D CBN gov was appointed by Jonathan. If Buhari shld remove him, u wld still cry 2 d heavens.

signature2012:
Seriously this issue is giving me a real big concern.

This CBN governor get sense @ all?

Why is this administration keep dishing out policies that will punish or make the masses go through hell.

Those people who shouted "sai baba " too will kuku be affected also.

We warn you guys,but you claimed you wanted change.

Is this a POSITIVE or NEGATIVE change?

Lalasticlala....

bayulll01:


You stupidity and ignorance no get part 2,firstly ask yourself.

Can you bring america master card or visa and use it here in nigeria.

Someone has NOTHING reasonable to say but open his mouth to actually confirm his EMPTINESS to all.


[img]https://www.nairaland.com/avatars/ngpqy14me9hk5qty8uc53ap8iowc4elq1111115[/img]



www.nairaland.com/attachments/2855404_fbimg1442168436118_jpeg3abf4555427b1803302e6b4f3ffbbb15

Has some banks started implementing it? I've not been able to withdraw with my ATM. My money is stuck on there. And I needed to make use of the money. And it's happening to so many people I know. Some are able to withdraw very little money sometimes, but some other times it doesn't work.

AbuMaryam1:
The policy will force us by made in Nigeria products, only gullible and corrupted minds are making noise. Becareful I stay abroad and I'm happy with this.

what exactly do you know about made in Nigeria products when you stay abroad?

Do you depend on naira for business transactions? I am sure you have a foreign account. Please if the shoe doesn't fit, don't wear it and act like you know.

Which products are currently being made in Nigeria that you know of?

Is there a regular power supply for manufacturers to power their machines and others with? Or they should depend on fuel which is not even available at the moment?

Do you know it is cheaper to import toothpick than to produce it locally? Why? Because of the lack of steady power supply amongst other factors.

You don't just come up with an idea over night and expect it to work just like that.

Even good ideas are not implemented overnight, there has to be careful planning, the structure of the plan should have been put in place or else that good plan will never be successful.

bayulll01:


You stupidity and ignorance no get part 2,firstly ask yourself.

Can you bring america master card or visa and use it here in nigeria.

Can you open a bank and deposit naira in america or other european nations.

Can you use america bank master card and shop here in nigeria,if you can answer those questions first I will help you reset your brain.

N.B there are many loop holes that this current administrator is trying to block since its now paramount that both yam and goat cannot live together,instead let's keep the yam from the goat or both kept apart.

Its a temporary policy,most banks are paying too much for your silly amount you withdraw in another country or your idiocy 5dollar hosting you are paying

Maka why? Who let you out of your cage?

Receive sense!

1. Yes.
2. No, because naira is not a universal currency. The USD is.
3. Yes.

Chai, the last statement is a testament of your cluelessness.

We need to do IQ test before giving people PVC. People go dey shout GEJ is clueless, and this Otondo go open mouth talk.

-Lord

santos247:
The new CBN policy is no more news.
Read details here: https://www.nairaland.com/2434811/cbn-restricts-use-naira-denominated#35603203.

However, as a Nigerian in diaspora, i want guys to advise what avenues can i explore to access my funds. I am currently schooling in South Africa and my monthly salary is my major means of survival. My naira Master card has been my regular shopping partner.
Smart guys in the house, what options do i have??

Open an account that allows foreign currency inflows DOM Account. I don't know how Banks in SA operate but I expect them to follow global standards. I use a US bank and have no problems making payments and receiving same (As Personal Gifts)

AbuMaryam1:
The policy will force us by made in Nigeria products, only gullible and corrupted minds are making noise. Becareful I stay abroad and I'm happy with this.

force us to buy made in Nigeria goods
Who buys Made in Nigeria goods abroad?
na wa oooooooooooooooooooooooooooooo

Firefire:
First the spending was reduced to $300 Maximum spend per day and $10,000 p.a, now beginning January 1st... nothing at all.

I struggled to pay my hotel bill last week in Zurich, requesting the hotel to please charge me maximum of 296 CHF per day continuously, otherwise they cant make bulk withdrawal when am leaving.

What a monetary policy, what a government of confusion.

Cc: Lalasticlala good morning.

Bro, you need to set up a foreign bank account asap to avoid such embarrassments if you travel frequently.
Cheers.

Buhari's regime will turn out to be the worst. Nigerians go suffer eh. It is only God that will save us. Those things Fayose said are all true whether u believe it or not
Banks are all dropping staff same with oil companies, same with NNPC. Hunger go catch people o.
Buhari is busy taking selfies with his milk and honey children's

santos247:
Those who asked which party i voted for may have this to toy with....

I voted Change..PMB/PYO.

Have we quickly forgotten that this is a CBN policy and not a PMB directive? Who appointed the CBN boss? Is this not a remnant of cluelessness??

then wallow in ur distress!

first withdrawal was reduced to $300 daily and to withdraw $2000 takes days and the service charges that comes with it. after withdrawal the amount my client sent ain't gon be complete anymore. The Fu**ck is wrong with this government? it's like everyone should come back home. now those travelling for business are gonna be trapped also.

chinedu1nig:


Read before you comment... connect your mouth to your brain idiot... did you read anywhere ban is placed importation of machines?
this is a welcome policy except your family is into illegal business..

Nedu, no provoke me this afternoon.

So you did not read that CBN has reduced the amount of dollars they sell to BDCs? With the restrictions on dollar transactions how will the manufacturers pay for importation of high net-worth machines?

-Lord

chinedu1nig:


Read before you comment... connect your mouth to your brain idiot... did you read anywhere ban is placed importation of machines?
this is a welcome policy except your family is into illegal business..

How will they pay for the machines when dollars are scarce?

Importers are owing their suppliers abroad

Banks are owing MasterCard and Co. Dollars

That is the exact reason CBN came up with this policy, because there is no dollar to offset debts.
Then you say people should import machines and pay with what? Naira?

bayulll01:


You stupidity and ignorance no get part 2,firstly ask yourself.

Can you bring america master card or visa and use it here in nigeria.

Can you open a bank and deposit naira in america or other european nations.

Can you use america bank master card and shop here in nigeria,if you can answer those questions first I will help you reset your brain.

N.B there are many loop holes that this current administrator is trying to block since its now paramount that both yam and goat cannot live together,instead let's keep the yam from the goat or both kept apart.

Its a temporary policy,most banks are paying too much for your silly amount you withdraw in another country or your idiocy 5dollar hosting you are paying

To answer your stupid question. Oh yes I use my American master card in Nigeria and anywhere in the world. And my limit is $2000 usd a day which I can increase.
The only thing I have to do is inform my bank were I am going so the can allow me withdraw to avoid fraud.
Never had any issue with my card anywhere in the world. Hope that answer your questions. So make your contribution.
Those of us that now have biz in Nigeria this government is trying hard to kill it by all means and people are suffering outside Nigeria and your bleeping shit.

spacyzuma:


It is NOT a solution to the wider problem of the Nigerian Naira.

What I offered was a practical, temporary fix to the OP's particular situation.

Yeah. I understand actually. I was just asking an exaggerated question.

It's hell already out here in China. This policy, irrespective of the intentions, is going to kill much more businesses.

This just affects the debitCards attached to a naira account and not the ones attached to a Dollar account. Pls People should have their informations right. If anyone has contrary Information that can prove me wrong pls paste link.

EternalTruths:
First tell us the party you voted for.

I seriously Concur

signature2012:


Very wicked bro.Their kids and family won't be affected o.All they will do is to go to their inner vault and bring out dollars for them,when they come abroad,they will spend it lavishly.Na we the masses go suffer am.

When last did you hear them cry "sai baba"?They are the ones that will suffer it more,cause they have put much hope on the " body odour" baba and he has disappointed them.

Where is even my friend " passhingshot"?please your attention is needed here.

Bros no go get high blood pressure o.
Keep calm and wait till 2019 then let your vote do the talking.

Btw Sai Buhari .

repogirl:
How will they pay for the machines when dollars are scarce?

Importers are owing their suppliers abroad

Banks are owing MasterCard and Co. Dollars

That is the exact reason CBN came up with this policy, because there is no dollar to offset debts.
Then you say people should import machines and pay with what? Naira?

E tire me for these guys I swear. If people with access to the Internet, who should be educated and informed can reason like this, how much more the average people on the street without the privilege.

I blame all you dumb people dat did not see the signs from september.... 2 things were obviously gonna happen to the naira ....... Its free fall for sure 1.5milluon naira is worth lik 1 million in usd now..... 2Bd stuff was dat wif time ur daily spendin limit wud reduce further yet u dumb ppl stayed comfy wer seein freefall of naira and left ur money in ur naira mastercard...... Your naira is worth poo now una neva see anyfin..... Western union charges 14% of wat u wanna send not sure of moneygram so still losses fo u...... Dis newest policy wil ride on til at least march next year .... And usin western union beta get ready fo stories of 419 cos some ppl once u dem ur naira i aint seeing no rand ntoi

I know my nigerian brother and sisters... they will surely device a way.

santos247:
Those who asked which party i voted for may have this to toy with....

I voted Change..PMB/PYO.

Have we quickly forgotten that this is a CBN policy and not a PMB directive? Who appointed the CBN boss? Is this not a remnant of cluelessness??

The rate at which bubu's zombies online are fast loosing their thinking faculty ehn

So it's the CBN gov that now dictates policy whether the one with body stenching odour likes it or not

U might be right tho
The expatriate cares only about attending owanbe parry

bayulll01:


You stupidity and ignorance no get part 2,firstly ask yourself.

Can you bring america master card or visa and use it here in nigeria.

Can you open a bank and deposit naira in america or other european nations.

Can you use america bank master card and shop here in nigeria,if you can answer those questions first I will help you reset your brain.

N.B there are many loop holes that this current administrator is trying to block since its now paramount that both yam and goat cannot live together,instead let's keep the yam from the goat or both kept apart.

Its a temporary policy,most banks are paying too much for your silly amount you withdraw in another country or your idiocy 5dollar hosting you are paying

First,i expected you to reply my post without insult,but since have opened your stinking dirty mouth to spew trash I will give u what u need.

You are a bloody illiterate,you can use your American mastercard to make withdrawals in naija.

2)You are a big FOOL,if you are to open account in a foreign country,u are meant to use their currency to do that and not your naira.

3)You are a disgrace to your family,u can use your American mastercard to shop anywhere in the world so as far their is a mastercard logo their.

4)Is you that need a brain reset,cause u know nothing,you are just been gullible,call you an illiterate is an under statement and a slap on those who are illiterates.....bloody idiot saying someone is stupid where as you are the most STUPID person on this planet earth.

#EKPA.

AbuMaryam1:
The policy will force us by made in Nigeria products, only gullible and corrupted minds are making noise. Becareful I stay abroad and I'm happy with this.

the topic is how to pay for your tuition in overseas and not to buy made in Nigeria.




Saii baba dulapo

AbuMaryam1:
The policy will force us by made in Nigeria products, only gullible and corrupted minds are making noise. Becareful I stay abroad and I'm happy with this.

Yes you stay abroad but work as a gate man . Some Nigerian lectures are studying abroad. They depend on salary and tetfund.

LordAdam:


You stay abroad shebi? Uya mind your business. As long as you are not directly affected by the policies. Shut your trap!

See ya mouth like made in Nigeria products. The machines to make the products, where will they come from? How will the manufacturers pay for them? How many products do we produce now? How many do you think we would start producing all of a sudden? What do you even think we can produce in Nigeria that we are not already producing. Guy hold yourself oo...

-Lord

Fratello don't mind the MALLAM that's how they reason, spell from the front or from the back, a MALLAM remains a MALLAM.

anonimi:


Bro, you need to set up a foreign bank account asap to avoid such embarrassments if you travel frequently.
Cheers.

How do you think I will fund the foreign bank account ?

My income are all in Nigerian Naira.

This issue is simple, you have naira and you want dollar, you tell your local bank to convert your naira to dollar, they told you they do not have enough dollars to do that, what will you do?
You look for a local substitute for the product you intend to buy or you get a local products or services you can sell to earn forex. It's a painful policy but it is the best the government can do for now to save the economy but If you earn forex you are good to go.

LordAdam:


E tire me for these guys I swear. If people with access to the Internet, who should be educated and informed can reason like this, how much more the average people on the street without the privilege.

Reasoning clearly is still quite hard for a lot of people, that is why we are where we are today.

wait o, is it now impossible for foreigners to open bank accounts in foreign countries? i mean, y depend on naira card??

signature2012:


Very wicked bro.Their kids and family won't be affected o.All they will do is to go to their inner vault and bring out dollars for them,when they come abroad,they will spend it lavishly.Na we the masses go suffer am.

When last did you hear them cry "sai baba"?They are the ones that will suffer it more,cause they have put much hope on the " body odour" baba and he has disappointed them.

Where is even my friend " passhingshot"?please your attention is needed here.

You won't find that IB foool Passingshot here

Firefire:


How do you think I will fund the foreign bank account ?

My income are all in Nigerian Naira.

open a dollar account in your Nigerian bank, you ask for a dollar Visa card . You then buy dollars with your naira using the bank agent and deposit in your dollar Visa account.

They will charge you $5 dollars or thereabout ontop whatever the black market price is. Then you can operate straight from the dollar Visa card.