Reyus:


The rates are climbing up after the crash..

ojesymsym:
My interpretation is slightly different from yours based on the wordings of the CBN tweet.
My understanding is that you can cash out[b] both electronic and cash deposits [/b]but cannot transfer cash deposits.
So using your case study. The total $1000 can be physically withdrawn whereas you can only transfer the $300 that came in through transfer and not the $700.
The reason I believe is that the electronic transfer always has a trail that can be tracked, the same cannot be said for the cash deposit which will only start having a paper trail from the point when the transfer starts.
I hope I am applying what my night school teacher taught me and not just applying wishful thinking sha.

unite4real:


CBN tweet is very straight forward. It did not make mention of BOTH anywhere, instead it says ONLY.

It simply says

"ONLY TRANSFERS INTO DOMICILIARY ACCOUNTS CAN BE TRANSFERRED FROM SUCH ACCOUNTS WHILE CASH DEPOSITS INTO SUCH ACCOUNTS CAN ONLY BE WITHDRAWN IN CASH"

iamloyalty:


But u said u got debited and interest has been paid

chigo4u:

The tweet didn’t say anything about withdrawing electronic transfers. It simply talked about transferring cash deposits. You can still withdraw electronic transfers, but only electronic transfers can be transferred out

zamirikpo:


Going by this is it safe to say that we can still deposit cash into our dorm account and transfer same electronically as long as it is below $10,000

cucumbar:
Please how do I go about changing my funds to dollars, considering this rumor of devaluation. Who go fit supply me 50k usd upwards? And can I deposit said amount into my dorm account at once?

Pascopele:
Have a good weekend, guys.

1. Stay away from crowds (80% of South Korean infections happened at Shincheonji Church).

2. Wash both hands for at least 20 seconds regularly.

3. Avoid touch your ears, nose, and mouth.

4. Stay away from sick people.

Grupo:


John, go to the order health section and create a thread. Don't come here to cause panic.

Sach:

This is the challenge I am facing right now. I deposited used cash in my dorm account with Stanbic intending to transfer it to their dollar mutual fund, they have insisted that they are not accepting cash deposits. I showed them this circular all to no avail.

Sach:

This is the challenge I am facing right now. I deposited used cash in my dorm account with Stanbic intending to transfer it to their dollar mutual fund, they have insisted that they are not accepting cash deposits. I showed them this circular all to no avail.

ojesymsym:
Stanbic has never accepted cash deposits for their dollar mutual, not sure it has to do with this circular.

Sach:

This is the challenge I am facing right now. I deposited used cash in my dorm account with Stanbic intending to transfer it to their dollar mutual fund, they have insisted that they are not accepting cash deposits. I showed them this circular all to no avail.

TotoNaRubber:

Do you mean you deposited Dollar Cash into your Stanbic USD account and tried to transfer the same Dollar to the Stanbic Dollar Fund and they refused?

tunene66:


Then report to CBN.
Send an email to [b]cpd@cenbank.gov.ng[/b]and copy the bank's official email. I believe they will act

Sach:

Exactly!!!!!! I know they do not accept cash for mutual funds, I have their naira mutual funds. I deposited usd cash in my own Dom acc to transfer to their Dollar fund but they refused.

Sach:

Exactly!!!!!! I know they do not accept cash for mutual funds, I have their naira mutual funds. I deposited usd cash in my own Dom acc to transfer to their Dollar fund but they refused.

Sach:

Exactly!!!!!! I know they do not accept cash for mutual funds, I have their naira mutual funds. I deposited usd cash in my own Dom acc to transfer to their Dollar fund but they refused.

ahiboilandgas:
Why would any body do a t.b of 2 or 3 percent for 90 days when a saving account gives 4.5 percent per month....rationality is key.....if u leave 10m in a saving accounts it generate 40k monthly (no lost bids ) while tb 23k per months so in 90 day u make 120k while tb 63k ...only if u are biding 1 year

thattnaijaman:
Nairalanders pls help me!

I participated in the last Tbills and I won my bid of 90 days at 3percent.

My account officer only called me that the bank will only give me 1 percent instead of the 3 percent I quoted and did win.

How true is this?

Does the bank have power to do this.

I want to move my funds to another bank.

Pls advise gurus and bankers in the house.

Thanks.