December 8, 2023

godwin night

CBN Governor Godwin yesterday

Nigeria’s central bank has severely limited the amount of cash people can withdraw from ATMs, sparking protests from some of the country’s lawmakers.

The move could wreak havoc in a country where most people are unbanked and use cash instead of electronic payments. Godwin Emefiele, governor of the Central Bank of Nigeria, told the media that the policy aims to drive Nigerians to use cashless payment methods.

Emefiele also said the move would help stop corruption and crime, including payments