CBN exempts mortgage, micro-finance banks from cash limit policy

Commercial banks’ loan to government hits N26trn,says CBN

The Central Bank of Nigeria (CBN) has announced the exemption of primary mortgage banks and Microfinance banks from its cash withdrawal limit. The apex bank issued the directive in a circular tagged, ‘PSM/DIR/PUB/CIR/001/049’, addressed specifically to banks and other financial institutions. The circular titled, ‘Exemption of Primary Mortgage Banks and Microfinance Banks from cash withdrawal […]