4. Only denominations of N200 and below shall be loaded into the ATMs.

Wahala dey for those wey de use babanriga as bank o....

Wow

Una never see anything yet

The banks must upgrade their digital platforms

This may not be a good idea at the end.

Cash less policy

The change is real

No be to keep cash for house be this.

Which kain country is this?

iwaeda:

APC is retrogressive,N20k /per. If you like thumb print for APC again. What of those in rural areas.

Ultimately, the agenda for the incoming administration should be how to expand banking in rural areas.

lrman:
So what if you go to a shop to buy a product with price of more than 20k..?? That means you cannot pay via pos unless you use a bank transfer ??smh..

from the POS, u can transfer directly and remove your card

Akwamkpuruamu:
Now, how will POS guys survive? This is not fair to the common man

90% of pos guys are scammers dey can go mad for all i care....those bastards have hurt a lot of people.

RomanGreen:


Dude shut up, you're in LA where withdrawals above certain thresholds aren't allowed yet you calling nonsense here. Cashless policy is in full swing in advanced LA but you don't want it abi....bad belle

you know nothing. You can withdraw even more than $10k a day. Do you know how much is $10k to naira

Akwamkpuruamu:
Now, how will POS guys survive? This is not fair to the common man

It won't affect them much.

The vast majority of POS transactions are under 10k.

This one go choke no be small. loading #200 notes for ATM

They are trying to make naira difficult to move around.

lrman:
So what if you go to a shop to buy a product with price of more than 20k..?? That means you cannot pay via pos unless you use a bank transfer ??smh..

You can pay via post any amount, it's still electronic payment

But forget about paying cash

POS business is about to fade out just like the way recharge card business was...

� nice one

OboOlora:
Another one from Emefelie, undisputably the most useless CBN Gov the country ever had!

blame buhari.This is coming from office of the presido

These people are clowns... is this temporary in preparation for the launch of new notes or what's going on

200 Naira inside ATM

Nice one. I totally support this. Imagine situation where only one individual will keep people waiting on ATM queue because he is withdrawing over 150k and holding 2 or more cards like someone going to buy cow in the hinterlands. The truth is you don't really need more than 5k cash in the wallet at any given time because everything can be paid for online or card transaction.

They want to stop things from getting more and more expensive.

But things can't really go back to 2015 prices because Naira has fallen badly; too much Crude oil has been stolen — nothing to bring in dollars again.

Only agricultural exports can boost the value of naira in the international market.

Vote Peter Obi for president to boost agriculture in Nigeria.
Thanks.

So if you want to buy properties like land worth more than 15,000,000 you have to pay 5% commission, this policy haven't been implemented all this years it's only now that idiot emefiele will implement this

I hope this is not another clueless policy like the NIN that has only inconvenienced honest people and done nothing to curb the crimes it is supposed to.

For the masses ... Hahhaa... APC go still show inah sheheeee!!!! Hahahaha

Kobonaire234:


Ultimately, the agenda for the incoming administration should be how to expand banking in rural areas.

How many banks are operating outside the state capitals and big towns and cities?

Ok

na them sabi

Buhari is the downfall of Tinubu.

The man is doing everything possible to frustrate Tinubu's chances of buying votes. He saw how Tinubu brought out bullion vans of cash to buy voted for him in 2019 and he doesn't want that.

First he signed electoral act and approved used of BVAS for election, Tinubu has been crying since then because it reduced his chances of rigging the election.

Next he introduced Naira redesigned which limits their vote buying power, he didn't stop at that he gave a very short deadline which prevents them from quickly changing enough old notes and now he has put a cap on daily withdrawal.

Buhari is Tinubu's kryptonite. He meant well for Nigeria but the cabals and the people that sponsored him hijacked his government. Now he has done two terms and has nothing to lose, now is the time to hand over Nigeria to the people but I am surprised that Tinubu is still parading himself as the president and not seeing the handwriting on the wall.

The game has changed. His only alternative now will be the use of violence and intimidation to keep opposition voters in doors

CalabarPikin:
This is getting real

I wish they can address the unnecessary deductions by first bank especially

The unnecessary deductions is too much each time you withdraw bank will charge, pos agent will charge. You will never notice it till you change your balance and minus the kobos