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Nairaland Forum / Nairaland / General / Business / CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly (39529 Views)
CBN Increases Money Supply By 16.3% In June 2023 / Banks Raise ATM Cash Withdrawal Limit To ₦200,000 / CBN Drops ATM Withdrawal Limit To N20k/Day (2) (3) (4)
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Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by Blaze14k: 9:42pm On Dec 21, 2022 |
The pressure is really high. Oga cbn come back home u need to answer some questions 1 Like |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by specialmati(m): 9:42pm On Dec 21, 2022 |
rounding up |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by Obaofaba: 9:42pm On Dec 21, 2022 |
Did he take some nkpumiri before? He just has to go. He's incompetent. Very shallow upstairs. Not worthy of that office. Lower the bar of the office to an all time low. Oversaw massive naira decline never witnessed before. Enriching the banks at our expense. Withdraw money you are charged. Deposit, you are charged. Transfer, you are charged. Receive deposit, you are charged. Other bank withdrawal through the ATM, you will only get 10k per withdrawal but in your bank, you can withdraw 40k at a time, thereby paying 35 naira after the 3rd withdrawal in a month not mentioning 4 naira per sms received. And he introduced it immediately he was hired. Banning importation of goods we don't have an advantage there killing the naira and he wished to achieve the opposite. Dollars rose from 400 to an all time high at 830 as a result of this Ill time policy. We used to buy foreign rice at 17k but now buying locally produced at 43k and he didn't reverse the useless policy. Used foreign cars were used to be bought at 700k at the average now 2 million plus due to hash policies. Sack him now to save our economy!!! 4 Likes 1 Share |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by Nobody: 9:42pm On Dec 21, 2022 |
Urchins are in tears. Eeya. |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by Karlifate: 9:42pm On Dec 21, 2022 |
The same that was bowing for Ismaila Isa Funtua, you expect him not to bow to pressure. I laugh you. 1 Like |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by edungene7: 9:42pm On Dec 21, 2022 |
All this because of the bullion van criminal from Iragbaji without vote buying and electoral violence the criminal is out of the race tactically 1 Like |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by CheapHomes1: 9:43pm On Dec 21, 2022 |
michlins: Which corruption is fighting back? What has cashless policy got to do with corruption? Is emefiele that started this nonesense not corrupt? 1 Like |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by tolue42(m): 9:43pm On Dec 21, 2022 |
This Obidense are mocking Tinubu because of withdrawal limit, do you think it will affect only politicians Most of Obi supporters are traders, who need cash for goods and services day in day out, after election una eyes go clear when the policy starts bitting una up and down.. 1 Like |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by tolue42(m): 9:43pm On Dec 21, 2022 |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by ZaddyJ: 9:43pm On Dec 21, 2022 |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by OLADD: 9:43pm On Dec 21, 2022 |
This only accentuates how monetary and fiscal policies under APC and Emefiele have been flipflop and unstable. Nigerians made terrible mistake voting APC in 2015 and they would make greater one if they fall for OB/LP propaganda in 2023. The consequence will massive. |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by cliqtips: 9:44pm On Dec 21, 2022 |
Hi |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by TheGiftedOne(m): 9:44pm On Dec 21, 2022 |
Smh |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by CheapHomes1: 9:44pm On Dec 21, 2022 |
edungene7: How is this about Tinubu? |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by zuby4real10(m): 9:44pm On Dec 21, 2022 |
So how much come be daily maximum widrawals for individuals? |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by mankan2k7(m): 9:45pm On Dec 21, 2022 |
A |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by Moh247: 9:46pm On Dec 21, 2022 |
Fear of DSS |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by CheapHomes1: 9:46pm On Dec 21, 2022 |
Obaofaba: Who should sack him? Why hasn't he been sacked all this while with all the atrocities and blunders he has made? |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by Eppking(m): 9:47pm On Dec 21, 2022 |
I weep for this country. Funnily, you would not be able to point to the group of people/politicians mounting untold pressure on Meffy. Their next plan is to plot his removal and ultimately kee the policy even before the kick off date by suspending it for one flimsy reason. I fear northern 1 Like |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by ShinnBet: 9:48pm On Dec 21, 2022 |
michlins: Dense idiot For your small okoro brain this policy was instituted by Emefile to curb vote buying abi. You forget that life exists after elections and that if this policy is allowed to be in place the larger economy and already impoverished citizenry will only get worse. But I don't expect a petite trader mind to reason between buying and selling chinko fake products to truly understand the gravity if this stupid policy 4 Likes |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by CheapHomes1: 9:48pm On Dec 21, 2022 |
tolue42: So you are clearly telling us that APC is only known for anti people policies. What exactly should Tinubu tell nigerians about voting for APC? |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by kcubani: 9:49pm On Dec 21, 2022 |
Policy sumersult |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by brain54(m): 9:49pm On Dec 21, 2022 |
Finally emiefele succumbed to pressure… |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by CheapHomes1: 9:50pm On Dec 21, 2022 |
Kastonkastroll: Thank you. You are blessed. I see some comments say cashless policy is a "good policy" yet they can't explain how 2 Likes |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by Mccullum: 9:51pm On Dec 21, 2022 |
He does not know what is doing, at least a good policy maker would have make some finding and secretly sample peoples opinion on what he's intending to do. The major reasons for the policy was the insufficiency of newly introduced naira notes in circulation, hence he decided to formulates the policy that'll enhance reduction of its usage in cash. He try as he succumb to peoples views. 1 Like |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by edungene7: 9:53pm On Dec 21, 2022 |
CheapHomes1:He is a renown vote buying criminal |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by CheapHomes1: 9:53pm On Dec 21, 2022 |
grandstar: Based on your last paragraph, its very possible that emefiele is being vindictive because of the way he was outwitted at the APC primaries 2 Likes |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by DeLaRue: 9:53pm On Dec 21, 2022 |
If a politician is prepared to pay the right amount, some bank managers will risk their career to break the CBN rules on withdrawal. Desperate politicians will find a way around the withdrawal limit. 2 Likes |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by tempest01(m): 9:54pm On Dec 21, 2022 |
Coward CBN. He is lucky that the cabal joined him to chop CBN money. They cannot use EFCC as it will lead back to then, they decided to use DSS. |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by CheapHomes1: 9:54pm On Dec 21, 2022 |
edungene7: So what? How can the CBN make policy just because of just one man? Isn't that stupid? |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by Nobody: 9:55pm On Dec 21, 2022 |
Thieves E Choke If they like they should increase it to 5Billion Naira. E no concern me. Useless People. |
Re: CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly by tolue42(m): 9:58pm On Dec 21, 2022 |
CheapHomes1: I will vote for APC, this policy can never be against APC candidate, if you know, you know... But my own is, after election, will it affect the citizens? YES! Which set of people will feel the pressure most? Traders. Who are the traders Your guess is good as mine. So don't wish Tinubu bad because of election. It'll still come back to bite you. It's better we all condemn the policy now..don't be an hypocrite! 2 Likes 1 Share |
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