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Nairaland Forum / Nairaland / General / Business / TSA Freezes Interbank Market, Bank Transactions FROZEN!! (26320 Views)
Naira Quoted At 253/$ As Interbank Market Opens / Naira Crashes To N285/$1 At Interbank Market / CBN Probes Questionable Bank Transactions (2) (3) (4)
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TSA Freezes Interbank Market, Bank Transactions FROZEN!! by citizenisb: 3:49pm On Sep 15, 2015 |
http://nairametrics.com/tsa-has-just-frozen-the-interbank-market/ Nigerian banks made no bids on the interbank money market on Tuesday as they awaited instructions on how to comply with a directive to transfer government revenues into a single account with the central bank, dealers said. President Muhammadu Buhari has ordered that all revenues be paid into the “Treasury Single Account” from Tuesday, part of a drive to fight graft. “No trading is currently going on because no bank was willing to put out quotes until there is a clearer direction with the implementation of the Treasury Single Account (TSA),” one dealer said. “The market is right now frozen, as no trading going on,” another trader said. |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by citizenisb: 3:50pm On Sep 15, 2015 |
http://af.reuters.com/article/nigeriaNews/idAFL5N11L23W20150915?feedType=RSS&feedName=nigeriaNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FAfricaNigeriaNews+%28News+%2F+Africa+%2F+Nigeria+News%29 LAGOS, Sept 15 (Reuters) - Nigerian banks made no bids on the interbank money market on Tuesday as they awaited instructions on how to comply with a directive to transfer government revenues into a single account with the central bank, dealers said. President Muhammadu Buhari has ordered that all revenues be paid into the "Treasury Single Account" from Tuesday, part of a drive to fight graft. "No trading is currently going on because no bank was willing to put out quotes until there is a clearer direction with the implementation of the Treasury Single Account (TSA)," one dealer said. "The market is right now frozen, as no trading going on," another trader said. |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by erunz(m): 3:50pm On Sep 15, 2015 |
HMMMM |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by Queennikky(f): 4:00pm On Sep 15, 2015 |
Hmmmmm |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by frodobee: 4:04pm On Sep 15, 2015 |
Frodobee : |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by idolda: 4:05pm On Sep 15, 2015 |
Daura president making Nigeria's economy to stand still again. 37 Likes |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by sammyj: 4:16pm On Sep 15, 2015 |
The economy will raise again very soon. Imagine how much boast and confidence for foreign investment the TSA will attract to our economy after implementing. Time will tell. |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by judiciarypalava: 4:57pm On Sep 15, 2015 |
Its a pity that Buhari's understanding of how economy runs is zero, and does not have the basic micro economic ideal of economics. 45 Likes 6 Shares |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by PRYCE(m): 5:17pm On Sep 15, 2015 |
From Daura With Love! 8 Likes |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by baralatie(m): 5:23pm On Sep 15, 2015 |
meehn! this is absolutely not funny!
banks are on autopilot na wa o! 7 Likes |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by atlwireles: 5:27pm On Sep 15, 2015 |
No need for tears, Nigerians will live and learn. It takes 5 mins to destroy the efforts of 16 years, we shall all stay here and savage it together. One fact is clear, the sai chanters will suffer the most. 62 Likes 1 Share |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by bettercreature(m): 5:35pm On Sep 15, 2015 |
atlwireles:Sharap! 16years of fraud,Let them freeze everything,if there is no war there will not be peace,let our economy suffer for now,it will only make us stronger 153 Likes 8 Shares |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by Nobody: 5:51pm On Sep 15, 2015 |
Freeze ko decompose ni 1 Like 1 Share |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by atlwireles: 6:07pm On Sep 15, 2015 |
bettercreature: Look at the almajiri, like I said you are the ones going to cry. 43 Likes |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by biafranqueen: 6:14pm On Sep 15, 2015 |
atlwireles:Indeed they will at least we tried to warn them as patriots should do. 18 Likes |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by Adesiji77: 7:05pm On Sep 15, 2015 |
Watching in 4D.... Cc: lalasticlala Analysts have predicted that implementation of the government policy will drain naira liquidity from the banking system, potentially putting some banks in a dire situation. 2 Likes 1 Share |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by DiegoNakel(m): 7:33pm On Sep 15, 2015 |
Sai baba! Sai baba!! Sai baba!!! See the total compliance to an order from above !!!! This man is installing discipline, honesty and commitment !!!!! Once again sai baba!!!!! 51 Likes 1 Share |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by kenedy175(m): 7:33pm On Sep 15, 2015 |
All hail president General admiral prime minister Buhari 3 Likes |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by Mogidi: 7:34pm On Sep 15, 2015 |
“No trading is currently going on because no bank was willing to put out quotes until there is a clearer direction with the implementation of the Treasury Single Account (TSA),” one dealer said. Nigeria is at standstill, the future under Buhari is bleak. 15 Likes |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by CR77(f): 7:34pm On Sep 15, 2015 |
PRYCE: 5 Likes |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by GabrielSuswam(m): 7:34pm On Sep 15, 2015 |
Thank You Buhari for Implementing TSA.... We are Tired Of Reading Public Sector Accounting in Schools Only, We are now seeing it Working in Nigeria. No Management Graduate will oppose This.. Tho I understand those above me opposing this TSA system are secondary school leavers still seeking for Admission in Tetiary Institutions.... P.s .....Don't Quote me 64 Likes 2 Shares |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by bigv(m): 7:35pm On Sep 15, 2015 |
Let's go dere! |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by Neduzze5(m): 7:35pm On Sep 15, 2015 |
Ok And the Daura dullardinhario keeps destroying our economy! 5 Likes |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by Dexema(m): 7:36pm On Sep 15, 2015 |
Frozen? Thats good,can I get a cold drink then? 1 Like |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by slapandfall(m): 7:37pm On Sep 15, 2015 |
I need a buharist to pls explain.. I just need an explanation. |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by anonimi: 7:37pm On Sep 15, 2015 |
citizenisb: Still waiting Despite all the NOISE about this and after we commended it as good only to be WAITING again. Why is everything about APC about waiting, waiting and even more waiting? www.nairaland.com/attachments/2608988_obams_jpga864abdd8ccbf76b03513eef4858bbe0 20 Likes 3 Shares |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by 1love4all: 7:38pm On Sep 15, 2015 |
Ok ooooo |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by Noblebrown7(m): 7:38pm On Sep 15, 2015 |
God 'll help us.. |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by damton(m): 7:39pm On Sep 15, 2015 |
Good |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by efilefun(m): 7:40pm On Sep 15, 2015 |
Neduzze5:So this is too much for you to comprehend Nigerian banks made no bids on the interbank money market on Tuesday as they awaited instructions on how to comply with a directive to transfer government revenues into a single account with the central bank, dealers said. Moreover implementing a law that's been in the constitution since 1999 means he's destroying the economy right You are a grade A Dullard 25 Likes 1 Share |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by galadee(m): 7:42pm On Sep 15, 2015 |
Mogidi:Gerara hia mehn 8 Likes 1 Share |
Re: TSA Freezes Interbank Market, Bank Transactions FROZEN!! by bife: 7:43pm On Sep 15, 2015 |
ok let's see |
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