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Nairaland Forum / Nairaland / General / Business / CBN Bans Deposits Into Domiciliary Account (62954 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 Nobody: 9:44pm On Aug 05, 2015 |
Asuokaa:What do you suggest? 1 Like |
Re: CBN Bans Deposits Into Domiciliary Account by Nobody: 9:46pm On Aug 05, 2015 |
not4sure: Western Union. |
Re: CBN Bans Deposits Into Domiciliary Account by tivta(m): 9:47pm On Aug 05, 2015 |
Obiagelli:Yes but remember it's just 10m per year with no room for expansion. Remember most products are already expensive. |
Re: CBN Bans Deposits Into Domiciliary Account by Happiness87(f): 9:48pm On Aug 05, 2015 |
agarawu23:sentimental pooo, just few weeks ago, some APC mules asked him to resign, today another APC mules is praising him and raising pooo sentiments that can not convince a 5year old 1 Like |
Re: CBN Bans Deposits Into Domiciliary Account by IsraeliAIRFORCE: 9:50pm On Aug 05, 2015 |
Obiagelli: It's as easy as ABC for Mallams in Northern Nigeria. The boundaries are meant for poor people and certainly not for the rich. Ask Sherrif and other Borno elites their stake in Chad Republic Even Asari Dokubo is citizen in Benin Republic let alone numerous South East, Southwest and South-South Nigerians resident in those countries. Read the circular again, it says they can withdraw either their dollar or Naira equivalent. |
Re: CBN Bans Deposits Into Domiciliary Account by Nobody: 9:50pm On Aug 05, 2015 |
ERODEDEAST: What you've written is meaningless. You wrote a short sentence and 'may' occurred twice. Isn't it tragic that you're one of those foolish few who say Buhari is a blockhead? Honestly, the quality of your posts shows the state of your brain. 11 Likes |
Re: CBN Bans Deposits Into Domiciliary Account by erico2k2(m): 9:51pm On Aug 05, 2015 |
atlwireles:New doors opening for corrupt oficials 1 Like |
Re: CBN Bans Deposits Into Domiciliary Account by emorse(m): 9:51pm On Aug 05, 2015 |
tivta: In this case, the stronger the naira(which appears to be the ultimate aim of the policy), the better. Or what do you think? 3 Likes |
Re: CBN Bans Deposits Into Domiciliary Account by Nobody: 9:55pm On Aug 05, 2015 |
IsraeliAIRFORCE: Not anymore
2 Likes |
Re: CBN Bans Deposits Into Domiciliary Account by not4sure(m): 9:55pm On Aug 05, 2015 |
chuna1985:Correct Guy !!! 2 Likes 2 Shares |
Re: CBN Bans Deposits Into Domiciliary Account by Nobody: 9:55pm On Aug 05, 2015 |
cococandy:NL boiz na ashawo dem don dhe pm me since. How u dhe mama coco? |
Re: CBN Bans Deposits Into Domiciliary Account by favouritesahaba: 9:55pm On Aug 05, 2015 |
NgeneUkwenu: God bless me too |
Re: CBN Bans Deposits Into Domiciliary Account by Nobody: 9:57pm On Aug 05, 2015 |
tivta:They would have to fill the Cbn forms. 2 Likes |
Re: CBN Bans Deposits Into Domiciliary Account by Nobody: 9:57pm On Aug 05, 2015 |
Hope this guys wont end up making the naira 500 to a dollar. |
Re: CBN Bans Deposits Into Domiciliary Account by cococandy(f): 9:58pm On Aug 05, 2015 |
Re: CBN Bans Deposits Into Domiciliary Account by menxer: 9:59pm On Aug 05, 2015 |
finally, we are seeing the need to take hard decisions... the chips may fall where they want. this is the best news today. may we find the strength to adjust accordingly. 4 Likes |
Re: CBN Bans Deposits Into Domiciliary Account by Asuokaa: 10:00pm On Aug 05, 2015 |
barcanista: See en...most of your points bring out tribal issues not that ur trying to bring up tribal issues but most times it flare up ...see for example u make a comment on buhari, some group of ibo guys see it has an opportunity to become tribalistic which is wrong.. Buhari is a good man but in the wrong party direct it to the party more often not the man in charge u can't deny he is not trying ... The likes of nmandi kalu I can bet come on nairaland to read comments or how can someone living in uk no more than we dat r living down in nigeria even femi adesina will always be on Nairaland.. Hope u get..so be more constructive bro... Nigeria is a country dat musnt fall I lost friends in this country dey payed with their life for it not minding their region at all... Soldiers r paying a price the politicians from the whole nigerians bought for us... Eg a captain and a lieutenant lost der lives this 2015 b4 buhari entered der first born were just 3months and 2weeks respectively.. We in the military r d one feeling the heat ...breakup is not something we want to see... And mind u am sure u knw BH was a political thing not religion that dey r bringing up nw While many see him travelling a lot there r somethings he is doing dat most nigerians don't kwn..eg he travelled round troubled countries guess wat he discussed in summary "u guys just block BH from running while we destroy them".. But see we both knw dat this countries want glory not the end of BH, now it is biting dem hard Like I said target the party not the individual 9 Likes 3 Shares |
Re: CBN Bans Deposits Into Domiciliary Account by AZeD1(m): 10:00pm On Aug 05, 2015 |
This is not just a naira strengthen policy, its also a move to check money laundering. This is 2015, transactions should be done electronically. 5 Likes 1 Share |
Re: CBN Bans Deposits Into Domiciliary Account by Elegantdiva: 10:05pm On Aug 05, 2015 |
wow! strange step. Jst hope it is for good thou its gonna affect my man |
Re: CBN Bans Deposits Into Domiciliary Account by 989900: 10:06pm On Aug 05, 2015 |
If I tell you some racketeers and 'polithiefians' have millions of dollars stashed in their dom. acc, and you are the CBN governor at this hour with your career and freedom on the line, what would you do? 2 Likes |
Re: CBN Bans Deposits Into Domiciliary Account by onyeogalu1(m): 10:08pm On Aug 05, 2015 |
atlwireles: That is the plan |
Re: CBN Bans Deposits Into Domiciliary Account by IsraeliAIRFORCE: 10:08pm On Aug 05, 2015 |
Obiagelli: I have modified the comment to provide for comprehensive answer to your questions The information you quoted was to clarify the status of current balance for people who buys Forex from BDC and deposit in their domiciliary account which is currency speculation. On a broader note, domiciliary account is not a usual current account hence by definition the dollars are kept in trust for the owners in a commercial bank's vaults and can't be nairalized at will. 3 Likes |
Re: CBN Bans Deposits Into Domiciliary Account by Fourwinds: 10:11pm On Aug 05, 2015 |
barcanista:yahoo boys are in trouble. not forgetting our chronic pen robber politicians and civil servants 3 Likes |
Re: CBN Bans Deposits Into Domiciliary Account by ERODEDEAST(f): 10:12pm On Aug 05, 2015 |
What are you feeling like? [s] Activa:[/s] 2 Likes |
Re: CBN Bans Deposits Into Domiciliary Account by Nobody: 10:14pm On Aug 05, 2015 |
ERODEDEAST: Stop writing rubbish all over the place. This is not your forte. Cross over to banal issues and base topics boy! Get lost! 5 Likes |
Re: CBN Bans Deposits Into Domiciliary Account by snakie86: 10:15pm On Aug 05, 2015 |
best decision just as i mentioned here....https://www.nairaland.com/2502096/why-rejection-foreign-currency-deposit |
Re: CBN Bans Deposits Into Domiciliary Account by bejeria101(m): 10:21pm On Aug 05, 2015 |
barcanista: dont mind them,so every deposit into a dom a/c is money laundering? The vaults are full? Yet pmb goes to borrow $75m,who is fooling who,abeg minus yahoo boyz,pple use those a/c for their legit biz spare us the drama 1 Like |
Re: CBN Bans Deposits Into Domiciliary Account by anigbajumo(m): 10:21pm On Aug 05, 2015 |
not4sure: Original trouble, 1 Like |
Re: CBN Bans Deposits Into Domiciliary Account by Joe50(m): 10:22pm On Aug 05, 2015 |
last week i ordered for goods at aliexpress and i hope this policy won't affect the goods because it has not arrive yet. i used free shipping. this is my first time to order from aliexpress with a test of $50.40 please how long will it get to Benin city. thanks. 1 Like |
Re: CBN Bans Deposits Into Domiciliary Account by ERODEDEAST(f): 10:23pm On Aug 05, 2015 |
@Activa Stop Blabbing and spewing poo, The fact that I don't buy into ur view should not get you exasperate, Jack! 2 Likes |
Re: CBN Bans Deposits Into Domiciliary Account by conyema12(m): 10:27pm On Aug 05, 2015 |
From the look of things, the new CBN policy is not a naira strengthening approach rather an anti-money laundering tactics. The fact still remains that the strength of naira is quite feeble. Few weeks from now, the amount of dollar in circulation mostly from BDC operators will be spent, and scarcity of dollar will commence. I foresee a situation dollar will hit 280 per naira due to its scarcity, and it will mostly be sourced from neighboring countries and travelers. |
Re: CBN Bans Deposits Into Domiciliary Account by menxer: 10:28pm On Aug 05, 2015 |
atlwireles: tell me how someone will go through these processes and go import fake or substandard goods? |
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