Mrchippychappy:


Why don't they place these ridiculous restrictions on politicians, public office holders and their associates? Wetin concern average Nigerians and cash limitation? The FG would probably say that the cash withdrawal limitation is another way of fighting corruption. besides the article talks about limiting NAIRA cash withdrawals. Another blunder from the new administration.

ELVISHOT:



http://www.vanguardngr.com/2015/08/banks-reduce-withdrawal-limits-on-atms/

simplynola:
I need N300,000, i will withdraw for five days affecting my entire business that's expected to add value to the economy, if am using another bank ATM i will cough out N65 extra for five days. On another hand, wear and tear on the ATM machine all because of all these CBN textbook policies. Clueless People.

BizBayo:



Hahahaha, nice observation. But it still a very good policy. I hope people will see reason to start using electronic payment.

fatdon2:
The new CBN man is brainless , I thought we where moving to a cashless economy. Now people will prefer to have their money kept in
their homes. Bcus withdrawing above the counter also has its limit and charges are applied. Now ATM has its daily limit. So in other word they reducing the purchasing power of us and hereby allowing us to have our money in our home saves. Bad policies.

asha01:


well are only returning to old ways, this is what it used to be before now.
just like we returning to Buhari government like in the 80s.
sai baba

bushdoc9919:


I tell ya.

But still....in fairness to the banks...Nigeria really is a risky place to do business. See the recent debtors lists posted in the dailies. Banks have so many people owing them ........and they still need cash to run. Banks also spend millions on generators, inverters, etc....just to keep operations running. And they have to pay their staff good salaries(so that the staff do not steal cash from the till occasionally ).And there are the high security costs too.

Guess where the money to do all that comes from.

chrisviral:
Sorry, but you're passing an old and wrong information.
According to the recent message from my bank, it has been revised to around 2000 dollars per month with the option of using it all in one day (and waiting till the next month) and about 3 million NGN over POS (same rule applies)

Thank you.

repogirl:
Tightening of the whole economy....

Is this sustainable? I hope so.

chrisviral:
Sorry, but you're passing an old and wrong information.
According to the recent message from my bank, it has been revised to around 2000 dollars per month with the option of using it all in one day (and waiting till the next month) and about 3 million NGN over POS (same rule applies)

Thank you.

dustydee:

I think this is temporary. I suspect it is a move to stop some people from siphoning stolen funds out of the country pending investigations into their financial conduct. The measures are uncomfortable especially for genuine users/shoppers.
The restrictions will be lifted sometime as I don't see it as sustainable for long.

Elxandre:
So, say I need a gadget from Ebay worth $600, I can no longer get it?
Why are there still stuff worth over 60k on Konga if I really can't pay for them anymore

Please break it down to the language I can understand ooo..

Baba Sunday, please make me one strong wooden box with ten German padlocks, e be like say Bank don tire me

ebosse:


evolve? bro, i use internet banking a lot and for every transaction #105 is deducted from my account. Banks are actually ripping Nigerians off with this internet banking. They should consider reducing the charges then I'm sure Nigerians wouldn't think twice about it.

MrCuddles:
Those that don't have anything in their account are the ones that will start making noise and booking space, just watch.

fatdon2:
The new CBN man is brainless , I thought we where moving to a cashless economy. Now people will prefer to have their money kept in
their homes. Bcus withdrawing above the counter also has its limit and charges are applied. Now ATM has its daily limit. So in other word they reducing the purchasing power of us and hereby allowing us to have our money in our home saves. Bad policies.

fatdon2:
The new CBN man is brainless , I thought we where moving to a cashless economy. Now people will prefer to have their money kept in
their homes. Bcus withdrawing above the counter also has its limit and charges are applied. Now ATM has its daily limit. So in other word they reducing the purchasing power of us and hereby allowing us to have our money in our home saves. Bad policies.

MrCuddles:
Those that don't have anything in their account are the ones that will start making noise and booking space, just watch.

jamesbridget13:
Thats y i love my mobile banking Online; surely d best

RedBenson:


What is Bj as written on your signature?

fatdon2:
The new CBN man is brainless , I thought we where moving to a cashless economy. Now people will prefer to have their money kept in
their homes. Bcus withdrawing above the counter also has its limit and charges are applied. Now ATM has its daily limit. So in other word they reducing the purchasing power of us and hereby allowing us to have our money in our home saves. Bad policies.

jamesbridget13:
my initials. Any issue?

barcanista:
We are in for a very hard time in this couintry. The CBN's policy is highly counterproductive. I have been shouting that this man and oga Buhari are about ruining our economy. Jesus

ndidibabe:
Very very bad policy. I remember when I was doing my masters in the UK, the school allowed five months' installment payment of the tuition using mastercard. Likewise, most UK universities. With this new policy, anyone planning to study in the UK has to part with at least N3,500,000 yearly using the A form.