iretiland:
There is an urgent need to get this Dullard Emefiele out before he crashes the whole economy. It is only the dullard of the dullard that will hold the kind of office this man currently hold and think he can wage a successful war against the world's foremost currency, the USD. Emefiele lacks any economic brain.

Sincere4u:


Not every body that has dollars looted from any source. Most of us earned it with our years of sweat and labour.

owobokiri:


NgeneUkwunkita the village economist. What do you want to do with a "strong naira"?? This is not another political kiriji war. It is basic economics. I thought the APC wants to stimulate an export economy. . How can a powerful naira drive export? Lecture, sorry, humour us. .

atlwireles:
Thousands of Nigerians living outside the country send products to their business partners and family members to sell on their behalf, thereafter return their monies back to them. This policy is going do damaged to these group of people. Many small import businesses have already been excluded from the forex market, even though their products are not prohibited, how will they make payments for products around the world?

This is another knee jerk reaction from the CBN, which will do the Naira and the economy no good.

RichDad1:
Barcanista rejoice not.
I can see where Baba is going here. All those useless looters that hoard Dollars during the past administration in the hope of impending economic doom can now eat their valueless paper.

RichDad1:
Barcanista rejoice not.
I can see where Baba is going here. All those useless looters that hoard Dollars during the past administration in the hope of impending economic doom can now eat their valueless paper.

Image123:


Form A and M are viable options. Also, some business can be done with naira accounts. Hopefully, other countries would be forced to change policies and accept payments from naira accounts and cards if they want business to flow well like before. i think I'm loving Buharinomics.

Boss13:


They have just told you what to do - use your master card. I actually used my master card today to make payment for foreign services

No bank will sell foreign currency to you. This has stopped for a long while and now you cannot even deposit your foreign currency into any bank account whether domicillary or naira account

Boss13:


Well with the president position and fight against corruption and illicit proceeds, our transparency international rating will improve and likewise, our anti-money laundering rating for FAT F. This will enable countries to consider doing business with us because the stringent rules will be relaxed and transactions emanating from Nigeria will be considered legitimate transactions.

Now you see why the fight against corruption is very important. It is like what the Christians call being Born Again and when old things are foregone and all things being new

Boss13:


Sir, if that dollars is in your bank account, I would advise you exchange it to naira. If it is kept in your house, hit the black market tomorrow and exchange it to naira in order to get good value for it. The directive just ended the speculation game

atlwireles:


You hit the nail on the head, this pretty much puts them out of business.

Joe50:
last week i ordered for goods at aliexpress and i hope this policy won't affect the goods because it has not arrive yet. i used free shipping.

this is my first time to order from aliexpress with a test of $50.40

please how long will it get to Benin city. thanks.

Asuokaa:


See en...most of your points bring out tribal issues not that ur trying to bring up tribal issues but most times it flare up ...see for example u make a comment on buhari, some group of ibo guys see it has an opportunity to become tribalistic which is wrong.. Buhari is a good man but in the wrong party direct it to the party more often not the man in charge u can't deny he is not trying
...
The likes of nmandi kalu I can bet come on nairaland to read comments or how can someone living in uk no more than we dat r living down in nigeria even femi adesina will always be on Nairaland.. Hope u get..so be more constructive bro... Nigeria is a country dat musnt fall I lost friends in this country dey payed with their life for it not minding their region at all... Soldiers r paying a price the politicians from the whole nigerians bought for us... Eg a captain and a lieutenant lost der lives this 2015 b4 buhari entered der first born were just 3months and 2weeks respectively.. We in the military r d one feeling the heat ...breakup is not something we want to see... And mind u am sure u knw BH was a political thing not religion that dey r bringing up nw
While many see him travelling a lot there r somethings he is doing dat most nigerians don't kwn..eg he travelled round troubled countries guess wat he discussed in summary "u guys just block BH from running while we destroy them".. But see we both knw dat this countries want glory not the end of BH, now it is biting dem hard


Like I said target the party not the individual

dvee2:
how about people that receive share dividend in Dollars into my Domiciliary account?

Boss13:


I have concerns too. I think the CBN needs to educate the public. In a view of curbing money laundering, this directive is a welcome development, but my concern is for legitimate businesses. This also means if you travel and bring back dollars, no need keeping them or spending it here because it is useless

agarawu23:
when Gej appointed this man, he was dancing to his tone but as my oga @ the top don take over, CHANGE don cum. if na skelewu you dey dance follow gej before, it's high time you start dancing to fela old school music.

these are the fastest ways we can use to survive the fall of naira. Though it will affect some ppl but we have know choice cos we need to save our economy.

Stealing is now Corruption........

NgeneUkwenu:
President Buhari, do all you can to protect our naira, even if it takes suspending the current Clueless CBN Governor who only makes knee jerk decisions on major macro economic policies!


May God Bless Buhari For Us!!!

NgeneUkwenu:
Central Bank of Nigeria (CBN) has banned the payment of cash into domiciliary accounts in the country..... “For foreign currency cash lodgments made prior to the date of this circular, the account holder has the option to either withdraw his or her foreign currency cash or the Naira equivalent"

For the avoidance of doubt, only wire transfers to and from Domiciliary Accounts are henceforth permissible.

By this circular, those who deposited foreign currencies into their accounts before the directive will now have to withdraw the cash as they are not going to be allowed to transfer the funds.

atlwireles:


You hit the nail on the head, this pretty much puts them out of business.

Image123:


Form A and M are viable options. Also, some business can be done with naira accounts. Hopefully, other countries would be forced to change policies and accept payments from naira accounts and cards if they want business to flow well like before. i think I'm loving Buharinomics.

OREMUSSANCTUS:
stale news, barcanista don deal wif dis topic before.

popcykaylah:

sorry if I may ask how does this concern Gboys?don't see where fg ban western union in the post and don't see where them dey search maye for airport for cash and seems you don't know there's a way boys dey get thier cash here in naija..bros you are soooo 2000 and late

ERODEDEAST:
. @Activa, funny enough I discovered the sexuality section is where you take your refuge circus clown, besides you are talking about conduct and ignorance spreading. Who is being foolish now the moment one has a different opinion from you Masturbators the next thing is to rush and call such fellow names. Why won't boo.hari be called names its glaring he is a "Blocked Head" ... Still waiting for 1$ = #1.

owobokiri:


NgeneUkwunkita the village economist. What do you want to do with a "strong naira"?? This is not another political kiriji war. It is basic economics. I thought the APC wants to stimulate an export economy. . How can a powerful naira drive export? Lecture, sorry, humour us. .

gawu1:


We say our country is not on the right tracks political and economic wise. Yet, every profound move for solution he would either fault or dismiss it outrightly, only because he wants his postulation and supposition that someone shouldn't have being in power to come to past? So, why won't he concentrate attack on individual? I guess he will hardly take to your advice. He's pained seriously.

all4naija:
Neighboring countries are going to profit from this silly policy by the dullard. The rich Nigerians and expatriates are going to be taking dollars through the borders and deposit them in domiciliary accounts in those countries thereby contributing to their economies and might leads to appreciation of their currencies. It is based on the law of demand and supply in many cases. Money laundering just took a new turn in Nigeria.

all4naija:
Neighboring countries are going to profit from this silly policy by the dullard. The rich Nigerians and expatriates are going to be taking dollars through the borders and deposit them in domiciliary accounts in those countries thereby contributing to their economies and might leads to appreciation of their currencies. It is based on the law of demand and supply in many cases. Money laundering just took a new turn in Nigeria.

all4naija:
Neighboring countries are going to profit from this silly policy by the dullard. The rich Nigerians and expatriates are going to be taking dollars through the borders and deposit them in domiciliary accounts in those countries thereby contributing to their economies and might leads to appreciation of their currencies. It is based on the law of demand and supply in many cases. Money laundering just took a new turn in Nigeria.