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CBN Bans Deposits Into Domiciliary Account - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / CBN Bans Deposits Into Domiciliary Account (63114 Views)

Withdrawing From Domiciliary Account / How To Get Dollar Into Your Domiciliary Account / CBN Bans Use Of Dollars For Overseas Fees, Medical Trips (2) (3) (4)

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Re: CBN Bans Deposits Into Domiciliary Account by RichDad1(m): 9:24pm On Aug 05, 2015
Barcanista rejoice not.
I can see where Baba is going here. All those useless looters that hoard Dollars during the past administration in the hope of impending economic doom can now eat their valueless paper. cheesy cheesy cheesy

10 Likes

Re: CBN Bans Deposits Into Domiciliary Account by iykedare(m): 9:25pm On Aug 05, 2015
Children of hate,oya o

1 Like

Re: CBN Bans Deposits Into Domiciliary Account by allanphash7(m): 9:25pm On Aug 05, 2015
Is he still slow?








Buhari slow and solving matters gently

6 Likes

Re: CBN Bans Deposits Into Domiciliary Account by atlwireles: 9:25pm On Aug 05, 2015
emorse:


What then would be the fate of small scale importers who import from aliexpress and their likes?

You hit the nail on the head, this pretty much puts them out of business.

1 Like

Re: CBN Bans Deposits Into Domiciliary Account by YerYer: 9:25pm On Aug 05, 2015
Naira won't appreciate due to this, it will only cause an abundance of dollars which will result in a pseudo depreciation of dollar.

4 Likes

Re: CBN Bans Deposits Into Domiciliary Account by Nobody: 9:26pm On Aug 05, 2015
IsraeliAIRFORCE:


The mallams will just go to Chad, Niger, Benin Republic or Cameroon and open account for depositing the dollars which they will be carrying across the borders from Nigeria then they will continue wiring the transactions from these neighbouring countries into their Nigerian bank accounts
That's interesting, I don't think its easy to open bank accounts in those countries if you aren't a citizen or a documented resident.

BTW I don't think that will do the mallams any good because they can only withdraw naira

6 Likes

Re: CBN Bans Deposits Into Domiciliary Account by ohenhen1: 9:27pm On Aug 05, 2015
This man is holding the line. A true patriot. The NASS is doing nothing collecting their wages.

4 Likes

Re: CBN Bans Deposits Into Domiciliary Account by Nobody: 9:28pm On Aug 05, 2015
NgeneUkwenu:
President Buhari, do all you can to protect our naira, even if it takes suspending the current Clueless CBN Governor who only makes knee jerk decisions on major macro economic policies!


May God Bless Buhari For Us!!!

Is it not Emefiele who is in the better position to ensure that there are measures to protect the Naira? Or are you just being a useless Idiotic anti-Igbo bigot hiding behind an Igbo moniker who lacks the ability to think properly?

12 Likes

Re: CBN Bans Deposits Into Domiciliary Account by Asuokaa: 9:28pm On Aug 05, 2015
barcanista:

This will cause more harm to the naira. Anyway, this is an overflogged issue. Time will tell


I like ur status message but I don't like ur views...

Cause I feel ur biased but I love how intelligent u r.. Cause most wen I see ur post all I see is anger even wen u were bashing gej too... Be more constructive bro

8 Likes

Re: CBN Bans Deposits Into Domiciliary Account by cococandy(f): 9:29pm On Aug 05, 2015
OREMUSSANCTUS:
stale news, barcanista don deal wif dis topic before.
i thought you were a guy angry

You don do sex change now now?

2 Likes

Re: CBN Bans Deposits Into Domiciliary Account by Nobody: 9:30pm On Aug 05, 2015
NgeneUkwenu:
President Buhari, do all you can to protect our naira, even if it takes suspending the current Clueless CBN Governor who only makes knee jerk decisions on major macro economic policies!


May God Bless Buhari For Us!!!


Beast... GI remove that Igbo cloth

1 Like

Re: CBN Bans Deposits Into Domiciliary Account by Nobody: 9:30pm On Aug 05, 2015
How do you hold a centre that won't hold?

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Re: CBN Bans Deposits Into Domiciliary Account by Nobody: 9:31pm On Aug 05, 2015
yes o
Re: CBN Bans Deposits Into Domiciliary Account by Nobody: 9:35pm On Aug 05, 2015
emorse:


What then would be the fate of small scale importers who import from aliexpress and their likes?
Use your debit card via escrow

3 Likes

Re: CBN Bans Deposits Into Domiciliary Account by Nobody: 9:35pm On Aug 05, 2015
HOW WILL MY SIBLINGS GET THEIR FEES SENT TO THE STATES....OMG,OGA EMEFIELE DON FINISH US OOO.MAYBE I SHOULD GET ONE OF THESE KANAKO CHARM PROFESSIONALS TO RUN THE ERRAND AT A PRICE.
Re: CBN Bans Deposits Into Domiciliary Account by j4sure(m): 9:35pm On Aug 05, 2015
Na wa oooh
Re: CBN Bans Deposits Into Domiciliary Account by Ymodulus: 9:35pm On Aug 05, 2015
Form A and Form M is the way to go.
Re: CBN Bans Deposits Into Domiciliary Account by Nobody: 9:36pm On Aug 05, 2015
atlwireles:


You hit the nail on the head, this pretty much puts them out of business.
They can use debit cards and paypal

6 Likes

Re: CBN Bans Deposits Into Domiciliary Account by CallPolice: 9:36pm On Aug 05, 2015
None of my business as long as naira remains 250/dollar
Re: CBN Bans Deposits Into Domiciliary Account by XBLadez: 9:36pm On Aug 05, 2015
Trailblazer1:
[s]Ngeneukwunu is the most economically astute APC supporter on Nairaland.[/s]

Since she he declared herself an economist, Nigeria economy has taken a tumble cheesy
Are you saying you didn't see the source? undecided
Re: CBN Bans Deposits Into Domiciliary Account by tivta(m): 9:36pm On Aug 05, 2015
Oyo is the name for small scale importers.

1 Like

Re: CBN Bans Deposits Into Domiciliary Account by emorse(m): 9:37pm On Aug 05, 2015
NgeneUkwenu:


Yes through Form A or Form M! That is exactly what CBN wants to achieve with the new policy.

Don't you think they may have to simplify protocols to facilitate the use of those forms?

1 Like

Re: CBN Bans Deposits Into Domiciliary Account by Ahmeduana(m): 9:37pm On Aug 05, 2015
NgeneUkwenu:
President Buhari, do all you can to protect our naira, even if it takes suspending the current Clueless CBN Governor who only makes knee jerk decisions on major macro economic policies!


May God Bless Buhari For Us!!!
HE DON TURN TO CLUELESS NOW BA?

2 Likes

Re: CBN Bans Deposits Into Domiciliary Account by kay1one2(m): 9:37pm On Aug 05, 2015
NgeneUkwenu:
President Buhari, do all you can to protect our naira, even if it takes suspending the current Clueless CBN Governor who only makes knee jerk decisions on major macro economic policies!


May God Bless Buhari For Us!!!

3 Likes

Re: CBN Bans Deposits Into Domiciliary Account by atlwireles: 9:38pm On Aug 05, 2015
Obiagelli:

They can use debit cards and paypal

how are these accounts funded?
Re: CBN Bans Deposits Into Domiciliary Account by tivta(m): 9:39pm On Aug 05, 2015
Obiagelli:
Use your debit card via escrow
It has a limit.
Re: CBN Bans Deposits Into Domiciliary Account by kay1one2(m): 9:40pm On Aug 05, 2015
Trailblazer1:
Ngeneukwunu is the most economically astute APC supporter on Nairaland.

Since she declared herself an economist, Nigeria economy has taken a tumble cheesy

She be drop out.

1 Like

Re: CBN Bans Deposits Into Domiciliary Account by Nobody: 9:41pm On Aug 05, 2015
atlwireles:

how are these accounts funded?
Naira deposit in your bank account. Western union is also available.

5 Likes

Re: CBN Bans Deposits Into Domiciliary Account by Nobody: 9:42pm On Aug 05, 2015
tivta:
It has a limit.
I thought you said small importers.

7 Likes

Re: CBN Bans Deposits Into Domiciliary Account by eaglechild: 9:44pm On Aug 05, 2015
owobokiri:


NgeneUkwunkita the village economist. What do you want to do with a "strong naira"?? This is not another political kiriji war. It is basic economics. I thought the APC wants to stimulate an export economy. . How can a powerful naira drive export? Lecture, sorry, humour us. .
grin grin grin grin

4 Likes

Re: CBN Bans Deposits Into Domiciliary Account by kaboninc(m): 9:44pm On Aug 05, 2015
Obiagelli:

Is it impossible for importers to do transactions without this domicillary account sef. Can't we pay naira equivalent and have the banks do the exchange electronically

It depends on what they are importing.

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