pls for those who understand English language well, wat does it mean. dat naira will not be using in china, us, Canada n co. again?

persius555:
If nigerians would cut down on their thirst for anything foreign and patronise locally made products, with this policy in place for a period of six months, our foreign reserve will shore up and investors will have confidence in our economy. And the value of naira against dollar will improve. These are the sacrifices we all need to make to save our nation from drowning in debt.

China imports 100 times than us in almost everything they do..Importing whole items and parts of Items are termed imports.

ugoezeik:
pls for those who understand English language well, wat does it mean. dat naira will not be using in china, us, Canada n co. again?

exactly U r now forced to buy raw dollars b4 u go abroad or forced to open a dom account and a card linked to it.

architez:


Please, how about new cars? I anxiously await your answer.

same thing bro.my take on this is that some cabal stand to gain from this especially those in the Black MKT.

persius555:
It favors dangote, elephant cement etc these companies employ more than 250,000 nigerians. Nothing stops u from starting ur own business too and start making millions and employ nigerians. UK is the financial hub of europe, its economy can support importation of any good from other countries, besides UK economy is not export monolithic like ours.

I get that but try in ur own time n read a bit bout the economic development of the UK. U will not that they support their industry by giving them insertives to encourage them.no banning imports unless on health grounds.in the issue of cement they should encourage the small producers by good monitor policies ie loans.tax breaks etc that way their product will be cheaper..If ABI cement is 800 u think I will buy China for 900?

It's like this CBN governor is clueless on monetary policy. This is not how you incite consumers to spend their money locally. Time for a change.

redcap:
Mods kindly move this thread to FP,travellers needs to stay informed to avoid being stranded abroad.
Cc.lalasticlala,ngwakwe

MAY GOD RESCURE NIGERIANS FROM THIS CBN GUY

I guess this move is to checkmate fraud and to appreciate the Naira value on the long run. Wonderful initiative indeed !!!

vimi:

Umm, alternatively outbound money transfers(western union, money gram etc) could be used to improvise the card iif eventually blocked.

Domiciliary account This iis an account that allows you save iin US Dollars, Pounds Sterling or Euro; with your money valued at the prevailing exchange rate. iit facilitates your international business transactions
, iit can be opened from home n diaspora(diaspora banking)

What currency iis used iin ur host country?? We could talk private on this to protect ur financial status

Yes pls. xyz@yahoo.com

erico2k2:

exactly U r now forced to buy raw dollars b4 u go abroad or forced to open a dom account and a card linked to it.

wow dats wondaful, shebi baba buhari tok say him go mk d tin 1to1 so wetin b d prob again. dat one no b big deal na abi d dola stil de high?

Pls i dnt understand, dose it mean i can't withdraw with my ATM in Ghana, i will be going bck to school on Saturday oh, and a friend of mine is complaining already, what den should we do? Pls help oh, i need explanations oh.
Pls help explain more, when to complain to ecobank here in lag dey didnt even mention these.
vimi
redcap

MrCEO69:
Pls i dnt understand, dose it mean i can't withdraw with my ATM in Ghana, i will be going bck to school on Saturday oh, and a friend of mine is complaining already, what den should we do? Pls help oh, i need explanations oh.
Pls help explain more, when to complain to ecobank here in lag dey didnt even mention these.
vimi
redcap

This policy doesn't in any way affect cards linked to personal accounts (savings/current),it only affects those cards linked to corporate(registered companies) accounts.though someone on this thread has actually mentioned earlier that he was unable to use the same UBA MasterCard,but I think that case isn't related to this policy.
My advice; for the benefit of hindsight I'd suggest you stop over at Cotonou or lome,make your withdrawal in CFA then exchange it to at the border to GHcedis then proceed on your trip.
NB: The attached pics below is a circular from cbn.

redcap:



This policy doesn't in any way affect cards linked to personal accounts (savings/current),it only affects those cards linked to corporate(registered companies) accounts.though someone on this thread has actually mentioned earlier that he was unable to use the same UBA MasterCard,but I think that case isn't related to this policy.
My advice; for the benefit of hindsight I'd suggest you stop over at Cotonou or lome,make your withdrawal in CFA then exchange it to at the border to GHcedis then proceed on your trip.
NB: The attached pics below is a circular from cbn.

thanks so much bro, dnt knw why banks costumer care are always angry nd frustrating.

Now CBN don confuse, fproper,-pfroper!

persius555:
You dont have to get perturbed. I believe the policy will not be all the way rigid, we just need to cut down on our foreign spendings. As time goes on, the system will improve, SMEs that need to procure essential goods will be able to access Fx funds. For now, lets spend our foreign reserve on only good that have no local alternatives.

my bros,,,,,what is the meaning of perturbed?? i beg you....

owagbeba:


Interesting. Check your mail.

I replied your email. Don't know what happened. I think I'll simply drop u my digits so we can talk.

BTW, you may care to comment on a thread I just posted in crime section called:
"Age of consent: Is this what we want?"

Whenever u post a thread also tell me.

lexy2014:
Boko de do their own. Emefiele de do him own with bvn and forex. Buhari no even de do anyone

All of them dey run at parallel lines

Oma16:
I have been trying to pay an application fee from Nigeria to a canadian school but not successful, saying ' the credit card transaction rejected'
pls is it this same ban by CBN dat is frustrating the payment? if it is, pls how can I pay the application fee? Anybody with helpful information please. Thanx.

what kinda card? visa, verve or mastercard

Nigerians are so mypoic its unbelievable. This policy will dmaage the naira, and worse, the entire Nigerian economy in the long run.

Not in the long run, but in a matter of months. There's a storm coming! You and your friends better batten down the hatches, because when it hits it is going to be Hell. Nigeria's foreign exchange reserves stood at $29.10 billion by Dec. 30, how long do u think it will take for that to disappear ?

Please what current information/status on the CBN card restriction policy. Has anyone tried making payment online unsucessfully?