Tinubu's Aide Dispels Rumors of ₦500,000 Card Payment Limit in Nigeria
An aide to Tinubu clarified that there is no ₦500,000 limit on card payments in Nigeria, refuting social media misinformation. The Central Bank of Nigeria recently announced a revision to its cash withdrawal rules effective January 2026, aiming to reduce cash management costs, strengthen security, and combat money laundering risks associated with heavy reliance on physical currency.
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