The maximum weekly limit for cash withdrawals by individuals and corporate organizations through all channels has been raised by the Central Bank of Nigeria (CBN) to N500,000 and N5,000,000, respectively.
This was stated by the CBN in a letter sent to banks on Wednesday.
The apex bank claimed it based its choice on input from stakeholders.
The weekly cash withdrawal cap for people set by the apex bank many weeks ago has sparked controversy in the political arena.
Details later…
The Techeconomy Podcast is a thought-leadership show exploring the powerful intersection of technology, business, and the economy, with a strong focus on Africa’s fast-evolving digital landscape.
Africa’s innovation ecosystem is evolving, but where will the funding for the next generation of startups come from?
In this edition of the Techeconomy Business Series (TBS) May 2026, industry experts explore how local capital, venture debt, and smarter investment structures are redefining startup growth and innovation across Africa.
🎙️ Featured Speakers:
* Ebunoluwa Ashley-Dejo
* Damilare Davola
* Success Ajilore (STN & Accelerated Plus)
Key conversations in this webinar include:
✔️ The future of startup financing in Africa
✔️ Venture debt and alternative funding models
✔️ The role of local investors in scaling innovation
✔️ Sustainable investment strategies for African startups
✔️ Opportunities and challenges in the African tech ecosystem
Subscribe for more conversations shaping Africa’s digital economy and innovation landscape.
#TBS2026 #AfricanInnovation #VentureDebt #StartupFinance #TechInAfrica #Techeconomy #AfricanStartups #InnovationEconomy
