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Nairaland Forum / Nairaland / General / Business / Banks To Pay Customers Money Sent From Abroad In Naira (41891 Views)
CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter / Fight Breaks Out In Banking Hall As Bank Refuses To Reverse Customers' Money / Firstbank Reacts To Rumours That Its Elephant May Swallow Customers Money (2) (3) (4)
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Re: Banks To Pay Customers Money Sent From Abroad In Naira by 004gist: 7:17am On Feb 09 |
OlujobaSamuel: The same politicians will go to the banks and buy the dollars. How many Nigerians can get access to dollar from the bank. They will frustrate the person with only option to aboki. If the government can service everyone that comes to the bank then no need to buy from aboki 6 Likes |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by Macphenson: 7:18am On Feb 09 |
nairalanda1: Are not getting the point, the politicians are buying up the little forex we have in the country. 1 Like |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by BrighterSyde: 7:18am On Feb 09 |
Macphenson: Spot on. But peiple like 2Radii with low reasoning capacity do not have enough brain power to realize that the majority of dollar scarcity and hoarding is done by our politicians. The other day Edu was seen sharing dollars to her staff in the office. Yet daft people blinded by tribalism if sentiments won’t remember things like these. It is the poor man with small 10$ or 100$ in his bank they will focus on. 11 Likes 1 Share |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by LillyandDaisy: 7:18am On Feb 09 |
With this policy, can withdraw dollar send to my account into any dom account? |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by NzogbuNzogbu: 7:18am On Feb 09 |
Tinubu and trial and error Why will I go to bank to receive useless rate when my person can do btc and I cash out even if it's naira on good rates Meaning less and less people would be bringing forex to banks 5 Likes |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by zubinike(m): 7:18am On Feb 09 |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by Sapiosexuality(m): 7:19am On Feb 09 |
Namaster:Seriously. Isn't this obviously dumb? Or are they going to shut down all other means of recieving USD aside banks? 2 Likes |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by Bfly: 7:19am On Feb 09 |
The policy should be made absolute for every transaction within the country; even at embassy 3 Likes 1 Share |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by Yankee101: 7:20am On Feb 09 |
Nigeria is truly truly broke, no cap All the people in buhari and tinubu’s admin should be made to vomit what they stole From local govt to the federal level 4 Likes |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by theredaddy: 7:21am On Feb 09 |
Namaster: Lets even assume Tinubu does not have an idea, whats the whole essence of having a team, is it not to brainstorm I don't think these people are clueless, they know the sources of the problem ... but are not just ready to fix things for selfish reasons Solving Nig. problem means stepping on toes, of what impact is domiciliary accounts in a Naira economy but govt won"t stop it cos they are culprits tew, leaving domiciliary account and regulating Fx transfer is of little or no impact 7 Likes |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by NzogbuNzogbu: 7:22am On Feb 09 |
AntiChristian:tinubu is supposed to be the first class master strategist here, why is he now confused People would rather be using btc and getting it at #1500 than sending to worthless banks that would be giving you 1000 Another home goal for tinubu 4 Likes 1 Share |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by OmoOshodi(m): 7:25am On Feb 09 |
jmoore:The government should grab the bull by the horns and declare the black market illegal and put jail term penalty there...both seller and buyer....shikena 9 Likes 2 Shares |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by nairalanda1(m): 7:25am On Feb 09 |
Macphenson: The problem is, we have limited dollars because we are not earning enough in dollars. Twelve years ago, when the oil price was above 120 dollars a barrel, weren't the same corrupt politicans buying up our dollars and sending abroad? Yes, but it did not bother people much because at the end, we were earning a lot of dollars for anyone to bother about remittances. Not now, when oil price crashes betweeen 2014-21 , and the resulting debt have eaten a lot of our earnings that the government is targetting remittances. The problem has and always has been 1) Nigeria not running a diversified economy 2) Polices like subsidies on power and petrol discouraging investment in such sectors. Result, we don't earn enough, we go into debt, the debt eats our earnings...wahala results. PLus the hoarding of dollars is also done by 'ordinary nigerians' too, worsening the issue. BY all means, government should target corrupt politicans earnings and their investing abroad. But at the end of the day, it still does not solve the underlying problem. Nigeria is not earning enough. NIgeria is not earning enough. And that is how our government is failing us. 12 Likes 1 Share |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by jmoore(m): 7:26am On Feb 09 |
OmoOshodi:Una go open mouth waaaa. 1 Like |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by bigdammyj: 7:27am On Feb 09 |
Great!!! |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by SmartMen: 7:28am On Feb 09 |
Namaster: I have not used my domiciliary account for more than 5 years now... yet I have been receiving dollars and pounds payment every month. they are wasting their time. 5 Likes 1 Share |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by Ejebleje: 7:28am On Feb 09 |
I think this is utterly risible . They want to enforce the overlord status of banks , who are already guilty of hoarding the forex and selling it to BDC guys? How many genuine business men and Nigerians in general can approach banks ,to get forex ,much more at "official rates" ? Wouldn't the banks direct us to the BDC's to get already determined forex? Who will go after banks and BDCs to break up their unholy alliance? Truth is , we have reached the point of no - return. The naira will only get stronger if we increase our oil and non oil exports, and the government ceases float and starts defending again. Anything other than this,is a continuous downward spiral. 3 Likes 1 Share |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by Chibikay: 7:28am On Feb 09 |
Wow .no bebl small thing |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by alpamo6: 7:30am On Feb 09 |
They should also allow us to pay in Naira for international transactions through banks. 16 Likes 4 Shares |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by GreenCovering: 7:30am On Feb 09 |
I hope it works but honestly it's a tried and failed approach. People will find new ways to ferry in dollars and they'll become the cash-out merchants of a new market force. 2 Likes |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by JuanDeDios: 7:31am On Feb 09 |
Namaster:Brilliant take. |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by OmoOshodi(m): 7:34am On Feb 09 |
jmoore:what about you thinking with your anu$.....it happened in South Africa and heaven did not fall......go to southy and ask of black market and see crazee 6 Likes 2 Shares |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by sokera: 7:35am On Feb 09 |
This is a welcome development 3 Likes 1 Share |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by Beautifulday: 7:35am On Feb 09 |
OlujobaSamuel: You are not getting anywhere. You will see as it will back fire. People will stop sending dollar home. They will do the exchange from there. 3 Likes |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by SirBunky85(m): 7:36am On Feb 09 |
Namaster:you're just pained cuz,you've been bursted. 7 Likes 1 Share |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by todugo(m): 7:36am On Feb 09 |
AntiChristian:Do you know that ministers, senators governor's and even the president and his vice are paid in dollars and not naira. They should stop recieving their allowance/ salaries in dollars and use the foreign currency we gain from foreign exchange to diversify our economy and boost local production. The government officials are the ones hoarding this money and the ordinary citizens will be the ones to suffer.😡 1 Like |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by occfx: 7:36am On Feb 09 |
Ibrahimcoomasie: Government against her citizens... Crypto dey na. Tinubu no go chop my 1 kobo 2 Likes |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by Hopium: 7:38am On Feb 09 |
ruggedtimi: Lol. Most of them know nothing. Lmaoo It's a wonderful move. They are creating demand for the naira. 5 Likes 2 Shares |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by SirBunky85(m): 7:39am On Feb 09 |
JayPeeOham:I wish any of your generation could be bold enough to contest for your state's gubernatorial elections 3 Likes 1 Share |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by Hopium: 7:39am On Feb 09 |
occfx: Usdt rate, bank rate, and black market rate are almost the same. Rest. Lol 6 Likes 1 Share |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by bobbiiee: 7:39am On Feb 09 |
What happens to those who want to make payment in USD? 1 Like |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by JuanDeDios: 7:39am On Feb 09 |
ivolt:Oyel dey your head! 2 Likes |
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