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Nairaland Forum / Nairaland / General / Business / CBN's New Policy On Cash Deposits: Nigerians React (57983 Views)
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CBN's New Policy On Cash Deposits: Nigerians React by CastedAyo: 2:06pm On Sep 18, 2019 |
Nigerians on Twitter have attacked the Central Bank of Nigeria (CBN) over its recent decision to increase charges on transactions. Igbere TV had reported that the CBN, said customers making cash deposits or withdrawals will pay charges beginning from today in line with its new policy. The objective of the “transaction fees” is to give vent to the Central Bank’s policy designed to reduce cash in use. CBN Payments System Management Department Director Sam Okojere on Tuesday announced the take-off of the charges in a statement. “The transactions will attract three per cent processing fees for withdrawals and two per cent processing fees for lodgments above N500, 000 for individual accounts. “Corporate accounts will attract five per cent processing fees for withdrawals and three per cent processing fee for lodgments above N3 million. Reacting to the development, Nigerians are asking for the reason they need to pay an extra 2% when they deposit over N500,000 or pay 3% when they withdraw same; after paying account maintenance charges monthly, ATM maintenance charge, stamp duty charges and transaction charges when they ransfer to other banks. http://igberetvnews.com/1002127/nigerians-react-to-cbns-new-policy-on-cash-deposits/ 7 Likes 1 Share
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Re: CBN's New Policy On Cash Deposits: Nigerians React by CastedAyo: 2:08pm On Sep 18, 2019 |
More; http://igberetvnews.com/1002127/nigerians-react-to-cbns-new-policy-on-cash-deposits/ Lalasticlala Mynd44 Dominique 1 Like 1 Share
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Re: CBN's New Policy On Cash Deposits: Nigerians React by JONNYSPUTE(m): 2:10pm On Sep 18, 2019 |
We can only react on social media. No action. If you don't want to be charged,do cashless transactions. Must we always react negatively all times? 42 Likes 1 Share |
Re: CBN's New Policy On Cash Deposits: Nigerians React by Built2last: 2:10pm On Sep 18, 2019 |
Okay na Meanwhile happening in Aso Rock 9 Likes 3 Shares
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Re: CBN's New Policy On Cash Deposits: Nigerians React by Doctorfitz: 2:12pm On Sep 18, 2019 |
Lols.withdraw 450k and come back for d balance Una never see anything.. Next level... Country weh fit vote buhari ,vote tacha.na country b that? 305 Likes 16 Shares |
Re: CBN's New Policy On Cash Deposits: Nigerians React by izzou(m): 2:13pm On Sep 18, 2019 |
While CBN is charging you 2% for deposits over 500k, FIRS is warming up to charge you for internet transactions VAT is warming up to be 7.2% Minimum wage still no enter 100$ Issokay By 2023, all of us will be alllllllrrrriiiiggghhhhhttt Haq Haq Haq 336 Likes 38 Shares
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Re: CBN's New Policy On Cash Deposits: Nigerians React by naijadrivablog: 2:13pm On Sep 18, 2019 |
Doctorfitz: Like you dont handle big transactions that you just have to do over N500k. 7 Likes 1 Share
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Re: CBN's New Policy On Cash Deposits: Nigerians React by valentineuwakwe(m): 2:31pm On Sep 18, 2019 |
if we like as nigerians, let us react till thy Kingdom comes....Nothing will happen! Except the Senate and House of Rep Members are affected, then They will either suspend it.. 17 Likes 1 Share |
Re: CBN's New Policy On Cash Deposits: Nigerians React by mbos: 3:01pm On Sep 18, 2019 |
Doctorfitz:ha ha ha ha hahhhhhhhhhhhhhhhhhhhh 3 Likes |
Re: CBN's New Policy On Cash Deposits: Nigerians React by DennisEche(m): 3:11pm On Sep 18, 2019 |
TILL THE DULLARD IS DONE KILLING THE ECONOMY THEN ALL OUR EYES GO CLEAR 17 Likes 1 Share |
Re: CBN's New Policy On Cash Deposits: Nigerians React by MANNABBQGRILLS: 3:11pm On Sep 18, 2019 |
The transactions will attract three per cent processing fees for withdrawals and two per cent processing fees for lodgments above N500, 000 for individual accounts.Mba, we no go gree lailai. 1 Like 3 Shares |
Re: CBN's New Policy On Cash Deposits: Nigerians React by flemsy15(m): 3:11pm On Sep 18, 2019 |
so for a withdrawal of 500K, I need to keep aside raw 15K to give Nigerian government that doesn't even care how I make my money after paying other Levie and tax in making d money 73 Likes 5 Shares |
Re: CBN's New Policy On Cash Deposits: Nigerians React by Kennitrust(m): 3:12pm On Sep 18, 2019 |
Since the emergencies of Buhari (jubril) as the presidents of Nigeria, I have always have the feeling that I'm in a different country. Gej make withdrawal from other banks free but to bubu.... No! Gej... Try to even bring down the price of fuel but bubu has taken our mind away from yesterday when everyone was able to smiles with the little they could do. Buhari is a disaster! 85 Likes 5 Shares |
Re: CBN's New Policy On Cash Deposits: Nigerians React by Orissodiq: 3:13pm On Sep 18, 2019 |
Ook |
Re: CBN's New Policy On Cash Deposits: Nigerians React by seunmohmoh(f): 3:13pm On Sep 18, 2019 |
Tr |
Re: CBN's New Policy On Cash Deposits: Nigerians React by Kendumazy(m): 3:13pm On Sep 18, 2019 |
Mheen! Cashless policy! We haven't gotten there yet. With nonsense network from Bank app, with long queue and nonsense atms network, with delayed in payment transfer between banks atimes. Cbn should Chanel their energies to something else. They should work on cashless policy limitations first. Quality UK 1st, 2nd and 3rd grade men's shirts available for sale. Check link below for more details 14 Likes 4 Shares |
Re: CBN's New Policy On Cash Deposits: Nigerians React by abkrgumel(m): 3:13pm On Sep 18, 2019 |
My opinion you can quote me with your open mind too Dear Nigerians You have have to know that this is only apply to a Customer who will go to a bank to deposit/withdraw Cash(Note/legal tender), if you're Transacting using mobile banking/internet banking /ussd banking / POS and other means that aren't Cashing to teller THIS IS NOT Apply to you . If nigeria cashless policy work correctly it will improve digital innovation in financial transactions technology, reduce all those queue in ATM and banking halls and non repudiated financial transaction 17 Likes 2 Shares |
Re: CBN's New Policy On Cash Deposits: Nigerians React by Nobody: 3:14pm On Sep 18, 2019 |
Same country pos fails 5 Likes 1 Share |
Re: CBN's New Policy On Cash Deposits: Nigerians React by ArmaniUhuru: 3:14pm On Sep 18, 2019 |
The difference between the People of titanic and the people of Nigeria is that they knew they were sinking. It’s a pity. 38 Likes 6 Shares
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Re: CBN's New Policy On Cash Deposits: Nigerians React by Duggedised12(f): 3:14pm On Sep 18, 2019 |
Ever played the next level of any game? Omo e dey always hard. 39 Likes 2 Shares |
Re: CBN's New Policy On Cash Deposits: Nigerians React by Goldencheese(m): 3:15pm On Sep 18, 2019 |
This govt is just pushing its damned luck too far. Any sensible govt wouldn't do this. It is well. Next level things..... Do you need a business plan to reposition your business or access funding for your business? We can provide you with the best business planning services you can afford. See my signature. 5 Likes 1 Share |
Re: CBN's New Policy On Cash Deposits: Nigerians React by sonnie10: 3:15pm On Sep 18, 2019 |
This is pure stealing 4 Likes |
Re: CBN's New Policy On Cash Deposits: Nigerians React by Ooye12: 3:15pm On Sep 18, 2019 |
Which day Nigerian citizen go get promo self 4 Likes |
Re: CBN's New Policy On Cash Deposits: Nigerians React by Olanipekun1: 3:15pm On Sep 18, 2019 |
[s] post=82348843:[/s] 16 Likes 4 Shares |
Re: CBN's New Policy On Cash Deposits: Nigerians React by ForeThinker: 3:15pm On Sep 18, 2019 |
They do what they want because they knew we are powerless.... Will this provide jobs ? 2 Likes
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Re: CBN's New Policy On Cash Deposits: Nigerians React by owila4luv(m): 3:15pm On Sep 18, 2019 |
the government just want to drain the electorates. Make i here baba say him de fight for ordinary Nigerians again 1 Like |
Re: CBN's New Policy On Cash Deposits: Nigerians React by mercyvivv(f): 3:16pm On Sep 18, 2019 |
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Re: CBN's New Policy On Cash Deposits: Nigerians React by Royalfurnitures: 3:16pm On Sep 18, 2019 |
This policy is evil and should not be allowed to stand, first FG increased VAT, now CBN is coming up with this, they don't even care about the plight of the masses Check out my signature for quality and durable furniture for your homes and offices |
Re: CBN's New Policy On Cash Deposits: Nigerians React by NotNairalandi(m): 3:17pm On Sep 18, 2019 |
I don't know Nigerians and Chemical who react pass 5 Likes 2 Shares |
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