It shall never be well with those who campaigned and voted Buhari in 2015!

good4all40:



So you think everyone that lives in Nigeria has a Domiciliary account?

The policy is from the FG even World remit and other international remittance companies hault transaction to Nigeria except you have a Dom account then you can receive your money in USD.

I repeat that is not true.
Western union,Ria, MoneyGram have been here before world remit and the new entrant's,When world remit and the ilks came the policy is that everyone must be paid in naira,that was what made nigeria attractive to them,they opened accounts with our local banks and pay people in naira for their remittance,they go back and sell the Dollars remitted at black market rate making more money.
Do not forget that the policy of naira payment for every inbound remittance is to take pressure off the banks from demanding Dollars from CBN to pay people, unfortunately the Remittance companies in conjunction with our local bank did not make it work,rather for naira to appreciate it depreciate the more.

That makes CBN to switched gear that everyone must be paid in dollars.knowing fully well that an poor Person will head to Aboki to change to naira thus making Dollars more available, making it easier for those that needs small forex for little transactions

orisa37:
Federal Government of Nigeria's new policies is making it difficult for banks to send money to those in NIGERIA.

Such policy is wrong and unwise.

It is intentional, Bro.
They feel that it is the money from outside Nigeria that funded the ENDSARS movement.
So this is them clamping down on this foriegn money.

Duridadi:

I swear na ONLY you dey experience that one !

My girlfriend ( female friend ) just received some cash from her sister ! So I no know wetin you dey yan for Nairaland !

Why are you trying to move us to Panic Mode ?

I sent money to my Nigerian bank account through Titanes money transfer since Two days ago, the money is still hanging till now. The agent told me that Nigerian government is making things very difficult for them. Normally if I send money through this company I do receive alert same day. Something is really wrong.

frankmoney:
world remit I'm sure of

It's great to know just confirmed it now because the online convertion rate is a total rip off.

Wiseandtrue:
I spoke to someone outside the country and he said that the Federal Government of Nigeria's new policies is making it difficult for banks to send money to those in Nigeria

Who else is experiencing delay in money transfer from foreign countries

We need to know what people are going through

Have you try using PayPal?

I'm currently facing same since January 4th that i received money from abroad up till now I don go bank tired to collect my money but no avail cux dem dey required nonsense documents for me to activate the dom account.. How I wish the money small Aje I go just bash it like that cux of the stress

Thieves. You better work for your money than begging abroadians for dollars. Awon ole alatenuje.

olenyi:




Use sendwave and receive USD from any access bank branch nearest to you.

it is blocked. All money transfer apps are blocked since December 2020. Looks like you are not updated

Wiseandtrue:
I spoke to someone outside the country and he said that the Federal Government of Nigeria's new policies is making it difficult for banks to send money to those in Nigeria

Who else is experiencing delay in money transfer from foreign countries

We need to know what people are going through

Where are you people getting all this jungle news from. Ihave just sent money today from Europe to Nigeria.

good4all40:



It's great to know just confirmed it now because the online convertion rate is a total rip off.

yes it is ,now you can take it to aboki guys and change it

Solatium:




I repeat that is not true.
Western union,Ria, MoneyGram have been here before world remit and the new entrant's,When world remit and the ilks came the policy is that everyone must be paid in naira,that was what made nigeria attractive to them,they opened accounts with our local banks and pay people in naira for their remittance,they go back and sell the Dollars remitted at black market rate making more money.
Do not forget that the policy of naira payment for every inbound remittance is to take pressure off the banks from demanding Dollars from CBN to pay people, unfortunately the Remittance companies in conjunction with our local bank did not make it work,rather for naira to appreciate it depreciate the more.

That makes CBN to switched gear that everyone must be paid in dollars.knowing fully well that an poor Person will head to Aboki to change to naira thus making Dollars more available, making it easier for those that needs small forex for little transactions

And how did CBN expect these aboki's to get the same dollar? Unless CBN is working hand in hand with them too.

Kieel:
Tell the sender to Use world remit
You receive the money(in local currency) into your bank account instantly

Boss na then be that oo not now, I received money from world remit last year December but the money have to be dollar pick up in any world remit affiliated bank

Olodo read and have sense. Foreign capital flow into Nigeria plummeted by more than half in 2020 to $9.68bn, its lowest level in four years, the National Bureau of Statistics said on Friday.The NBS, in its capital importation report for the fourth quarter and full-year 2020, said the total value of capital importation into the country fell by 59.65 per cent or $14.3bn last year from $23.99bn in 2019.

Foreign capital flow into the country stood at $16.81bn in 2018, $12.23bn in 2017 and $5.12bn in 2016, the NBS data showed.

The statistics office said the total value of capital importation in Q4 stood at $1.07bn, down by 26.81 percent compared to Q3 and by 71.87 per cent compared to the same period of 2019.
“The largest amount of capital importation by type was received through other investment, which accounted for 73.22 per cent ($783.26m) of total capital importation, followed by Foreign Direct Investment, which accounted for 23.49 per cent ($251.27m) of total capital imported and portfolio investment which accounted for 3.29 per cent ($35.15m) of total capital imported in Q4 2020,” it said.

The NBS said the United Kingdom emerged as the top source of capital investment in Nigeria in Q4 with $236.88m, accounting for 22.14 per cent of the total capital inflow.

‌It said, “By Destination of investment, Lagos State emerged as the top destination of capital investment in Nigeria in Q4 2020 with $829.64m. This accounted for 77.56% of the total capital inflow in Q4 2020.

“By bank, Citibank Nigeria Limited emerged at the top of capital investment in Nigeria in Q4 2020 with $216.17m. This accounted for 20.21 per cent of the total capital inflow in Q4 2020.”

https://www.independent.ng/breaking-nigerias-foreign-capital-inflow-sinks-to-9-68bn-lowest-in-four-years/

4ckTOT0:
abroad people are not the cause of your misfortuune and senselessness , go and hustle abobi

gaddafe:
From which country? Tell the sender to use world Remit

Tell me about world remit please

,

Ademoore07:
Thieves. You better work for your money than begging abroadians for dollars. Awon ole alatenuje.

Are you Normal Why are you in sifia pains about another man's money
Awon jealousy gang

Athemisia:

And how did CBN expect these aboki's to get the same dollar? Unless CBN is working hand in hand with them too.

Most people who get Remittance spend them on living,there is 99% that the money will be change minutes after emerging from the banks,who changes currency other that aboki's
If you know the worth of what these banks and Remittance companies cornerd in the name of Remittance fear go catch you.
If they are here for genuine business,let them do it the way law proscribed.


Pay people in Dollars and let them do whatever they like with it.
Banks are still paying in Dollars

olenyi:


Use sendwave and receive USD from any access bank branch nearest to you.

You're right, I used it recently but won't let me send >$2.9K. I had to use my usual Int'i wire transfer into a family member's domiciliary which gets changed for me at the black market rate.

lagdmark:

Where are you people getting all this jungle news from. Ihave just sent money today from Europe to Nigeria.

Through what means?

Jimmy231:
This one no get money way him wan collect I fit tell am 20 possible way to receive money now

so for ur mind now u rich

Solatium:






Most people who get Remittance spend them on living,there is 99% that the money will be change minutes after emerging from the banks,who changes currency other that aboki's
If you know the worth of what these banks and Remittance companies cornerd in the name of Remittance fear go catch you.
If they are here for genuine business,let them do it the way law proscribed.


Pay people in Dollars and let them do whatever they like with it.
Banks are still paying in Dollars

But you know there's no way these companies and banks will completely be geniune about dollar payout.

deathmen12:
[s]Olodo read and have sense. Foreign capital flow into Nigeria plummeted by more than half in 2020 to $9.68bn, its lowest level in four years, the National Bureau of Statistics said on Friday.The NBS, in its capital importation report for the fourth quarter and full-year 2020, said the total value of capital importation into the country fell by 59.65 per cent or $14.3bn last year from $23.99bn in 2019.

Foreign capital flow into the country stood at $16.81bn in 2018, $12.23bn in 2017 and $5.12bn in 2016, the NBS data showed.

The statistics office said the total value of capital importation in Q4 stood at $1.07bn, down by 26.81 percent compared to Q3 and by 71.87 per cent compared to the same period of 2019.
“The largest amount of capital importation by type was received through other investment, which accounted for 73.22 per cent ($783.26m) of total capital importation, followed by Foreign Direct Investment, which accounted for 23.49 per cent ($251.27m) of total capital imported and portfolio investment which accounted for 3.29 per cent ($35.15m) of total capital imported in Q4 2020,” it said.

The NBS said the United Kingdom emerged as the top source of capital investment in Nigeria in Q4 with $236.88m, accounting for 22.14 per cent of the total capital inflow.

‌It said, “By Destination of investment, Lagos State emerged as the top destination of capital investment in Nigeria in Q4 2020 with $829.64m. This accounted for 77.56% of the total capital inflow in Q4 2020.

“By bank, Citibank Nigeria Limited emerged at the top of capital investment in Nigeria in Q4 2020 with $216.17m. This accounted for 20.21 per cent of the total capital inflow in Q4 2020.”

https://www.independent.ng/breaking-nigerias-foreign-capital-inflow-sinks-to-9-68bn-lowest-in-four-years/[/s]

ta there. me to waste time to read trash. i dont read any post that exceeds 2 lines. your papa there

stephenponti:
Is it only from abroad that's difficult to receive money. 6k transferred to me from GTB is still hanging since MORNING. Its third time am having this issue this week.. it is mostly afterwards reversed to sender. And this is causing friction in my business.

Change to better bank before dem put you for gbese, GTB don cast tay tay

Costa2000:

I sent money to my Nigerian bank account through Titanes money transfer since Two days ago, the money is still hanging till now. The agent told me that Nigerian government is making things very difficult for them. Normally if I send money through this company I do receive alert same day. Something is really wrong.

....Well , me all I know be say dem send, she received shap shap !

; now I understand where your stupidity is coming from. Abobi get out.

4ckTOT0:
ta there. me to waste time to read trash. i dont read any post that exceeds 2 lines. your papa there

MoneyGram or WU charge insane amount of money to send few hundred
Which other one you know that do pickup in Nigeria

Duridadi:
....Well , me all I know be say dem send, she received shap shap !

Hezzyluv:
This government just dey look for any means to make life difficult for Nigerians

report released last year estimated billions of dollars were sent to africa by africans in diaspora. I guess western world is also behind this and Nigerian govt accepted this stupid policy change.

I don't think it is in the best interest of nigerian govt to block or restrict money transfer because it contributes to africa economic development. Looks like the West don't like it.

I am experiencing this shi. This government is gradually turning to nuisance.

I don't know why receiving money from your family abroad should be an issue.

This is true. The CBN introduced a policy in December that required for all international cash transfers to Nigeria be in dollars, and not in naira for direct transfers. What it means is that money transferred can only arrive as dollars (and cashed out as dollars) and not automatically converted to naira by banks. But there are other options. Here in the United States, we use WorldRemit. Please ask the person sending you money from abroad to consult his bank. The banks are in a better position to know other transfer options besides WorldRemit.

Wiseandtrue:
I spoke to someone outside the country and he said that the Federal Government of Nigeria's new policies is making it difficult for banks to send money to those in Nigeria

Who else is experiencing delay in money transfer from foreign countries

We need to know what people are going through

ggood:

how please explain

Please my sister is sending me money from abroad how will I receive it.
this is my first time of receiving cash abroad

Ask her to use sendwave or worldremit. Give her the name on your ID (Passport, driver's license or national ID)

She'll send dollars as cash pickup then you go to any of the listed banks to collect it using the code She'll send to you after doing the transfer

frankmoney:
oga you can the person will.use cash pickup and not bank transfer , all he has to do is go to the bank present a valid i.d and the code given by world remit and the bank will give him dollars

so since when you receive pick up cash through WORLDREMIT ?there service for pick up at the bank was down few weeks ago not sure if someone can still go bank and pick up cash again .maybe there service is back, am not sure but CBN just dey do anyhow