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Nairaland Forum / Nairaland / General / Business / UBA Sets International Spending Limit To $20 Per Month (31569 Views)
Banks Raise ATM Cash Withdrawal Limit To ₦200,000 / CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly / CBN Drops ATM Withdrawal Limit To N20k/Day (2) (3) (4)
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Re: UBA Sets International Spending Limit To $20 Per Month by Pierocash(m): 9:20am On Feb 26, 2022 |
warrenweste:it has been reduced to $1k. It was $2k initially. Yes they have $1k limit sir |
Re: UBA Sets International Spending Limit To $20 Per Month by ChybuzzDD(m): 10:56am On Feb 26, 2022 |
Dialpad: Idiot, now that you have been schooled, go back and correct the falsehood you posted previously. |
Re: UBA Sets International Spending Limit To $20 Per Month by EmmanuelScott1(m): 10:57am On Feb 26, 2022 |
iLegendd: okay sir, abeg if u get another update, try share to me, I dey begoo |
Re: UBA Sets International Spending Limit To $20 Per Month by Dialpad: 10:59am On Feb 26, 2022 |
Do you wake up in the morning calling your mom an imbe-cile while playing with her pu-ssy Stupid little boy who thinks because of the anonymity of the internet he can insult his parents ChybuzzDD: |
Re: UBA Sets International Spending Limit To $20 Per Month by ChybuzzDD(m): 11:04am On Feb 26, 2022 |
Dialpad: You're a fool to think that a man approaching 40 is a boy. Bloody Yahoo boy! You will soon be caught and exterminated. |
Re: UBA Sets International Spending Limit To $20 Per Month by Dialpad: 11:15am On Feb 26, 2022 |
Have you not heard of complete idiots that are over 40. You have successfully exhibited another aspect of your stup-idity . Me .... Yahoo.... lol ... continue sucking your thumb while playing with your belly button ChybuzzDD: |
Re: UBA Sets International Spending Limit To $20 Per Month by aujile(m): 12:03pm On Feb 26, 2022 |
You are wrong bro. Punishing the rest of legit online business nigerians is never the way to cub fraudulent transactions. This is just nigerian government bent on crippling businesses. You have a clueless cbn governor who is a puppet to a clueless oga at the top Ammishaddai: |
Re: UBA Sets International Spending Limit To $20 Per Month by AJohnnasa(m): 4:00pm On Feb 26, 2022 |
ngwababe: What's their reason for such drop in spending limit? |
Re: UBA Sets International Spending Limit To $20 Per Month by dochenaj: 5:18pm On Feb 26, 2022 |
Ammishaddai:Limitations are implemented because the dollar is scarce and demand for it far outweighs the supply. Fraudulent activities like Yahoo crimes rather get a supply of dollars. So if there is anything the Yahoo frauds improve the value of Naira. Does that justify Yahoo fraud? "Hell! No". Yes, you might be correct about the Paypal issue. As to operate in Nigeria, Paypal might be inundated with multiple fraud reports and claims for fund reversals and that might be too much for them to handle. But don't confuse this with banks limiting foreign currency use on your Naira domiciled card. 1 Like |
Re: UBA Sets International Spending Limit To $20 Per Month by dochenaj: 5:24pm On Feb 26, 2022 |
Born2conquer:CBN and Emefiele is the most useless governor there could ever be. CBN sells to BDC's, and BDC's hoards the dollars inflate the demand supply ration and what do we get, a daily devaluation of the Naira. I fear that before the year ends $1 might cost for as much as 1000 Naira in the black market. |
Re: UBA Sets International Spending Limit To $20 Per Month by EmoleOgala(m): 5:28pm On Feb 26, 2022 |
Doesn't make sense. Ammishaddai: |
Re: UBA Sets International Spending Limit To $20 Per Month by peacealways: 11:07pm On Feb 26, 2022 |
Ok |
Re: UBA Sets International Spending Limit To $20 Per Month by warrenweste(m): 3:04am On Feb 27, 2022 |
Pierocash: What's the name of the card pls and requirements to get it |
Re: UBA Sets International Spending Limit To $20 Per Month by Pierocash(m): 7:20am On Feb 27, 2022 |
warrenweste:the yearly subscription fee is 70k |
Re: UBA Sets International Spending Limit To $20 Per Month by Nobody: 7:46am On Feb 27, 2022 |
Pierocash:OK but what rate are they charging per dollar |
Re: UBA Sets International Spending Limit To $20 Per Month by warrenweste(m): 11:26am On Feb 27, 2022 |
Pierocash: Oops that's on the high side do you know the current Naira to dollar rate on the card? |
Re: UBA Sets International Spending Limit To $20 Per Month by Pierocash(m): 11:53am On Feb 27, 2022 |
jackslow:it was 470 before. It is now #490 to a Dollar |
Re: UBA Sets International Spending Limit To $20 Per Month by Pierocash(m): 11:53am On Feb 27, 2022 |
warrenweste:it was 470 before. It is now #490 to a Dollar 1 Like |
Re: UBA Sets International Spending Limit To $20 Per Month by warrenweste(m): 2:28pm On Feb 27, 2022 |
Pierocash: Still good, thanks for the info |
Re: UBA Sets International Spending Limit To $20 Per Month by VanuatuWycombe: 8:34pm On Feb 27, 2022 |
This monetary measure is being used, BROADLY, for three things: 1. To curtail money laundering ( I can elaborate more later). 2. Illegal trading in foreign currencies and making huge profit, with little effort. Every Nigerian is a potential millionaire if you know how to use your VC and MC. Lot’s of people we wonder where they make their money do this but they won’t tell you. Ask me and I may be able explain (in private). 3. To reduce pressure on Naira and prevent it from further devaluation, since Nigeria imports more than 80% of its needs and the country is not earning much dollar to pump into circulation. The little the CBN pumps into circulation is being circumvented by bankers and Abokis (through under arm dealings). Most Nigerians are deceitful. We are not sincere and loyal to our country and I wonder whether this can stop. |
Re: UBA Sets International Spending Limit To $20 Per Month by Dialpad: 9:28pm On Feb 27, 2022 |
Can you explain what you mean in point 2. VanuatuWycombe: |
Re: UBA Sets International Spending Limit To $20 Per Month by jolyment: 12:21am On Mar 03, 2022 |
iykepromotions: Can I fund domiciliary account with naira? |
Re: UBA Sets International Spending Limit To $20 Per Month by alakara(m): 10:39am On Mar 05, 2022 |
VanuatuWycombe: Can you explain nos 2 further. |
Re: UBA Sets International Spending Limit To $20 Per Month by Slippy: 11:12am On Mar 07, 2022 |
Pierocash: Pls which bank cards work with paypal? |
Re: UBA Sets International Spending Limit To $20 Per Month by Pierocash(m): 12:49pm On Mar 07, 2022 |
Slippy:I can't post that here |
Re: UBA Sets International Spending Limit To $20 Per Month by Slippy: 4:22pm On Mar 07, 2022 |
Pierocash: I just need card that works to pay for my subs. Ok can I dm you pls |
Re: UBA Sets International Spending Limit To $20 Per Month by Pierocash(m): 4:36pm On Mar 07, 2022 |
Slippy:send me mail 1 Like |
Re: UBA Sets International Spending Limit To $20 Per Month by Slippy: 7:44pm On Mar 07, 2022 |
Re: UBA Sets International Spending Limit To $20 Per Month by Pierocash(m): 8:04pm On Mar 07, 2022 |
Slippy:I've replied ur mail |
Re: UBA Sets International Spending Limit To $20 Per Month by DropsMic(m): 11:21pm On Mar 22, 2022 |
Ammishaddai: Lol... See economic illiteracy. |
Re: UBA Sets International Spending Limit To $20 Per Month by main24(m): 1:13pm On May 11, 2022 |
Pierocash:I just sent you a mail sir. Would appreciate your reply. Thanks |
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