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Nairaland Forum / Nairaland / General / Business / Nigeria, The Only Country That Goes Cashless Without Network (pics) (54465 Views)
Naira Scarcity, Pure Water Seller Goes Cashless, Sells With POS / I Need A Very Good POS Without Network Issues / Why I Broke My WEMA Alat ATM Card And Stopped Going Cashless (2) (3) (4)
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Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by ibkayeebbn(f): 8:14pm On Feb 07, 2023 |
ZINNYBANKS:Who is Belle88? I work from home so I can watch it whilst working |
Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by Loverboi2cute(m): 8:15pm On Feb 07, 2023 |
Moh247: Oga shĂ»t up & go & eat ur Agbado in pieces... dis bĂ tstard Ășrchin why are u complaining now huh ?... after u voted APC in... & now u are advocating for anoda APC government again...so dat our suffering can continue again abi ...tufiakwa!! unprogressive element.. tapeworm urchĂźn happy now..huh go & drink garri 1 Like |
Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by FriendofGod: 8:15pm On Feb 07, 2023 |
DollarSigns: Mopping excess cash will not solve local inflation. The only benefit is that coupled with the withdrawal limits, CBN can monitor the amount of cash in circulation, thereby reducing crimes. Reducing inflation involves far more than mopping up excess physical cash. First of all, market forces such as demand and supply of goods can raise inflation. For example, food inflation in Nigeria. We have shortage in food supply, yet demand for food is high. This is an example of demand-pull inflation. Because demand for food dwarfs supply of food, the cost of food will go high. You don't solve this problem by mopping up excess cash. Another type of inflation we are battling in Nigeria is cost-pull inflation. Look at properties? Why are house rents going up? Will mopping up excess physical cash reduce it? No. The cost of certain raw materials have gone up. This causes the costs of rents and properties to go up as well. This is cost-pull inflation. In summary, inflation is far more complex a problem to be solved by mopping up excess physical cash in circulation. In fact, inflation is a situation whereby there is a lot of money (not just physical cash) chasing fewer goods. 3 Likes 2 Shares |
Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by omonnakoda: 8:17pm On Feb 07, 2023 |
Moh247:Well what is liquidity?Liquidity means money supply not cash supply Does cashless equal reduced liquidity? No In future economies will be totally cashless They will not become illiquid This cannot reduce liquidity |
Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by Faposky95: 8:20pm On Feb 07, 2023 |
Like with all eves.... I'm counting..... Come Thursday watchnight before the 10th..... Let's see magic or who's been fooling who..... 1 Like |
Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by princejohnard(m): 8:20pm On Feb 07, 2023 |
Most people saying this policy would curb vote buying are actually being smart by half because vote buying becomes more cheaper as 45% of voters are open to sell their vote 2 Likes |
Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by omonnakoda: 8:20pm On Feb 07, 2023 |
FriendofGod:In the long term this will be inflationary because it will discourage investment and production in agriculture reducing supply |
Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by Blackestjunior(m): 8:21pm On Feb 07, 2023 |
Ugoc3: Since morning USSD no go at all |
Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by EMPEROROFDONBAS(m): 8:21pm On Feb 07, 2023 |
FarahAideed:like APC supporters... Ogun go strike all of dem 1 Like |
Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by DollarSigns(m): 8:22pm On Feb 07, 2023 |
lexy2014: Believe me heâs a very smart man Someone whoâs served CBN for 2terms Heâs very intelligent believe me But I guess what he never saw was the extent of mediocrity and Incivility his compatriots will exhibit out of ignorance Nigerians have been suffering before now This one wonât kill us Weâll adjust to it Sacrifices must be made COVID lockdown was met with the same madhouse response, yet we adjusted We need patience Instead this should be a driver for everyone all to turn out en masse and vote who we individually know can control the state of affairs of the nation expertly Not to selling our votes then waiting to wail on slight provocation Peace be unto us all Shalom |
Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by Aboguede(m): 8:23pm On Feb 07, 2023 |
emmanuelbrown26: U re losing it U don't even understand anything yet u want sound educated You are either foolish or deeply frustrated or u are not a Nigerian! Them never tell you say u b mumu 3 Likes 1 Share |
Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by symbianDON(m): 8:23pm On Feb 07, 2023 |
Berrityga:
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Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by clockwisereport: 8:23pm On Feb 07, 2023 |
FriendofGod: My fidelity and access are not that bad, especially my access. ....speaking from my own end o My Access bank ATM card expired in December. Anytime, I want to withdraw, I simply make a transfer to my Fidelity bank account and use the ATM to withdraw |
Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by ibrahass: 8:25pm On Feb 07, 2023 |
DollarSigns:Why didn't he try this in 2019 general election and see if he himself will return. 3 Likes 2 Shares |
Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by Namkbank: 8:26pm On Feb 07, 2023 |
Biodun556:yes hi is on track to destroy every thing 2 Likes |
Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by DollarSigns(m): 8:27pm On Feb 07, 2023 |
FriendofGod: Iâm happy youâve made important sense If crime will be reduced then why donât we allow a short period of discomfort and support this brilliant policy I know itâs hard for everyone but sacrifice remains the beacon stone for progress Weâll survive, letâs reduce the unrest, it will result to nothing Shalom |
Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by Namkbank: 8:29pm On Feb 07, 2023 |
Angelfrost:lol thunder ooo |
Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by faceland: 8:29pm On Feb 07, 2023 |
Biodun556: It is the bank o... Every transaction bank takes their small cut... End of month, they also charge for every SMS alert they send (we pay 4 naira for each SMS alert, but they take it at once at the middle of the month). Banks are making hundreds of millions DAILY from charges. 2 Likes 1 Share |
Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by danniyal(m): 8:30pm On Feb 07, 2023 |
UBA is really terrible and frustrating
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Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by DollarSigns(m): 8:31pm On Feb 07, 2023 |
ibrahass: Sometimes best decisions are those simple decisions taken at the right time 2023 has always been a an important year So I wouldnât be surprised if this policy has been in itâs strictest incubator waiting for the right time to hatch Weâll survive Please educate your neighbors and loved ones to remain calm Life will always go on, one characteristic of all living things is ADAPTATION weâll adapt to this and life will flow smoothly But this will be better with minimum loss of lives and properties and less social unrest Shalom |
Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by Elidrisy20: 8:32pm On Feb 07, 2023 |
Biodun556:on track to hell abi 1 Like |
Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by Aboguede(m): 8:34pm On Feb 07, 2023 |
Inflation is simply SHORTAGE! IF there shortage in supply or in demand for long time, there will be inflation! Nigeria has been suffering shortage in production in goods and services for many many years and so inflation keep growing. The government here has other reasons for this current money madness because they have already mopped about 90%% of all cash in circulation before 31st January. If FG wants to introduce cashless policy, they only need to introduce withdrawal limit like 20k and people will embrace transfer and corruption will reduce too. Nigeria is a funny country and we can only pray because this problem is getting more funny. Many countries has failed and Nigeria can also fail FriendofGod: |
Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by lexy2014: 8:35pm On Feb 07, 2023 |
DollarSigns: Offpoint. Kindly answer the questions Did he see scarcity of cash on his executive chair? Did he see Nigerians suffering on a daily basis by his decision to starve nigerians of cash on his executive chair? |
Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by Peppysco: 8:35pm On Feb 07, 2023 |
Biodun556: I'm sure you know who they are. They're all suffering from the stupid and ill timed policy but because they feel it gives their packaged fraud a chance, yet, they're dying in silence. Unfortunately for them, their Pandora, after playing to the gallery with his comment about the policy,is also crying wolf now as he's also feeling the brunt already. |
Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by ModCaller: 8:36pm On Feb 07, 2023 |
Biodun556: It has always been about cashless policy. You've not been following this from the beginning |
Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by Danwakae(m): 8:40pm On Feb 07, 2023 |
Biodun556: Only those criminal politicians , bandits and some blond followers believe Godwin Emefiele is not on tract and they are the reason for chaos everywhere ...Nigeria is in trouble |
Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by faceland: 8:41pm On Feb 07, 2023 |
Ugoc3: He doesn't have network on his phone... What of situation were the Bank don't have service/network?
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Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by Peppysco: 8:41pm On Feb 07, 2023 |
Berrityga: I hope you do know that there are parts of this country without internet connection or even electricity. How do you expect such areas to integrate into the cashless policy of the CBN? 1 Like 1 Share |
Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by descartes400: 8:44pm On Feb 07, 2023 |
EKONGKING: The timing was just too bad. This is something he should have done a year into his second term...but decided it should be on the eve of a general election. I find it as a policy designed to interfere with the elections through the CBN. Is it not treasonable and criminal for CBN to interfere with an election? I wish DSS had succeded in arresting him. 1 Like |
Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by faceland: 8:44pm On Feb 07, 2023 |
danniyal: UBA! It would work if you try 5 to 6 time (I mean it, no exaggeration). Verification 5 attempts Password may be 6 attempts Agreeing to charges 6 attempts Before transaction is successful... Refreshing your dashboard to get you actual balance or transaction history; don't get me started. |
Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by DollarSigns(m): 8:45pm On Feb 07, 2023 |
lexy2014: ;DBecause you donât recognize my point doesnât mean Iâm off point I may as well be his intellectual twin brother so what I see sitting on my stool, you may as well need to google the location of the nearest Mtn Mast |
Re: Nigeria, The Only Country That Goes Cashless Without Network (pics) by emmanuelbrown26: 8:45pm On Feb 07, 2023 |
Aboguede:
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