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Nairaland Forum / Nairaland / General / Business / Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry (31255 Views)
Naira Rebounds As Banks Offload Excess Dollars / Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens / Naira Plunges To N472/$ As Forex Scarcity Worsens (2) (3) (4)
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Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by Raphael81(m): 8:28am On Nov 14, 2023 |
Buharideen |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by jumper524(m): 8:29am On Nov 14, 2023 |
This one na just news. No cash shortage for the common man. Except you mean to say billionaires now having restricted access to large chunk of their cars unlike before |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by tctrills: 8:30am On Nov 14, 2023 |
StreetFight:The local fetish drug trafficker was not the idiot that voted in APC. Nigerians are not starving because of the fetish drug trafficker, they are suffering because of one Bola Tinubu and the APC |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by marlow1962(m): 8:35am On Nov 14, 2023 |
vincenteger:We are not playing, some people are just teaching us politics. |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by millionboi2: 8:36am On Nov 14, 2023 |
sonofanarchy:thy will still survive it. |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by Reference(m): 8:37am On Nov 14, 2023 |
mannobi: Still calling Buhari and Emefiele 6 months into a new regime. Nigerians are really funny people. Exactly when do you expect a regime you voted in to act..... ten years? This is the problem with voting back a government that failed, that performed woefully in the past regime, it never works. The APC should never have been returned to power if Nigerians knew how democracies work. When you vote back a government even the best intentions to change ways will be resisted by the very people that ruined the former and they are still hanging around the corridors of power. With the same government you cannot revert back to past actions properly, recover resources stolen or misappropriated. But most importantly, returning a government sends a signal to the new one that failures will not be punished and non performance will not determine its acceptance. That is why there is no haste to repair failures of the past regime. 3 Likes |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by gabbytabby: 8:37am On Nov 14, 2023 |
It’s obidients destroy 9ja propaganda. Ikaeniyan0: |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by dominic17: 8:38am On Nov 14, 2023 |
When you put a known criminal at helm of the affairs what you expect,? mcbreeze: |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by dominic17: 8:38am On Nov 14, 2023 |
The looting has just begun |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by Spicycat(f): 8:42am On Nov 14, 2023 |
Coolsperm: Fóol You can't pick a fight with a whole religion else your inevitable downfall to the abyss is eminentl. |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by Godmademan(m): 8:43am On Nov 14, 2023 |
Paid 300 to withdraw 10000 at a POS shop yesterday. We are living like slaves in this country. Civilians treating other civilians like trash 2 Likes |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by ariesbull: 8:44am On Nov 14, 2023 |
emmanuelbrown26:those Ronuists are just bunch of idiots Never seen group of fools like them 2 Likes 1 Share |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by ariesbull: 8:46am On Nov 14, 2023 |
Tochi3:those Ronu people are just bunch of idiots and inepts The other tribes have seen how stupid they can be 1 Like |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by victorsola: 8:46am On Nov 14, 2023 |
Islie:people are not taken money to the bank because they think old note will cease to work. Nigerians and panic |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by Usmanovic95(m): 8:52am On Nov 14, 2023 |
I wonder who will be the scape goat this time. |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by Enemyofpeace: 8:56am On Nov 14, 2023 |
Usmanovic95:Emefiele of course |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by occfx: 9:02am On Nov 14, 2023 |
vincenteger: Are you sure say them go price am well? |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by seguno2: 9:08am On Nov 14, 2023 |
vincenteger: How much do you think that you can be sold for, as a part and parcel of our country |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by Countersam(m): 9:09am On Nov 14, 2023 |
Islie: A banker earlier warned me about this, the pre election cashless policy was child's play compared to what's coming. Printing company hasn't been printing money for months now 1 Like 2 Shares |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by seguno2: 9:10am On Nov 14, 2023 |
Cassandraloius: Soon and very soon will we miss Emefiele, just as we have been missing PDP’s widespread prosperity and general welfare of the masses |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by seguno2: 9:11am On Nov 14, 2023 |
Countersam: Quite remarkable that our Yoruba people are in charge of the economy that is going from worse to worse. 1 Like 1 Share |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by Usmanovic95(m): 9:11am On Nov 14, 2023 |
Enemyofpeace: Almost six month after been bundled out of that role. Dey play ma niggar |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by vincenteger: 9:14am On Nov 14, 2023 |
seguno2: Any amount guy. The amount that would be enough for us all to leave the country for the new owners |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by Houseontherock1: 9:18am On Nov 14, 2023 |
Tochi3:Emilokan is just following Emefailure's footsteps... Emefailure started this bull crap of naira scarcity |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by DestinyNigga: 9:24am On Nov 14, 2023 |
We know is the handwork of Peter Obi and Obidents. They are trying to sell our Yorubaland Yoruba Ronu oooooo
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Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by peacettw: 9:29am On Nov 14, 2023 |
DigitalJobs: Very true and also very sad |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by emmanuelbrown26: 9:58am On Nov 14, 2023 |
ariesbull:Ronu crew are just hungry bastards |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by ariesbull: 10:00am On Nov 14, 2023 |
emmanuelbrown26:very terrible lots that you can't bank on 1 Like 1 Share |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by sonofElElyon: 10:05am On Nov 14, 2023 |
Islie: Stop causing confusion. This must be stale news. Fg has said all old notes remain valid indefinitely |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by fortunez1(m): 10:06am On Nov 14, 2023 |
vincenteger: Bros the matter tie wrapper I was asking my self this inflation question. From Dollar scarcity to naira scarcity The First country in the world to sell it's money to it's citizens A country that snake swallowed money A country that rats chased it's president from office. A country that when ever a govt institution is under investigation, FIRE from no where will catch the building of the institution no matter how sophisticated the building is. But yet the citizens wouldn't even enjoy there own labour in peace not minding that our Nigeria is so blessed that we flare the same gas that buy at a very high cost. Tinubu better performs ,at least build Nigeria the way he built Lagos. I witnessed what he did in Lagos back then schooling in Lagos. Lagos has maintained the spot of the most developed and performing state than the rest . |
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by dominique(f): 10:09am On Nov 14, 2023 |
There's no naira scarcity anywhere, people are just no longer taking money to the bank. People transacting with large volumes of cash are hardly depositing money in banks like before. They prefer to take the cash to POS agents who will give them tips unlike banks who will still remove charges from their deposits. I know of a large gas plant that makes at least 10 million naira daily in sales. In the past, bank marketers used to come and take the sales money to the bank. Now it's pos agents lurking around them to collect cash from their sales. Pos people have almost completely collected customers from banks, they're now confidently opening shops in front of banks because they know people will rather collect cash from them than to go and queue in front of bank's malfunctioning ATMs which may or may not dispense cash. The only sure way banks can now get cash is when CBN prints out new currencies those ones too end up in the hands of POS agents once they're dispensed out. 2 Likes |
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