The recent trend where banks peg the maximum amount one can withdraw from an ATM at N10,000 is really annoying.

When ATM came into Nigeria, the machines are designed to dispense 40 notes. If it is stuffed with 1,000 note, you can do a 40,000 withdrawal at one dispense. Which I think the manufacturers must have upgraded it to a higher one-off dispense capacity but i Nigeria, banks will buy these upgraded versions yet peg it at less than 50% its capacity.

Gradually at around 2014, the max we are able to withdraw came to N20,000 and have further been pegged at N10,000. Give them time, it will move to N1,000 just because they need to gain from the deductions associated with usage for a country promoting cashless policies.

These are policy advice from regular Nigerians complaining same about the politicians just because they need to be promoted at work or be seen as intelligent. The superior boss will key into such baseless idea without looking at the long-term effects.

In western world, the price you will get a commodity from online purchase is $100+ less than when you walk into same shop that own the online portal.

We are seen as docile or with no options that is why these stuffs sails.

Nigeria as a country just don't want it's citizen to succeed,

It is finished

On point

Very apt observation.

Emefiele's CBN has been the biggest scam on Nigerians!!

The CBN is one of the highest perpetuators of economic and financial crimes in this country shithole

10,000 is currently less than 18 dollars and this is the maximum a Nigerian ATM usually dispenses albeit unnecessary charges including ATM maintenance and co.

In several countries I've visited, only in Nigera have I found ATM not dispensing due to unavailability of cash or network issues, bank apps not working properly and pos dispense errors being the order of the day.

This country is worse than cursed.

There is no need of repeating the machine after writing ATM. Talking about the pegging, it's left for them.

you have no chance....you go lament tire against banks....

Corporate Criminal!

federal9:
There is no need of repeating the machine after writing ATM. Talking about the pegging, it's left for them.

Well noted.

Thanks

Cbn and oga for aso rock na scam

Send a mail to the apex bank concerning some of these mischievous policies by commercial banks, you get absolute quietude as response.

lashout1:


In western world, the price you will get a commodity from online purchase is $100+ less than when you walk into same shop that own the online portal.

We are seen as docile or with no options that is why these stuffs sails.

jumia sellers are worse.

And the shipping fees be like say you dey transport the item to Ghana.

Exploitation is too much in this country. Everyone is doing it, at least once they get the opportunity.

Yesterday I loaded my line with 4k and wanted to exchange 2k back to cash, they were charging me N800. Can you imagine that?

I kuku just use my money buy more data. No be steal I steal the money