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Nairaland Forum / Nairaland / General / Business / New Naira Note Scarcity Is False; I Withdrew Mine Yesterday (35523 Views)
See The 20k I Withdrew From A POS Today / New Note Scarcity: ATM Queues Increase In Abeokuta (Pictures) / Aliko Dangote: I Withdrew $10m Just To Look At It (2) (3) (4)
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Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by BossGerald: 9:52am On Jan 27, 2023 |
HardMirror: I'm not shaming anybody oo, imagine after supporting failure buhari and Apc for a whole 8yrs, he's running a POS...worst still he's a tinubu Apc supporter. He's crying for his business abi?? What about those people's businesses in the past that was killed by buharis economic policy that he supported?? |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by Ishilove: 9:52am On Jan 27, 2023 |
BossGerald:Stop talking nonsense. Many ATMS in Lagos are not dispensing at all when I checked for two days consecutively. Onitsha is not Nigeria so try to expand your horizon 2 Likes 1 Share |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by NinjaXmetahuman: 9:53am On Jan 27, 2023 |
BossGerald:and what is wrong with that ? Are you feeding him or did he come to you to beg for money?! PATAPATA e, you are still eating mama thank you food if we dig well into your miserable life. What is wrong with stupid people always trying to work shame people. 8 Likes 2 Shares |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by BossGerald: 9:54am On Jan 27, 2023 |
Jflex07: Haha, he's crying because he doesn't want his pos business closed. What about those people's businesses that was affected by buhari's economic policy in the past, he's a buhari supporter oo 2 Likes 2 Shares |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by Parachoko: 9:55am On Jan 27, 2023 |
BossGerald:You're talking as if Nigeria start and end for your location in Onitsha. 4 Likes 2 Shares |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by treatise: 9:56am On Jan 27, 2023 |
BossGerald:Tinubu And his cotravlellers are spreading falsehood about the new naira notes. Gbajamila is fighting for his political survival by threatening to arrest emefiele, Tinubu does not believe in BIVAS. His political disaster will be worse than that of Abiola 2 Likes 1 Share |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by reddingtonblack: 9:58am On Jan 27, 2023 |
BossGerald: The way you hold the money sef, is that that the 1st time you are seeing it when you finish spending that one n you get other we will take you serious. save some for thanksgiving o! 4 Likes 1 Share |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by jcross19: 9:58am On Jan 27, 2023 |
BossGerald:you are big fool!!! Nigeria has turned her citizens to idiots. Are we suppose to be celebrating or even making withdrawing a new notes a news? Ah ah it shall not be well with Nigeria Governor!! 3 Likes 2 Shares |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by Taigaban: 9:59am On Jan 27, 2023 |
But why are Banks not loading 200naira notes in their ATMs? 2 Likes |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by Papichulostunne(m): 10:00am On Jan 27, 2023 |
babyfaceafrica:Oga dont sound childish here.. You can withdraw a maximum of at least 20k per day. Will you not buy your pepper and transport from there.. Any transaction from 2k and above can be done online. The country is going through a transition. Even banks have deadline to returm their old notes back to CBN. If you feel the date would be extended you a sitting on a long hard black thing. 2 Likes 1 Share |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by Doyou2019: 10:01am On Jan 27, 2023 |
Parachoko: This is the problem with most Nigerians :If it's good where I am, then others MUST AGREE that it's good in theirs too. Shallow-minded self-centered mumutus everywhere and we wonder why patriotism is dead in this part of the globe. 5 Likes 1 Share |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by MT: 10:01am On Jan 27, 2023 |
And this is suppose to be an achievement? Having access to your own fund is now being celebrated. Nigeria is failing. 3 Likes 1 Share |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by BossGerald: 10:02am On Jan 27, 2023 |
NinjaXmetahuman: You called onitsha a village?? It's only illiteracy that's making you not to go withdraw the new notes? Hope you can operate ATM properly?? 1 Like 1 Share |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by Bintdawood(f): 10:05am On Jan 27, 2023 |
kay29000: Choii. I only saw the new 500 naira note once. Its like 1k is more in circulation than the rest abi? May God help us amin! 3 Likes |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by BossGerald: 10:05am On Jan 27, 2023 |
reddingtonblack: I no be heavy spender, thanks. 1 Like 1 Share |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by Elsueno: 10:05am On Jan 27, 2023 |
Prayfortheworld: This is incorrect, I have also being able to withdraw d new notes on most ATMs since last week, though it's 1k notes... At least for my side sha, don't know about other states 2 Likes |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by BossGerald: 10:08am On Jan 27, 2023 |
Doyou2019:. Eeehe?? But you agreed and voted buhari twice?? Enjoy the change you voted for and don't complain. 1 Like 1 Share |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by HardMirror(m): 10:08am On Jan 27, 2023 |
BossGerald:he has the right to support anyone just as you and I also have our own candidates. You should not be shaming him. 4 Likes 2 Shares |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by BossGerald: 10:09am On Jan 27, 2023 |
Elsueno: Tell them oo 1 Like 1 Share |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by Spiritmask: 10:10am On Jan 27, 2023 |
Robertgreene1: Lie... I withdrawed new note in Surulere Lagos yesterday night 3 Likes 1 Share
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Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by Acidosis(m): 10:10am On Jan 27, 2023 |
To be honest, there is nothing the CBN or anyone else can do about the scarcity of the new note given the way the idea was conceptualised from the beginning. Moreover, scarcity is pretty "normal" in Nigeria during "peak seasons." Everyone is trying to get the same thing at the same time, including POS vendors. Haba, no magician can tame the situation. Many streets don't have ATMs. So unless you work in a densely populated business district, you are less likely to get the notes this month. The experience is comparable to what you would normally encounter during the Christmas season. But I believe that two to four weeks from today, everyone will revert to default. More people will be forced to embrace digital transactions, which, by the way, is the essence of the policy. To completely dismiss incidences of scarcity is in.sane. Naira is indeed scarce but there is nothing anyone can do about it. CBN has a minting policy so no amount of scarcity will force the CBN print more notes than necessary. You just have to wait for the "already printed ones" to circulate properly. 3 Likes |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by reddingtonblack: 10:11am On Jan 27, 2023 |
BossGerald: New naira note as being out since last year, and just becos got lucky to recieve yesteday you open a thread to denounce the scarcity which is very much the truth & our reality. Oga mind yourself o 5 Likes 1 Share |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by bablon20(m): 10:11am On Jan 27, 2023 |
Are you saying those that are getting old notes from d atm are lying? Is there anyone who doesn't want to get the new naira note? It's what d bank ATMs dispense that customers will collect. 5 Likes |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by BossGerald: 10:12am On Jan 27, 2023 |
HardMirror: My dear, truth be told, I didn't work shame him...we can't be suffering in this country and some people are hell bent on supporting, campaigning and voting for incompetent candidates. Let the hardship pass round abeg, body go tell all of us. 1 Like 1 Share |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by BossGerald: 10:12am On Jan 27, 2023 |
Spiritmask: May God bless you 1 Like 1 Share |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by damble: 10:16am On Jan 27, 2023 |
With all the op responses, I can conclude he doesn't has sense 6 Likes |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by Lekan239(m): 10:18am On Jan 27, 2023 |
Prayfortheworld:I have been withdrawing the new naira note from uba ATM since Two weeks ago. Only the people from the East are complaining. It's their birth right to always complain. Funny enough non of their past and present governor have outshine governor from the other geo political in terms of infrastructure and general well being. Yet they claim only them could make Nigeria better if they rule 1 Like |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by Bishop1monte(m): 10:23am On Jan 27, 2023 |
BossGerald: Will you transfer for okada man and bus conductor 3 Likes 1 Share |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by Winneygirl(f): 10:32am On Jan 27, 2023 |
The new notes are meant to be spent. A lot of people withdraw it to hoard at home. Once the deadline for old notes mop-up is past, people will bring out the money they have hoarded. Once business people stop collecting old notes, people will start spending what they have. These monies will then be deposited in the banks, who will in turn load them on the machines. Money is all about circulation. Not hoarding. There can never be enough cash to serve everyone, everytime. It is the same money that is deposited another person will withdraw. Right now, people are just withdrawing it, and not spending. I bet by wednesday all these unavailability of cash will cease. 2 Likes |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by Parachoko: 10:34am On Jan 27, 2023 |
Winneygirl:So how much have you hoard? 2 Likes |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by frugal(m): 10:34am On Jan 27, 2023 |
BossGerald: Exactly! Which is why no extension should be given. 2 Likes 1 Share |
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by ibinaboonline: 10:37am On Jan 27, 2023 |
You withdrew new naira notes but you're standing inside a banking hall. You're here saying don't believe this and that but you're standing inside the banking hall, not in front of an ATM machine. Those banks you mentioned, none of their ATMs are dispensing money at all since last week, talk-less of dispensing new notes. It depends on location, Sha. But you'all should remember Nigeria doesn't start from Abuja and end in Lagos. There are other states and cities too. 3 Likes |
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