blaise26abj:


How true is this ? I was at gtbank Today and I withdrew some fx with no issues

Did you deposit the money yourself or was it inflow?

Hello, i was in one of the GTB branches last week to withdraw from my DOM account only to be told i can't.
I was further informed that the only option i have is to transfer to another DOM acct.

This money was sent to me from abroad ( inflow ) to collect, change to naira and send to a sister ( i know she is even doubting all
my explanations about this new CBN restriction)

Please did you or someone deposit the money in your DOM acct here in Nigeria or have it sent to you from abroad ( inflow )?

blaise26abj:


How true is this ? I was at gtbank Today and I withdrew some fx with no issues

brunofarad:


Can you use virtual card to pay for fb ad

Why not. Barter card�

Restrictions on international transactions have been something that really give me concern for over 2 months now. I just lost hope in this present administration. Dollar is 487, i lost a lot of money (192,000) due to this dollar exchange rate.

I just need help right now.

God, I believe you can do what nobody can do.

Sincerely, all this back and forth policy will bring more hardship and pains to already struggling citizens

How can you instruct a business owners what to do with their money? How can you tell someone he/ she must sell dollar to bank and go with naira by force.

Sadly, this policy will not only affect business owners or someone doing online business and getting paid in Dollar but will affect every aspect of the economy.

Quickly let me break it down;

Recently buying price of raw sesame seeds in China was 1100usd per ton. This price include buying, Cleaning, logistics, shipping, and import duties to China mainland ports. Meanwhile In Nigeria, the buying cost Is 430,000 per ton at pick up. This price exclude cleaning, Logistics, shipping, and miscelleous.

With crazy logistics cost, high cost of freight, and miscellaneous. How do you expect exporter to sell at CBN rate of 380naira to Dollar and make profit.

Now most foreign buyers shift their focus to other countries with stable foreign exchange. Ethiopia, Ghana, Benin will quote best price for agricultural produce anytime ,anyday compare to Nigeria which is facing a lot of policy challenges.

Hardly to see what the policy is doing to help the economy.

Only in Nigeria citizens were forced to provide everything for themselves.

-No pipe borne water, you have to dig borehole yourself

-No electricity, you have to depend on Generator

- No security, street must have vigilantes, and each houses with personal Aboki as gateman.

- If you order anything online it will take 365days before you get it due to slow and bad Nipost structure.

Recently, primary school pupils where also ask to come with nose mask and sanitizers, then i asked 500naira worth of sanitizer and nose mask is not too much for this children.

I pray we can get things right someday.

So SAD......

AdSense should allow us add payoneer to receive payment, na dem go tire.

At least, they can't deduct from my DOM account without my consent.

Booktree:


Did you deposit the money yourself or was it inflow?

I deposited it some months ago and was able to withdraw almost everything

Dollar will hit N500 next week at the BDC's.

proclinician:
Who cares about the useless FX restrictions and policies of incompetent monkeys in government. Simply run your matter with bitcoins even if it's 1mUSD. Useless things from the dullard in aso rock to the dumb ministers.

Dem go soon block that one.

SearchFirst:
When Sanusi was Governor, he was winning national and international awards everywhere.

Someone should tell me one award this Emefiele has won other than owning the largest Piggery farm in Nigeria.

Sanusi was a wack cBN gov..

Nigeria is cursed with bad leaders.

Oh i see. It seems it is only inflow the policy is affecting.

So the question arise. Do these guys at CBN know what they are doing at all?

I ask because one of the ways Nigeria get dollars into her foreign reserves is via Nigerians abroad
sending remittance home and now you are discouraging it while the country is seriously shopping
for more dollars.

blaise26abj:


I deposited it some months ago and was able to withdraw almost everything

homebase:
Oh i see. It seems it is only inflow the policy is affecting.

So the question arise. Do these guys at CBN know what they are doing at all?

I ask because one of the ways Nigeria get dollars into her foreign reserves is via Nigerians abroad
sending remittance home and now you are discouraging it while the country is seriously shopping
for more dollars.

Was quite surprised while reading this thread . Guess it must be inflow . There is no policy Drive that someone somewhere isn’t benefitting in this country . Dig deep and you will find them . But again True journalism is dead in Nigeria .

homebase:
Oh i see. It seems it is only inflow the policy is affecting.

So the question arise. Do these guys at CBN know what they are doing at all?

I ask because one of the ways Nigeria get dollars into her foreign reserves is via Nigerians abroad
sending remittance home and now you are discouraging it while the country is seriously shopping
for more dollars.

Very soon, people will start sending money into the country through cryptocurrencies only.

LaEvilIMiss:


They buy Maybachs S500 and Ferraris for their daughters without restrictions

naso sanwo olu go gift judges 51 cars and 8 houses in lekki wasting millions

Amazinggirl95:
Pls house will this affect MBA forex cos I invested there pls..someone speak to me

Lol, nothing concerns forex... Btc and other crypto dey to exchange any amount you want. Crypto and forex business is one business the govt can hardly control.

valentineuwakwe:
I went to withdraw my small $800 today at GTB only to be told I must take it in naira.....next thing I hear n.a. " it's cbn new policy ".....I just laugh hard n walk away..this country sef....N.a. wa ooo

Can you send it to china i will pay you in naira

my 1500USD is now stuck in GTB ... tried to transfer today but i couldnt.
Pls is there a way to transfer to my dollar mastercard and use it to purchase BTC online....

Sysdatek:
Thank God for btc

And virtual card services

Fck their 100usd limits

When your transacting 100ps of usd monthly the last thing you want is silly CBN policies

THANK God even importers have bypassed them

Please, help me with a list of virtual card services that you're using. This $100 is frustrating. What can you purchase with $100 in international market?

rangerover:
Wetin una dey do with dollar. Ride on CBN

Leave the fraudsters. Every one is now a forex trader

Dollar hoarders ntoor

blaise26abj:


How true is this ? I was at gtbank Today and I withdrew some fx with no issues

The one at GRA refused to pay us saying its cbn new policy

Wasky101:

Why u dey lie, to what use is this now?
As long as its cash payment u can withdraw your $.

wetin be why I dey lie? it's my hard earn money so why will I say false things...I was at the bank n we were many self at GRA branch of GTB in Portharocurt and they told us this new directives from the cbn. ..well n.a. you sabi sha

Sysdatek:
Thank God for btc

And virtual card services

Fck their 100usd limits

When your transacting 100ps of usd monthly the last thing you want is silly CBN policies

THANK God even importers have bypassed them

I sent you a Pm bro. I need to ask you a question.

NNU0000:
Dollar hoarders ntoor

but u de beg person for 10k on the other thread

I think it’s only GTB that has implemented this nonsense policy.

Other banks have not yet done so and hopefully will not !

valentineuwakwe:


wetin be why I dey lie? it's my hard earn money so why will I say false things...I was at the bank n we were many self at GRA branch of GTB in Portharocurt and they told us this new directives from the cbn. ..well n.a. you sabi sha

The way the thing de annoy me ehnn last two week I wanted to withdraw my cash

Now someone can't use his dormicilary acc to recieve money because it's now a waste of time because you can't withdraw it if the inflow of the cash is paid from.some where

Rather if you deposit dollar into the dorm acc is only when you can withdraw

So sad

I de hear say Dem wan bann cryptocurrency

Ventura1:
AdSense should allow us add payoneer to receive payment, na dem go tire.

At least, they can't deduct from my DOM account without my consent.

Bro even if they add payonner you will still transfer from payoneer to ur savings bank at 383 / naira

Even if u transfer to ur dorm acc it's a waste u won't be able to withdraw it in dollars as long as the inflow to the form acc is via transfer not you depositing it by your self

Better put ur savings acc for ur AdSense and forget dorm acc for now

, NIGERIA my country, BUHARI our presido. Tinubu our Prime Minister, Lai Mohammed our town-crier. Mehn, this country is HELL on earth. My people, make una no give up, e go end soon.

https://www.youtube.com/watch?v=vb87XSmmW1E

I am guessing so because all of us that have been complaining here are mentioning GTBanks.

It seems to me something is wrong with that bank internally.

I need to do something fast about that bank so that it won't end in premium tears.

Novartis:
I think it’s only GTB that has implemented this nonsense policy.

Other banks have not yet done so and hopefully will not !

addictiv:
Something is about to hit the Nigerian economy and it ain't pretty

Bros, even me I'm tired. This is a line I thought we would never cross. If true, Emefiele had no clue what he's doing. That's why I've always said bankers would never be CBN governor. That position needs sound economists.

Lol. The business owners who can't access their money in DOM account will result to black market. 700/$1 loading

COMPAQ:


Bros, even me I'm tired. This is a line I thought we would never cross. If true, Emefiele had no clue what he's doing. That's why I've always said bankers would never be CBN governor. That position needs sound economists.