Stats: 3,189,137 members, 7,936,530 topics. Date: Saturday, 31 August 2024 at 03:30 PM |
Nairaland Forum / Nairaland / General / Business / CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances (35918 Views)
90% Of 2023 Diaspora Remittances Didn’t Get To Nigeria — Oyedele / Diversion Of Diaspora Remittances To Black Market Weakens Naira - CBN / Naira-4-dollar Scheme Ends May 8, Banks Tell Customers (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (Reply) (Go Down)
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by Foolishbuhari: 7:21pm On Mar 06, 2021 |
einsteine: That's if the bank agrees they have dollars right? If they say they don't, what are you going to do? Common man you really believed the banks would pay out in dollars when they are already planning to swindle people off their benefits? I believe you already saw the guy in the thread saying UBA is offering ₦2 whereas the CBN says ₦5 right? They are already planning to steal! Just months ago, GTB and the other banks said they won't pay out Forex for transfer deposits. Even for cash deposits some branches insisted they didn’t have Forex. It's an already failing policy even before it began 1 Like |
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by Kettlecorn: 7:22pm On Mar 06, 2021 |
Pesuzok: Please let us know which bank is paying out up to $2,500 in dollar cash without telling you stories about no dollar available, come tomorrow. |
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by netmillionaires(m): 7:34pm On Mar 06, 2021 |
Very useless government. This is what happens when you keep bringing forth useless policies. They have realize that people like me have cease to remit forex. I stopped remitting my money the moment they stamped the $100 withdrawal limit on foreign transactions. I realized that this government can destroy the country one day with their corruption, nepotism and quota system, and then come around to say Nigerians are only entitled to #100k of their money even when you have #2b in your account while government use the remaining to rejig the economy. The funny part is that the resolution will only apply to the masses while they continue to use theirs to cater for their families. CodeTemplar: |
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by GeorgeTheCoder: 7:38pm On Mar 06, 2021 |
Simplyleo: Some of you just write rubbish here. |
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by gnykelly(m): 7:40pm On Mar 06, 2021 |
CBN needs new brain. they need to bring in technocrats not this current psuedo professionals. there are policies you put in place that will reduce the pressure on the dollar. I don't know who advice the CBN. let them contact me as a consultant. and I will crash the price of the dollar. |
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by lugo99(m): 7:44pm On Mar 06, 2021 |
abeg can someone differentiate btw Domiciliary account and this!!! |
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by gnykelly(m): 7:46pm On Mar 06, 2021 |
redsun: you want to advise people that love extravaganza without recourse to the future. |
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by netmillionaires(m): 7:47pm On Mar 06, 2021 |
The bigger problem is that when a southerner comes in and set us 2 steps forward, he would only spend 8 years maximum. After which a northerner will come in again to set up 5 steps backward. I am tired of this fake federal system of government. Restructure the country and let us deal with our problems locally. princemartinsG: |
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by netmillionaires(m): 8:11pm On Mar 06, 2021 |
You even try. Just pray they don't come up with that nonsense policy again and tell you that you can't withdraw more than $100 per month. They will then have a grace of months to use your money to sponsor people on pilgrimage. 12inchess: |
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by favor914: 8:31pm On Mar 06, 2021 |
Bampeh:Rubbish, theoretical economics, is different from practical application, it will fail as usual, invest in electricity, increase productivity for export is the only way. What a country CBN depending on stipends from Nigerians suffering to make ends meet in the diaspora? Useless Nation 2 Likes |
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by Moneyearners: 8:43pm On Mar 06, 2021 |
Fg with give and take mentally |
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by int0x80(m): 8:49pm On Mar 06, 2021 |
alingo2013:Don't mind them, lazy government. Instead of going out there to attract foreign investors, they are there looking for easy money! 2 Likes |
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by haykay2005: 8:55pm On Mar 06, 2021 |
What if the money is deposited directly into my domiciliary account from abroad and not through any of the IMTOs.? |
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by Athemisia: 9:12pm On Mar 06, 2021 |
Bampeh:Bampeh of all trades
|
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by Athemisia: 9:13pm On Mar 06, 2021 |
netmillionaires: GT bank usually do that $100 per month thing, so annoying. what can that buy per month? SMH 1 Like
|
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by 12inchess: 9:25pm On Mar 06, 2021 |
netmillionaires: My brother na then me too I stopped trusting this govt ooo. CBN no know say people wey dey work for diaspora dey make dollars don't trust them. 5 Naira kill them there. It's that 100 dollar limit that opened our eyes. They don't really give a shit about us. Now they want us to be remitting them dollars. Make them go sell oil naa. Shebi Dangote will soon complete his forex subsidized refinery. Make dem collect the dollars from him. 1 Like |
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by jibbish(m): 10:09pm On Mar 06, 2021 |
nedekid:It has already been done by some on the second page |
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by pavoda: 10:46pm On Mar 06, 2021 |
This seems like a very poorly thought-out policy, Incentives for inflows should involve improving the ease of doing business and not putting restriction on businesses. |
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by pavoda: 10:51pm On Mar 06, 2021 |
![]() ![]() ![]() 1 Like |
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by thecommunist(m): 10:53pm On Mar 06, 2021 |
Very typical of a directionless country like Nigeria. CBN keeps churning out series upon series of Financial Engineering hoping to spin a rabbit out of the hat..it won't work if we don't do the basic thing and that is to to increase/ improve our balance of trade. All these thier nonsense policies worked in the past because our balance of trade was still ok due to crude export. Now that crude export is deep in the mud and we have nothing to replace it, all these abracadabra won't work! Government should strengthen agricultural export, as that seems to be our only hope for now. |
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by thecommunist(m): 11:03pm On Mar 06, 2021 |
Pesuzok:should I risk USD2500 because of NGN12500? That's what we call "bending over a dollar to pick a penny" |
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by thecommunist(m): 11:04pm On Mar 06, 2021 |
[ |
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by einsteine(m): 11:28pm On Mar 06, 2021 |
CooKeed: Who is talking about western Union? You think exploitation of these policies is for the moms and pops? |
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by einsteine(m): 11:29pm On Mar 06, 2021 |
thebosstrevor1: Wrong. You can do any amount. You just have to provide explanations for transfers ABOVE those thresholds. Explanations are of course easy to provide. |
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by Ffolksy: 11:56pm On Mar 06, 2021 |
StacyO: Hi, I'm assuming you're back home now? Hope you had a nice time out? By the way, how is the booking done? Won't mind sharing a table with you over a meal |
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by 9jaRealist: 4:51am On Mar 07, 2021 |
Nbotee: onoms4luv: It’s the EXACT OPPOSITE... For every dollar, you RECEIVE N5. The CBN is not “collecting” your dollars. They remain yours and you are free to withdraw it in dollars. This measure is just to encourage people to use OFFICIAL channels (banks, etc.) to remit money into Nigeria. > 1 Like |
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by samsard(m): 5:24am On Mar 07, 2021 |
einsteine:There are some regulations that'll make it really hard to pull off. |
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by donforeign: 6:35am On Mar 07, 2021 |
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by loswhite(m): 8:21am On Mar 07, 2021 |
CodeTemplar:The number of likes you got reflect the number uneducated ppl in ur circle...If by now you don't know that you recieve your remittance in US Dollars then you must be leaving in a forest |
Re: CBN Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances by loswhite(m): 8:22am On Mar 07, 2021 |
CodeTemplar:It is better to shut up when you don't understand a policy |
(1) (2) (3) (4) (5) (6) (7) (Reply)
UBA Office In Victoria Island Is On Fire! (photos/video) / 5 Things People Wrongly Believe That No Longer Work / BVN Deadline: 26m Bank Accounts To Be Frozen
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 48 |