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Nairaland Forum / Nairaland / General / Business / Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics (18742 Views)
Dollar Scarcity: Banks Suspend ATM Card Usage Abroad / Banks Stop Use Of ATM Cards Abroad #Emefieleconomics / CBN Halts Branch Operations By Bureaux De Change #Emefieleconomics (2) (3) (4)
Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by Adesiji77: 11:30am On Dec 17, 2015 |
Nigerian bank customers who are planning to use their payment cards for shopping via Point of Sale terminals in malls and make hard currency withdrawals via Automatic Teller Machines overseas are in for a shock! http://www.punchng.com/dollar-scarcity-banks-cut-customers-spending-abroad-by-80/ lalasticlala, dominique, Seun |
Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by kennyman2000(m): 11:54am On Dec 17, 2015 |
Hmmmmm.... |
Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by ojun50(m): 12:08pm On Dec 17, 2015 |
Pls they should find solution to this oh my company is think of? |
Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by Atmmachine(m): 1:50pm On Dec 17, 2015 |
I want $1 to be 400 naira. 9 Likes |
Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by Neduzze5(m): 1:50pm On Dec 17, 2015 |
Chai!!! This dullardinhario's body odour is getting too much It shall finally come to pass 27 Likes |
Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by Daslim180(m): 1:50pm On Dec 17, 2015 |
Hmmm.............. Oyah, I know some people will come here to blame PMB now. It's for the main time sha! 1 Like |
Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by missKiffy(f): 1:51pm On Dec 17, 2015 |
This is serious, limiting the amount that one can spend is something else 17 Likes 1 Share |
Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by sweatlana: 1:51pm On Dec 17, 2015 |
What nonsense is this? So I can't spend my hard earned money? 7 Likes |
Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by tempex88(m): 1:51pm On Dec 17, 2015 |
What is the CBN's aim with all this restriction, I guess its for more patronage of made in Nigeria. 1 Like |
Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by Seunaj05(m): 1:53pm On Dec 17, 2015 |
One of the things that the present administration seems to lack is a financial expatriate. It's appearing that the present administration is not managing the economy so well. Our economy does not necessarily have to crash because the price of oil is going down. 19 Likes 1 Share |
Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by Psalm18: 1:53pm On Dec 17, 2015 |
Small scale businesses are falling. On the economy, I'll rate Buhari an 'E'. The world has evolved from the military regime. Ultimately a government will be judged and returned by the electorate in a free and fair elections on how well the economy is faring. The war against corruption is good and noble but it can go side by side with sound financial decisions. Very soon, people will be worn out of hearing we are recovering monies from the last government if their economic needs are not met. A warning for the wise. 54 Likes 4 Shares |
Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by OZAOEKPE(f): 1:53pm On Dec 17, 2015 |
change?? 3 Likes |
Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by laprince(m): 1:54pm On Dec 17, 2015 |
Omon see gobe |
Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by Nobody: 1:54pm On Dec 17, 2015 |
Here we go again. Is this a country or.... ? 6 Likes
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Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by xender(m): 1:54pm On Dec 17, 2015 |
missKiffy: sweatlana: tempex88: Daslim180: Neduzze5: Atmmachine: Adesiji77:end time booking space modified;; naw dey haff all modified 1 Like |
Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by iykedare(m): 1:54pm On Dec 17, 2015 |
What a country? |
Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by zimoni(f): 1:56pm On Dec 17, 2015 |
We don enter am. I'm loving this shenge 3 Likes |
Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by repogirl(f): 1:57pm On Dec 17, 2015 |
Una dey enjoy una change yet? If GEJ was clueless, THEN Booohari is USELESS! 39 Likes 1 Share |
Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by yashedabai(m): 1:59pm On Dec 17, 2015 |
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Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by tempex88(m): 2:02pm On Dec 17, 2015 |
xender: heutyj |
Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by evy1(m): 2:02pm On Dec 17, 2015 |
Phew. |
Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by BuddhaPalm(m): 2:04pm On Dec 17, 2015 |
Seunaj05: 13 Likes 1 Share |
Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by YerYer: 2:06pm On Dec 17, 2015 |
Here we go again. |
Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by porchester(m): 2:07pm On Dec 17, 2015 |
This is serious limiting the amount you can spend out of your personal money. Money you have worked for from January to December. Oga oooo. It is well 1 Like |
Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by dmostcheerful(f): 2:07pm On Dec 17, 2015 |
Its not like I wasn't expecting this.
When an illiterate manages a country this cohort suffers.
This is CHANGE at its paramount.
Change with no flesh air is bullshit. 3 Likes |
Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by nastyesco(m): 2:08pm On Dec 17, 2015 |
Okuwa |
Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by teemy(m): 2:09pm On Dec 17, 2015 |
Folafikemi:You would be surprised that streetlight would be cracked |
Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by LordAdam: 2:13pm On Dec 17, 2015 |
I know many of us think this is awful news, and it is. But for a second, it is what Nigeria needs now. The official rate of the Naira is pegged at N197-N199. Unofficial rate has been falling steadily to about N270 now. Nigeria sustains the official rate with its dollars, and in simple terms the less money in dollars leaves the economy the softer the hardship we will feel. We can not eliminate the bad undertone of the economy, but we can manage it, and this is how it can be managed. By the way. It's majorly the upper middle class and the wealthy that travel abroad for vacs and spend. Those in the lower economic brackets that may want to make dollar-denominated spends should push their plans to 6 to 12 months time. It's austerity measures and everyone should be ready to make sacrifices. Those in the lower middle class and below should rest easy with this news. They should however rise up against plans to hike the electricity tariff by 40%, increase petrol price, introduce tolls on federal roads, reduce minimum wage and several anti-citizen policies. Now is the not the right time to introduce disruptive economic policies. -Lord 7 Likes 1 Share |
Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by akigbemaru: 2:21pm On Dec 17, 2015 |
A cap of limit to spend. |
Re: Dollar Scarcity: Banks Cut Customers’ Spending Abroad By 80% #Emefieleconomics by unmask: 2:30pm On Dec 17, 2015 |
See them blaming buhari already......you want to spend your hard earned naira? Go ahead and spend it..... Dont complain about hard earned dollars by the cbn? Were expecting a rosy ride.....16 years of rot isn't washed out in 6 months ........sit and enjoy the ride. 5 Likes |
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