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Nairaland Forum / Nairaland / General / Business / Banks Stop Use Of ATM Cards Abroad #Emefieleconomics (52502 Views)
Banks Stop Cash Withdrawal From Overseas Atms / Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics / CBN Halts Branch Operations By Bureaux De Change #Emefieleconomics (2) (3) (4)
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Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by Nobody: 9:43am On Dec 20, 2015 |
Time to start using my payoneer atm 1 Like |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by kennyman2000(m): 9:44am On Dec 20, 2015 |
Hmmmmm.... The way Buhari focused on this dollar issue seems as if its only working on dollar thats on his agenda's list. 4 Likes |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by calculusx(m): 9:44am On Dec 20, 2015 |
Tough times ahead. Was almost stranded xterday trying to pay hotel bill with 4 different cards. Had to part with the little $ cash on me. When they steal and deplete Forex reserve, the masses suffer for it. I wonder how people who rely so much on the use of their Nigerian Bank Cards to pay bills will survive? All looters of our treasury, past & present should be locked behind bars. All these Policies will only put innocent Nigerians in a very stringent situation while the looters will always have their way. Nigerians, how did we get here? 29 Likes 1 Share |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by Nobody: 9:45am On Dec 20, 2015 |
These idiots re busy dominating innocent citizens to their injury. Hardship everywhere 4 Likes |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by simplisity(m): 9:45am On Dec 20, 2015 |
When God has made virtualy everything available, but immediately man laid his hands on them, things became hard to get and only d few ones have d access to them. |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by holyboss: 9:46am On Dec 20, 2015 |
werey Government.. was that ehy GtB wanted to charge me 1Ghana Cedi for #71? naso Naira don bad reach?? oleh ppl |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by seggzz(m): 9:46am On Dec 20, 2015 |
cuvox:Do you mean my forex online business will not work? Do you also mean travelling away with only ATM card will not work again? Please Govt should not do this to us. So my travelling this December is under may eh? What type of rubbish policy is this? 4 Likes |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by Howmon: 9:48am On Dec 20, 2015 |
dabriggs: Do you have a solution to the weakening Naira? give suggestions and let's see? I'm afraid of the economic outcome of these austerities likewise 1 Like 1 Share |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by JeffreyJamez(m): 9:52am On Dec 20, 2015 |
This is baaaaaad!!!!! 3 Likes |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by 2sex(m): 9:53am On Dec 20, 2015 |
[size=50pt]It's time for revolution[/size] 8 Likes 2 Shares |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by atilla(m): 9:53am On Dec 20, 2015 |
Why why why? .?? |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by Fawklicant: 9:55am On Dec 20, 2015 |
Bizzare measures also include stiffling SME's? Do you know how many NL'ers import from ebay, aliexpress, amazon, etc? Do you know the implication as regards unemployment? The salary you are probably collecting now could be stopped any moment due to 'unfavorable business environment'. Do you know what the crime rate would be? What alternatives has the govt provided to ameliorate trade condditions for SME's? Do you know that SME's are the engine that drive most economies not the fortune 500 coys? Do you know that PTA/BTA has been suspended and deposits of forex into dormicilliary accounts suspended too? Please suggest one universally acceptable way Nigerian importers can send money abroad for their transaction and while you are at it, please know that even in the quest to drive local manufacturing, raw materials are also imported. smudge2079: 23 Likes 3 Shares |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by chukzyblingz(m): 9:55am On Dec 20, 2015 |
My Diamond bank Visa card stopped working. I was wondering what the problem could be. Bad news. 5 Likes |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by asha80(m): 9:55am On Dec 20, 2015 |
2sex:dont see that happening mate 1 Like |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by ZUBY77(m): 9:55am On Dec 20, 2015 |
Wow. And my foreign business depends on my ATM Cards. Someone should please shoot the CBN governor for me. What kind of going backwards is this? Even small countries with no resources withdraw money abroad. You stopped business men from traveling with money and now you are stopping them from withdrawing money oversea. This devil of a President should mind what he does to Nigeria. 23 Likes 3 Shares |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by jaid23: 9:56am On Dec 20, 2015 |
This #emefileconomics sef. so i no go fit order my cheape cheape accesories from aliexpress again.. hope its for the better sha |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by gabbytabby: 9:56am On Dec 20, 2015 |
Caracta: Out of all these, the one I do not get is the suspension of foreign currency deposits into domiciliary accounts save for those who have not done the BVN. Obviously if you cannot meet obligations from BTA, PTA, cards, imports, payments etc at government preferential rates then those who need forex will have to look for alternative sources if they cannot do without the foreign elements They cannot give what they have not got can they. Reduction in dollar oil revenue will have an impact. 1 Like |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by 2sex(m): 9:57am On Dec 20, 2015 |
asha80:why? |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by godoluwa(m): 9:57am On Dec 20, 2015 |
walahi, 6 Likes
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Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by mbulela: 9:59am On Dec 20, 2015 |
dabriggs: The banks are not doing it to weaken the dollar. They just cant fund the purchase of dollars at the present rate. I heard unconfirmed reports that banks are owing mastercard and visa almost unimaginable debts in recent times. 8 Likes |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by erico2k2(m): 10:00am On Dec 20, 2015 |
kulobyno:Two of u up the are thinking from ur backside.my niece studies in the US the quickest way for me to give her money is pay into her First bank current account. And she withdraws with her atm there.this stops that.and u are charing this silly development due to no clear financial brains. 18 Likes 3 Shares |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by Cpumping(m): 10:01am On Dec 20, 2015 |
na to just go ghana open account. 4 Likes |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by princejayboss: 10:01am On Dec 20, 2015 |
Caracta: Please educate me on the limit on western union and money gram |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by Nobody: 10:02am On Dec 20, 2015 |
mbulela: No not directly. This reaction by the banks is due to the current economic realities. 2 Likes |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by Nobody: 10:03am On Dec 20, 2015 |
how do we pay for domain name and hosting? |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by mbulela: 10:04am On Dec 20, 2015 |
calculusx: Dude it is a serious matter o. At this rate the dollar will easily reach 300 by next weekend. travellers will have to fund their trips by cash. So if dollar is scarce via official routes, the black market will have to make a way. |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by erico2k2(m): 10:05am On Dec 20, 2015 |
dabriggs:And also as a result as having a pry school pupil to rule us. These are times we need brains in the financial sector.the way things are going there won't even be any money left to be stollen.what nxt 4 Likes |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by honvalid(m): 10:06am On Dec 20, 2015 |
Baba God save nigeria.We never knew dis is the change.[color=#990000][/color] 1 Like |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by ecel: 10:06am On Dec 20, 2015 |
This government will soon realised that you cannot punish the rich for a very longer time. They will surely find alternative with the assistance of even people in government but the poor suffer stringent conditions like this being put in place. Most of Nigeria billionaires have foreign bank account and direct access to their use but the common man doesn't. If foreign products prices increase by 400% in a day the people in government won't feel it but the masses. I believe there are several ways government can catch a looters instead of these masses-purnishment monetary policies. They promised to create employment but they are not making business environment conducive for banks and small scale businesses and even big scales. Who are the people behind these policies? Are they Nigerians? How proudly can you call yourself a Nigerian when you hold a Nigerian Bank card abroad and you cannot spend it while other African national are spending without limit abroad. These conditions called for express reviews before it is too late for APC. 14 Likes |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by Smartlife(m): 10:06am On Dec 20, 2015 |
First won't this cause money laundering activities. This policy means that there is no need keeping your money in the bank anymore for travellers and co thereby increasing risk of carrying cash about. Nigeria is really heading for doom. How person go take fund him forex broker, buy from aliexpress and pay for things online internationally... I just regret voting for this present administration. 15 Likes 2 Shares |
Re: Banks Stop Use Of ATM Cards Abroad #Emefieleconomics by Iko5000: 10:07am On Dec 20, 2015 |
.. and you believe this is the best ,a closed society whereby ordinary citizens can't get foreign exchange why your politicians spends dollars in both in Nigeria and abroad freely . Nigerians open your eyes BrianRoss: 6 Likes 1 Share |
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