration of their boldness, commitment to obligation and difficult work, adding that it is a compensation for constancy, proficient lead and sacrificial penances.


He featured the requirement for the recently elevated senior officials to show others how its done, move their subordinates and team up with other security organizations to overcome the security challenges in the country.


The minister recognized the thorough course of choosing the advanced senior officials, mirroring their excellent authority abilities, key reasoning and indepth figuring out over their vocations.


He noticed that their commitments to the Military are significant and communicated trust in their persistent support of the country.


Praising the senior officials for the benefit of President Bola Ahmed Tinubu, Matawalle guaranteed of the Central Government's satisfactory government assistance mediations and proceeded with help to the Military of Nigeria.


In his comments at the induction, the Head of Armed force Staff (COAS), Lt Gen Taoreed Lagbaja, congratulated with the recently advanced senior officials on their merited rise and noticed that their skills, perseverance and devotion procured them their advancement.


He valued the mates and groups of the raised senior officials for their comprehension and backing, as well as adapting to nonappearance of guardians, consistently isolated by obligation to country.


The Military Boss featured the requirement for each staff to increase his profession way and reminded the recently raised senior officials of the colossal obligations that accompany their new position.


He encouraged them to continually look for information on discretionary, monetary and political elements, to be coherent and objective in their commitments to the Military, similarly as he charged the senior official to be faithful to the constitution of the Government Republic of Nigeria.

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