Theknowledge:
Tinubu shouldn't be allowed near our Treasury.

You see the way the old man take hand bribe to that aboki for that viral video- fear Tinubu with our money

Don't you understand?
Giving money to a disabled old man is now a bribe!
We must not politicise every action of politicians.

tolue42:


Don't you understand a simple sentence ?

do you understand these questions?

Are you clearly telling us that APC is only known for anti people policies? simple yes or no

What exactly should Tinubu tell nigerians about voting for APC?

In your last sentence, is your grammar correct? simple yes or no

What has that got to do with the questions I asked?

My own is that the CBN governor must answer questions as per how the quality of the new Naira notes are so abysmally poor in quality compare to the older notes.

Emefailure is a disappointment already not surprised, waiting for him to say the currency redesign was a farce. After all who takes Delta people serious?

MrBroke:
Nigerians are confused, you guys who were complaining about this policy saying it's for their own selfish interest now that the limit has been increased same you guys are still complaining still saying the same thing. Nigerians no doubt has bullshit leaders but the citizens are just some confused wacky ass people who don't know right from wrong

most Nigerian are full of hate and fustrated. They often seen criticising government and any other public office holder as been smart. They lack the logic and patient to evaluate things around them. They mostly want sudden result, that's why they love miracles and magic alot

Next is INEC and there BVA. That too shall be abandoned at the last minute.....

descarado:

The state of the naira has nothing to do with the cbn governor. Indices that makes currency strong isn't there. 100% the president's fault.

He was actually doing a fine job when Jonathan was there.

Yes, you're correct there. Buhari carries the blame. However, Emefiele should have had the backbone to curtail the presidents interference, tactfully and firmly.

There is need for total reversal as the policy is bad for Nigeria and will hurt the economy. If you want to know more see why CBN Cashless Policy Is Bad For Nigeria here -
https://www.nairaland.com/7474034/why-cbn-cashless-policy-bad

The political class will always win.

Elemosho478:
‘N500k for individuals’ — CBN increases weekly cash withdrawal limit after public outburst



https://www.thecable.ng/breaking-cbn-increases-weekly-cash-withdrawal-limit-for-individuals-to-n500k/amp

At least, this is better. We are happy they heard our protests.

Itisallright:
They should have place it at 200k per week for individual and improve the network for online transactions, cashless can't work with this. Seems that they're confused...

You can say that again! Once bank networks improve especially at certain times of the month, people will start using online transactions more without being forced!

staga:


Today my ATM card was declined at several PoS terminals and nearly seized by an ATM. Card wey money full inside. Something I never experienced in any other country. In Senegal, I used to withdraw 100,000 CFAs (which was N80,000 at the time) at once. Not this useless N10,000 for another bank's ATM.

Is it on such a platform that cashless will be implemented?

Abi

Useless confused people
Going back to the problem again
U think say 500k no go suffice for ransom money ni?

Normally the policy is a good one but out banking system is very poor banks will reck, Unemployment will rise because most unemployed youth are now into POS business

melexchi:
Normally the policy is a good one but out banking system is very poor banks will reck, Unemployment will rise because most unemployed youth are now into POS business

pos businesses will boom

grandstar:


He was actually doing a fine job when Jonathan was there.

Yes, you're correct there. Buhari carries the blame. However, Emefiele should have had the backbone to curtail the presidents interference, tactfully and firmly.

No, he don't have that power. He will be dismissed the next day. The judiciary is caged not to talk of cbn under the Presidency.

Itisallright:
They should have place it at 200k per week for individual and improve the network for online transactions, cashless can't work with this. Seems that they're confused...

daily withdrawal is how much?

FireUpNow:

You are right and I also think that the CBN people failed to engage a wider consultation before making very hasty decision and also Nigeria is overly corrupt. As such the CBN cannot clean up the mess just like this

in short, this country belongs to the politicians and not the citizens

tk4radi:
So,, the daily limit is still N20K for individuals? or is it now N100k.??

They didn't say anything about the daily limit

I think is 65000+

habsydiamond:
in short, this country belongs to the politicians and not the citizens

Exactly and until the citizens realize the power they have by choosing the right people and voting wisely

FireUpNow:

Exactly and until the citizens realize the power they have by choosing the right people and voting wisely

the effect of poverty on most of the masses will not let them see anything bad in this selling of votes. At the end of the day na suffering and lamenting dey end am

Can you explain how because I am already discouraged. I already had plans to start POS business in January but with this development, I am a bit confused.
Kindly throw more light please.

lsoul:
pos businesses will boom

Bintexx:
Can you explain how because I am already discouraged. I already had plans to start POS business in January but with this development, I am a bit confused.
Kindly throw more light please.

the demand for pos withdrawal will be increased, as ATM will be dispensing only 200naira bill with 20k limit. Pos owners can easily withdraw over the counter 500k then sell for those who can't stand the queue on ATM galleries

CheapHomes1:


Based on your last paragraph, its very possible that emefiele is being vindictive because of the way he was outwitted at the APC primaries

You are actually correct.

The policy is vindictive. I am he had calculated that he would win the presidential candidacy and the elections as well and become the president. That is the belief of every contestant, despite how delusional it seemed. He probably envisaged the first man from Delta state to win that coveted post.

Alas, it was not to be. With just the mention of his candidacy, there was a deafening uproar about the illegality of him contesting for office. It was also obvious that even if he resigned his post as the CBN head, he would get nowhere in the primaries.

He must have been pissed off, especially having spent so much buying brand new cars for his campaign. The next step was to introduce the poorly thought out Naira redesign and extremely restrictive cash withdrawal policies which caught everyone unawares, even the finance ministry.

Had he won the primaries, would he have introduced such a policy? I really doubt it. It would amount to him shooting himself in the face.

lsoul:
pos businesses will boom

This I have saw