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The Reality Of Scarcity Of Naira Notes: How Are You Coping? - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / The Reality Of Scarcity Of Naira Notes: How Are You Coping? (19612 Views)

Have You Tried Spending The Old Naira Notes, How Did It Go? / Communities, Markets In Sokoto Abandon Naira, Trade In CFA Over Scarcity Of New / Banks Blame CBN For Scarcity Of Naira Notes (2) (3) (4)

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Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by Angelfrost(m): 9:21pm On Feb 20, 2023
Personally started relying less on cash over a year ago...!

Sometimes in life, we need to learn to prepare for the worst.

If this Buhari's tenure has not taught anyone this simple reality since 2015, then y'all aren't ready for Naija!
Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by Treassured: 9:23pm On Feb 20, 2023
POS Oooo.

Now I buy everything at the MALL.

Can anyone please get through to UBA Bank. Their Banking Network Is Worst and doesn't go through during the day. I usually do all my Transactions at Midnight.

Once It daytime, That's the End.

What kind of Country Is this for goodness Sake.

3 Likes

Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by Karlifate: 9:24pm On Feb 20, 2023
Benblaq:


Unluckily for me last weekend I did a transfer to a guy who charged N150 per 1k. I was debited but MTN network was bad. I stood until my body and soul regretted being a Nigerian. Since we hardly find sincere people in our "corn tree", he refused to release the money and only gave me fare to my house, which according to him was a dash. We exchanged contacts and he called hours later that he has seen it. I got the money the next day.

In all, I believe with my whole heart that Nigeria shall be great again. Vote wisely this weekend, otherwise what we are facing now would be a child's play compared to what we will see, but God forbid bat thing.

That's Nigeria for you.

An average Nigerian is callous & constantly on the look for an opportunity to swindle his (naive) neighbor.
Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by Drsmartphilips: 9:25pm On Feb 20, 2023
Benblaq:
I haven't dropped anything during offertory collection for two Sundays now. The reason is fairly straightforward: no money at all. The church looks scanty and it's very obvious. If not that I am not to miss Sunday Masses I would have stayed back until things go back to normal. How I have come to shamelessly sit back during offertory is so amusingly crazy. Lol. Last Sunday dem call for tithe nobody come out. Everybody just dey carry gloomy face. Trek to church, trek come back. Women who sell basic commodities do not accept transfer, and even when you see a shop that accepts transfer you'll be praying for God to not let “Dem don debit me” “I never see alert ” to happen.

I was lucky on two occasions last week cos I saw some guys at the restaurant I eat who gave me money and I transferred to them. Unluckily for me last weekend I did a transfer to a guy who charged N150 per 1k. I was debited but MTN network was bad. I stood until my body and soul regretted being a Nigerian. Since we hardly find sincere people in our "corn tree", he refused to release the money and only gave me fare to my house, which according to him was a dash. We exchanged contacts and he called hours later that he has seen it. I got the money the next day.

In all, I believe with my whole heart that Nigeria shall be great again. Vote wisely this weekend, otherwise what we are facing now would be a child's play compared to what we will see, but God forbid bat thing.
we will not labour in vain, we will jagaban to success
Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by Angelfrost(m): 9:25pm On Feb 20, 2023
yomi007k:


My nigga... cool


Same here. If you no dey take transfer, no deal between us.

Simple... Life no suppose hard abeg!

Negroes should learn to adapt to changing realities of today's world.
Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by CodeTemplar: 9:25pm On Feb 20, 2023
Bank transfer removes the hassle of pos extortion but network is not easy. Overall it will help curb impulsive buying and conserve money. Change is constant they say so I can't shout.

1 Like 1 Share

Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by Treassured: 9:26pm On Feb 20, 2023
Benblaq:
Unluckily for me last weekend I did a transfer to a guy who charged N150 per 1k. I was debited but MTN network was bad. I stood until my body and soul regretted being a Nigerian. Since we hardly find sincere people in our "corn tree", he refused to release the money and only gave me fare to my house, which according to him was a dash. We exchanged contacts and he called hours later that he has seen it. I got the money the next day.

Lol that 1K go be like One Milion at that Moment🤣

4 Likes

Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by integrity16(m): 9:26pm On Feb 20, 2023
Why are you so bothered? Nigerians go dey alright. We always do.
Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by Drsmartphilips: 9:27pm On Feb 20, 2023
Nchenches:
We are coping down here.
It's a sacrifice to stop a man who stole Federal Inland Revenue Service (FIRS) and Ministry of Power, Housing and Works, dry through his boys, Fowler and Fashola. The cash stockpiled to buy election must become useless. Kwankwaso just said.
just like the Pandora thief that took his state's funds offshore

1 Like

Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by Karlifate: 9:28pm On Feb 20, 2023
Calibrator:
No matter how bad the economy is, Lion no fit chop grass.


Thanks to my piggybank, I have been stockpiling new notes since January... Temporarily a POS dealer with humane charges cheesy

You're feeling like a champion, for hoarding notes that are not enough in circulation. 😏
Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by Karlifate: 9:33pm On Feb 20, 2023
Biglogo:
Many hypocrite that are supporting this policy online does not even have the guts to tell us how they suffer it in their real life wink

Don't mind them. grin

It's all herd mentality.

Take a bike & tell him you want to transfer ₦100 to him, maybe he will not change it for you.

1 Like

Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by Karlifate: 9:37pm On Feb 20, 2023
PastorOku:
I bought food items 30k at home yesterday with transfer. I can't kee myself.

And you're not telling us the charges the food vendors collected from you.

1 Like

Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by Yampotatocarrot(m): 9:38pm On Feb 20, 2023
Treassured:
POS Oooo.

Now I buy everything at the MALL.

Can anyone please get through to UBA Bank. Their Banking Network Is Worst and doesn't go through the day. I usually do all my Transactions at Midnight.

Once It daytime, That's the End.

What kind of Country Is this for goodness Sake.
UBA... I don't want to call then useless

I spent about two hours at the market on Saturday, just to pay for Ogbono and Ugu wey I buy o... I jejeli told the woman, "don't grind the Ogbono or cut the vegetable until you've seen alert o"

5 Likes

Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by Vlyrics: 9:38pm On Feb 20, 2023
Thanks to Kuda I transfer for free and it is very fast in delivery. First Bank is trash

3 Likes

Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by Karlifate: 9:40pm On Feb 20, 2023
iLoveYouToo:
It’s been rough. I was able to get 10k cash last week but had to give it out, some people are really suffering and need help.

Some people just can’t survive without cash. Petty businesses are feeling it most.

Exactly!

Sometimes, a person might be in need of something as little as ₦500. So, the old woman down the street, selling her wares will now accept transfer, when she does not even have a bank account.

I laugh!

4 Likes

Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by Haymus007(m): 9:44pm On Feb 20, 2023
[quote author=iLoveYouToo post=121082791]It’s been rough. I was able to get 10k cash last week but had to give it out, some people are really suffering and need help.

Some people Please i'm in need of help too 0170686188 GTbank
Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by Karlifate: 9:44pm On Feb 20, 2023
fidelmarshal199:


Never been to the market since the beginning of the scarcity. I can't pay 10 percent charges using the pos and I can't be number 200 on the queue in the bank

It's because someone is feeding you OR you're completely dependent on other people.

So, the situation does not apply to you.

1 Like

Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by Silentgroper(m): 9:47pm On Feb 20, 2023
Thanks to opay, palmpay and fairmoney if nt i for dey join queue wey long or be paying charges of 400n to collect 1600..

God knws that shit called vulte is disgraceful...

If FG blocks those aforementioned Apps, this country will burn..
Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by Nobody: 9:49pm On Feb 20, 2023
The level of stress people are going through, Na Satan go punish emefiele the drunkard economist

5 Likes 2 Shares

Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by Treassured: 9:49pm On Feb 20, 2023
Sonnobax15:
lipsrsealed
Personally,if I should start to narrate how this naira notes policy has affected me,it may end up looking like a different thread on its own....

The truth is that,as a keke rider,the rate at which passengers now board keke has reduced drastically...... everyone is complaining bitterly...Hunger rate don increase too..Na only God go fit know how many stranded passengers I dey help on a daily basis, because I know the kind of agony we all are being subjected to by this policy.....But it's well cha..

Meanwhile,I say make I waka find ATM wey dey dispense cash today,I almost waka lost lipsrsealed

We are not going through any Agony Ooo.

The New Money and Old N200 Is everywhere and We are all enjoying this beautiful Policy as your Fellow Brothers have Said lol. Infact Bu.hari should use 8Years More🤣

This Policy too Sweet🤣

Meanwhile Your Legs are looking Very Beautiful. I guess Air-Conditioning and Harmattan made It look like that Hun🤣

5 Likes

Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by PastorOku: 9:51pm On Feb 20, 2023
Karlifate:


And you're not telling us the charges the food vendors collected from you.

He didn't collect anything. I went to the shop of my coursemate back then in the University, gave him the list my wife wrote (cos she was strong), he itemized them in price and i paid through transfer without adding a kobo.

2 Likes

Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by Treassured: 9:54pm On Feb 20, 2023
Yampotatocarrot:

UBA... I don't want to call then useless

I spent about two hours at the market on Saturday, just to pay for Ogbono and Ugu wey I buy o... I jejeli told the woman, "don't grind the Ogbono or cut the vegetable until you've seen alert o"

🤣🤣🤣
Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by letitrainnow(m): 9:58pm On Feb 20, 2023
Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by benzems(m): 10:00pm On Feb 20, 2023
Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by Natbrowny: 10:01pm On Feb 20, 2023
I'm not coping at all. But its time to pray for the policy makers and politicians.

All my curses since many Years no dey work. Goooosh.

God bless the politicians and d policy makers.
Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by grandstar(m): 10:03pm On Feb 20, 2023
Is it how we are coping or how we are not coping.

Going out is a challenge.

Basically, almost all payments are with mobile apps. Na hin sure pass.

An alternative is to pay crazy rates to get new notes or mixture of old and new. I am just fed up.

I would suggest any wise trader to accept old notes as they can still be deposited at the banks. You can restock your wares using transfers. Those going that route are enjoying fast moving markets.

1 Like

Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by OperationalVehi: 10:03pm On Feb 20, 2023
i dont have anything. have been praying for a good job and also some money to take care of some very important expenses.
please i need your prayer and financial favour
i am currertly at a desperate and trying time.
bank : carbon Bank app
account: 737709 1729

pls
Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by Triplerg: 10:08pm On Feb 20, 2023
Making purchases is now very difficult as some traders don't accept transfer. One thing I believe is this thing will soon be history
Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by Olodo24: 10:09pm On Feb 20, 2023
fidelmarshal199:


Never been to the market since the beginning of the scarcity. I can't pay 10 percent charges using the pos and I can't be number 200 on the queue in the bank
10% charge by POS? It must be so cheap in your area. It's 20-40% in my area here in PH.
Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by Smartguyboy(m): 10:10pm On Feb 20, 2023
Happy for my estate bought bottle water 250 with my card only I was surprised 😲

You can buy something of #100 with card since cbn stopped pos charges.
Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by Brushstrokes20: 10:12pm On Feb 20, 2023
Dammmmmmmmnnnn it undecided.. Its not been easy!
Only a senseless fool sets a whole farm on fire just to catch a rat...
The lifeless animal in human skin and emeFAILURE prefers to subject millions of innocent citizens to unwarranted hardship rather than tackle the their corrupt party man with state security directly...

Buhari is Nigeria's WORST BLUNDER undecided

1 Like

Re: The Reality Of Scarcity Of Naira Notes: How Are You Coping? by albanikeh001: 10:15pm On Feb 20, 2023
I transferred #150 naira to meruwa today to supply me water to bath this morning. I will keep saying it. Whoever votes in APC or pdp deserves castration and then should be sent to a town hall prison different from balablue

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