By Yemi Yusuf
As the President Bola Tinubu administration continues to tinker with the nation’s monetary policy to jump start the economy, the Central Bank of Nigeria (CBN) has lifted restrictions on cash deposits into domiciliary accounts.
Similarly, the bank has also stated that
customers “shall have unfettered and unrestricted access to funds in their accounts”.
In a statement issued after a meeting with the bankers’ committee on Sunday, the apex bank said it was part of the policy changes being put in place to make banking more amenable to customer needs.
The meeting was meant to provide further guidance to deposit money banks (DMBs) on the recent operational changes to the foreign exchange market and to discuss the implementation and implications of the policy changes for the banking public.
