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Nairaland Forum / Nairaland / General / Business / CBN Bans Use Of Dollars For Overseas Fees, Medical Trips (29247 Views)
Finally Gtbank Bans Use Of Their GT Mastercard On Paypal, Facebook, etc / CBN Bans 9 Depositor Banks / Naira Slumps, Dying As CBN Bans Dollars For Foreign School Fees And Medicals (2) (3) (4)
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Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by techmart(m): 5:33pm On Feb 12, 2016 |
really |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by Nobody: 5:33pm On Feb 12, 2016 |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by nigerfine: 5:33pm On Feb 12, 2016 |
How much would devaluation bring naira to? I know by history we never recovered any significant amount against dollars. Do not devalue naira again. I earn dollars but I love Nigeria to get better for all. |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by kenedy175(m): 5:37pm On Feb 12, 2016 |
Please who knows what diamond bank and gtb charge per dollar? |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by ichommy(m): 5:37pm On Feb 12, 2016 |
Den wan spoil Form A. See wahala eh This country is something else. 1 Like |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by piagetskinner(m): 5:39pm On Feb 12, 2016 |
So what happens to those schooling already... How do they get their fees and money for up - keep |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by naijaking1: 5:40pm On Feb 12, 2016 |
This problem of falling naira is because the person at the helm of our government lacks basic and rudimentary knowledge of economics. That's what happens when a leader couldn't even boast of WAEC! 1 Like |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by 989900: 5:40pm On Feb 12, 2016 |
All these policies and bans; what have been their gains for the Naira so far? What have you done about the banks and racketeering? https://www.nairaland.com/2914056/naira-10-questions-gov-emefiele |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by justi4jesu(f): 5:40pm On Feb 12, 2016 |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by dustydee: 5:40pm On Feb 12, 2016 |
This sounds like false news |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by ichommy(m): 5:41pm On Feb 12, 2016 |
alaoeri: I tell you Brother, I dey vex now! |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by VickyRotex(f): 5:43pm On Feb 12, 2016 |
IYANGBALI: You well so? |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by mployer(m): 5:44pm On Feb 12, 2016 |
Keneking: Dey there nah, dey wait for press release. 2 Likes |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by VickyRotex(f): 5:44pm On Feb 12, 2016 |
justi4jesu: Empathize with Naija |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by david22uu(m): 5:46pm On Feb 12, 2016 |
choi, got dollar 340 this evening 2 Likes |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by erico2k2(m): 5:46pm On Feb 12, 2016 |
VickyRotex:Realy |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by justi4jesu(f): 5:46pm On Feb 12, 2016 |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by mployer(m): 5:47pm On Feb 12, 2016 |
nigerfine: Devaluation is the only way out bro. Experts like Sanusi and Soludo have said long ago. |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by VickyRotex(f): 5:48pm On Feb 12, 2016 |
justi4jesu: |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by VickyRotex(f): 5:48pm On Feb 12, 2016 |
erico2k2: Yes |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by eluquenson(m): 5:50pm On Feb 12, 2016 |
The rate this economy will go down eh! |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by ngmgeek(m): 5:52pm On Feb 12, 2016 |
I don't know whether to laugh or cry or do both. If I laugh and cry at the same time ... na wao! People will think that I'm there already Meanwhile, my country men and women Enjoy the picture below
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Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by Atlantian: 5:54pm On Feb 12, 2016 |
Please ask Buhari, when you push us to buy dollars at the black market to pay fees abroad and give our folks for upkeep, you are increasing the demand of dollars in the black market. Will that not further increase the demand of dollars and still push the value of the dollars up against the naira ? so I have to exchange 450 naira per pound to send to my folks in London. I dont really know what I am doing in this country. What is Buhari thinking ? The value of Naira is tied to oil and electricity supply. He cant control the oil but he can control electricity. With electricity, manufacturing sector will be revived and reliance on foreign goods will reduce and importers will have no need to buy dollars. Illiteracy is a bad thing and I hate all those who voted for this slowpoke. I can confidently state that a dollar will exchange for 1000 naira before 2019. 3 Likes |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by sonnie10: 5:56pm On Feb 12, 2016 |
So will Buhari pay his medical bills in London, abi himself want patronize black market? Except they are treating him for free. |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by mecigr8s: 5:57pm On Feb 12, 2016 |
alaoeri:That is just the plain truth,my brother. If this policy is not reversed, I might as well give up on my dream of studying M.Sc comes winter 2016 in one of the best universities in Europe.This ,indeed, is very sad.I feel like crying right now. Every monetary policy of this present administration appears to be a burden to a common man. I do hope that Nigerians will rise up against this not well-thought out policy. |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by bigass(f): 6:02pm On Feb 12, 2016 |
Atlantian: You are the illiterate. Govt removed FX demand for medical and school fees because we earn very little forex. The other option is to outrightly devalue the Naira to 280 2 Likes 1 Share |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by Purej: 6:02pm On Feb 12, 2016 |
Hmmmmmm. A Dollar is already selling for N335 in the parallel mkt as at 5pm today due to huge demand from Importers who can no longer wait for the Gov't to supply them dollar, Imagine what would happen to the rate now, woth this ban. This Govt is clueless on how to fix the Economy. All their policies has failed. 4 Likes |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by texazzpete(m): 6:08pm On Feb 12, 2016 |
Shebi we warned when GEJ was installing Emefiele as the CBN Governor that the man was chosen for his loyalty and meekness and not his ability ? Since the man came on board, all he has been doing was to sign away tens of billions of naira to Dasuki et al with no investigation, and now to manage our currency with terrible ineptitude. I urge Buhari to find a way to rein this man in. |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by Nobody: 6:12pm On Feb 12, 2016 |
Good move! One reason why our hospitals and schools are so bad is because those who have the influence to change things send their kids abroad or go abroad for treatments. If they are forced to use local schools and hospitals they will use their clout and put more pressure to get our local institutions fixed. Just look at a school like Kings college, for all the highly placed people that has passed through it's walls, it's in that state because I bet you there is no KC alumni today that sends his son to KC. Everywhere else old students are a valuable source of pressure on government and keeping a school in good shape. All the billionaires, senators, chief justices that went to KC should be ashamed. They are the ones looking for forex to send their kids to secondary schools abroad. In a sane environment if you pass through an ivy league college you'd want your son to continue the tradition. If you want to benefit other economies (by exporting our money to their hospitals and their schools) fine but source for your own forex, the govt wont subsidize you to do so. 3 Likes 1 Share |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by mekaboy(m): 6:16pm On Feb 12, 2016 |
Abeg how true is this news |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by Nobody: 6:16pm On Feb 12, 2016 |
naijaking1: What is your suggestion to the problem? 1 Like 1 Share |
Re: CBN Bans Use Of Dollars For Overseas Fees, Medical Trips by Bern1992(m): 6:21pm On Feb 12, 2016 |
moneybag100: How can a common man travel out for medical check up or for studies Just asking 1 Like |
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