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How To Withdraw Above CBN Cash Limits - Business (6) - Nairaland

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Re: How To Withdraw Above CBN Cash Limits by smile11s(m): 3:52am On Dec 17, 2022
Re: How To Withdraw Above CBN Cash Limits by ikwikwi: 4:17am On Dec 17, 2022
This will kill banking. People will start keeping their cash at home despite the attendant risk. How would local goat sellers and farmers sell in the village market. Let us know how CBN will manage rural dwellers
Re: How To Withdraw Above CBN Cash Limits by Funkybabee(f): 4:45am On Dec 17, 2022
Nigerian are not easy to convince, stop buying paper card, they will say they can't stress themselves, what's stress in providing your account number, Are you taking transfer, they will be saying no, I hate cash things also but you see Nigerian will make it difficult for you like eh
Re: How To Withdraw Above CBN Cash Limits by DruLamar10(m): 6:03am On Dec 17, 2022
noble71:
shocked
Thanks for this information



Meanwhile sell your Pi to us at good rate.

I’ve got pi for sale, if you’re interested
Re: How To Withdraw Above CBN Cash Limits by Elidrisy20: 6:04am On Dec 17, 2022
MT:


Have you ever been out of Nigeria before? Just asking
no,I have never been out of my local government,talkless of out of my state or the corn3
Re: How To Withdraw Above CBN Cash Limits by MrBroke(m): 6:04am On Dec 17, 2022
faceland:


30% of police and soldier I have met can't write their own name without shaking hands.

Fulanis that sell cows, Some businesses owners too can't read. How would they operate an app?

Scammers would be transferring 500.00 (five hundred naira, zero Kobo) and convince them it is 50k (fifty thousand naira).




Their Problem, that shouldn't stop the country from moving forward. The problem with Nigeria is that we don't put the country first but our selfish interest is what we always have in mind

1 Like

Re: How To Withdraw Above CBN Cash Limits by FireUpNow(m): 7:16am On Dec 17, 2022
noble71:

rate is dependent on quantity kindly reach me on WhatsApp 070.37.18.14.71
I don't sell by quantity but by per pi. I won't contact you until something solid is arrived at. Sorry pls
Re: How To Withdraw Above CBN Cash Limits by Charles545: 7:30am On Dec 17, 2022
noble71:
shocked
Thanks for this information



Meanwhile sell your Pi to us at good rate.

@how much.
I have load of Pi
Re: How To Withdraw Above CBN Cash Limits by kebbycool(m): 7:44am On Dec 17, 2022
noble71:
shocked
Thanks for this information



Meanwhile sell your Pi to us at good rate.

Pi at what rate?
Re: How To Withdraw Above CBN Cash Limits by Nnannapat(m): 7:44am On Dec 17, 2022
This is business, I am opening 5 POS points next year, any cash that I get from my other shops goes straight to the POS business. 10k withdrawal is 5h, 20k is 1k, 2023 will be lit.

1 Like

Re: How To Withdraw Above CBN Cash Limits by Elioandrew: 8:03am On Dec 17, 2022
noble71:
shocked
Thanks for this information



Meanwhile sell your Pi to us at good rate.
I want to sell my π. Please drop your contact. WhatsApp please
Re: How To Withdraw Above CBN Cash Limits by donem: 8:38am On Dec 17, 2022
noble71:
rate is dependent on quantity kindly reach me on WhatsApp. 070.3718.1471
My WhatsApp phone is bad, Wanna trade 230 pi
Re: How To Withdraw Above CBN Cash Limits by putmanj146: 8:45am On Dec 17, 2022
noble71:
shocked
Thanks for this information



Meanwhile sell your Pi to us at good rate.


Your rate?
Re: How To Withdraw Above CBN Cash Limits by benzion72(m): 8:47am On Dec 17, 2022
What of if I have more than one account collecting 20k per account in five different places

1 Like

Re: How To Withdraw Above CBN Cash Limits by faceland: 10:58am On Dec 17, 2022
MrBroke:





Their Problem, that shouldn't stop the country from moving forward. The problem with Nigeria is that we don't put the country first but our selfish interest is what we always have in mind

So 80% of the population should go to hell or find an alternative economy (because that is what would happen since trading is a must in all society)? 80% of our people can't use a pen, how would they operate an app or trust that you removed 1k from a card and not 10k?

The People are the country (that is the what that democracy is. With the so called "We The People" ).

El Salvador did the same thing with bitcoin and it failed.
Re: How To Withdraw Above CBN Cash Limits by noble71(m): 11:25am On Dec 17, 2022
putmanj146:



Your rate?
reach me on WhatsApp 070.3718.1471
Re: How To Withdraw Above CBN Cash Limits by noble71(m): 11:26am On Dec 17, 2022
Elioandrew:

I want to sell my π. Please drop your contact. WhatsApp please
070.3718.1471
Re: How To Withdraw Above CBN Cash Limits by noble71(m): 11:27am On Dec 17, 2022
Charles545:


@how much.
I have load of Pi
if you have verified and migrated to mainnet reach me on WhatsApp 070.3718.1471
Re: How To Withdraw Above CBN Cash Limits by MrBroke(m): 11:42am On Dec 17, 2022
faceland:


So 80% of the population should go to hell or find an alternative economy (because that is what would happen since trading is a must in all society)? 80% of our people can't use a pen, how would they operate an app or trust that you removed 1k from a card and not 10k?

The People are the country (that is the what that democracy is. With the so called "We The People" ).

El Salvador did the same thing with bitcoin and it failed.


Oga which 80% and where did you get the numbers from, the so called 80% you saying how many of them spend above 20k daily. It's a good policy and even though your 80% don't concur to that or the President we don't like it won't change the fact it's a good thing.
Re: How To Withdraw Above CBN Cash Limits by johnobama: 11:49am On Dec 17, 2022
noble71:
170 naira per Pi at the moment.

i have some pi for sale. pm
Re: How To Withdraw Above CBN Cash Limits by noble71(m): 11:58am On Dec 17, 2022
johnobama:


i have some pi for sale. pm
have you verified and migrated to mainnet? If yes reach me on WhatsApp 070.3718.1471....
Re: How To Withdraw Above CBN Cash Limits by Johndevmark: 12:34pm On Dec 17, 2022
flexyrule:
These ones didn't even bother to read the topic.







OP. Thanks for the info.

I like what the CBN and Buhari administration are doing.

Most times, money laundry is carried out using cash. With this new initiative, proceeds of crime and corruption can be effectively traced.

But they should have sorted out the issue of security. Imagine when kidnappers demand 20m ransom...

Omoh. You go just dey play.

Hmmm; Those terrorist now accept BTC o.
Re: How To Withdraw Above CBN Cash Limits by Parachoko: 12:34pm On Dec 17, 2022
jamess32:
The truth is ; CBN did not have enough money to print notes that will replace the old notes, if you go to banks , you will discover that they still give old notes to customers and put just 1 or 2 in between. in a sane country how on earth did you want to stop circulating old notes if not to stop giving it out and replacing it with old notes.
CBN have the capability to keep on printing money. The cashless policy was announced in 2012, but the CBN kept on pushing forward the date to start

Some Nigerians have kept trillions of Naira at home, most of the money kept at wherever they are kept by this Nigerians will likely be mint.

Nah mint banks they give wealthy and powerful people in Nigeria.
Re: How To Withdraw Above CBN Cash Limits by Parachoko: 12:36pm On Dec 17, 2022
Emaprince:
This is what I believe will happen.

People will even start hoarding any little cash that comes into their hands..to a point some will have all their savings at home. Mostly the educated ones will likely embrace this new policy. But you see these traders..market women...none of them will save in the bank again..knowing that if they deposit their sales money into the bank, it becomes difficult to withdraw.

The policy might work in a country where everything works well, and there is already a well prepped grounds for it to flourish. It definitely won't work in Nigeria. It will really deal with a lot of businesses. These people just copy policies and apply here without making effort to curb any negative effect that might erupt from such policy. When they are busy thinking about how to fatten pockets.

They want to improve digital banking where they will be making billions daily off transfer charges both from the sender and receiver. Greedy lots
People will eventually get use to this policy. The cashless policy is here to stay.
Re: How To Withdraw Above CBN Cash Limits by Parachoko: 12:38pm On Dec 17, 2022
Sleekfingers:
Na to dey keep my money inside safe for house be that ...... .

Jokes apart , most Nigerians will start keeping huge cash at home. And that is a recipe for a pandemic of armed robberies.....

Who made you the spokesperson of most Nigerians?
Re: How To Withdraw Above CBN Cash Limits by Parachoko: 12:40pm On Dec 17, 2022
faceland:


30% of police and soldier I have met can't write their own name without shaking hands.

Fulanis that sell cows, Some businesses owners too can't read. How would they operate an app?

Scammers would be transferring 500.00 (five hundred naira, zero Kobo) and convince them it is 50k (fifty thousand naira).
So when you transfer such a huge amount of money, you no dey collect and check receipt?
Re: How To Withdraw Above CBN Cash Limits by kennys: 2:35pm On Dec 17, 2022
flexyrule:
These ones didn't even bother to read the topic. Kidnappers don't want to understand any stupid policy,pray you are not kidnapped,then you will know how far. If kidnappers catch you and ask for their ransom they don't want to hear transfer,he no concern them







OP. Thanks for the info.

I like what the CBN and Buhari administration are doing.

Most times, money laundry is carried out using cash. With this new initiative, proceeds of crime and corruption can be effectively traced.

But they should have sorted out the issue of security. Imagine when kidnappers demand 20m ransom...

Omoh. You go just dey play.
Re: How To Withdraw Above CBN Cash Limits by LARRYOBRAIN(m): 2:41pm On Dec 17, 2022
How much you dey buy 1 Pi?
noble71:
shocked
Thanks for this information



Meanwhile sell your Pi to us at good rate.
Re: How To Withdraw Above CBN Cash Limits by noble71(m): 3:20pm On Dec 17, 2022
LARRYOBRAIN:
How much you dey buy 1 Pi?
have you verified and migrated to mainnet?
Re: How To Withdraw Above CBN Cash Limits by ufotunang: 4:02pm On Dec 17, 2022
cheesy
ORAFA:
Una don start
....one can deposit more than 20k in the bank but cannot withdraw more than 20k....they are not serious
Re: How To Withdraw Above CBN Cash Limits by ufotunang: 4:04pm On Dec 17, 2022
With my money I work hard to get... giving hard terms and conditions before I can withdraw more than 20k ...you are not serious
Re: How To Withdraw Above CBN Cash Limits by mechanics(m): 4:22pm On Dec 17, 2022
What of the 5% or 10% charges?

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