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Nairaland Forum / Nairaland / General / Business / Cash Shortage Hits Banks As TSA Deadline Expires (23111 Views)
CBN Recovers N60bn From Banks As Illegal Charges / BVN: Banks To Deactivate Unregistered Accounts As Deadline Expires Friday / Cash Squeeze Hits Banks As NIBOR Volatility Surges (2) (3) (4)
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Cash Shortage Hits Banks As TSA Deadline Expires by Adesiji77: 6:13am On Sep 16, 2015 |
Deposit Money Banks in the country have transferred about N1.5tn from the accounts of Ministries, Departments and Agencies of the Federal Government to the Central Bank of Nigeria as the deadline for the commencement of the Treasury Single Account policy expires yesterday (Tuesday),.http://www.punchng.com/business/business-economy/cash-shortage-hits-banks-as-tsa-deadline-expires/ lalasticlala 2 Likes 1 Share |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by Nobody: 6:15am On Sep 16, 2015 |
hmmmm. Ok |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by MrZachs(m): 6:20am On Sep 16, 2015 |
Sai Chanji 1 Like |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by menix(m): 6:24am On Sep 16, 2015 |
Off to shower, I mst go withdraw the remaining 3k I have in GTB before they start giving coins since money don scarce... 44 Likes 1 Share |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by rusher14: 6:37am On Sep 16, 2015 |
Not an economist but less naira in circulation could mean less inflation. However, you can't remove the attendant problems that would be associated with this development and a panacea/relief should be found by the CBN. 3 Likes |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by pendusky(m): 6:37am On Sep 16, 2015 |
This is further moves to worsen Nigeria's Economy! Watching though 3 Likes |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by GboyegaD(m): 6:39am On Sep 16, 2015 |
Now they have to work harder to get more deposit and possibly come up with products that are customer and business friendly. 30 Likes 3 Shares |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by Reekadict04: 8:13am On Sep 16, 2015 |
ahhh |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by NotNairalandi(m): 8:13am On Sep 16, 2015 |
We never ground beans moi moi don de smell 12 Likes |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by Sijo01(f): 8:14am On Sep 16, 2015 |
Hmmm, hope the disadvantages of this TSA will not over power the advantages. 4 Likes 1 Share |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by lonelydora: 8:14am On Sep 16, 2015 |
I reserve my comment until I get to GTBank and First Bank to withdraw my 2,500 and 7,000 respectively, and they start telling me stories. Then, they will know me. Meanwhile, PMB ride on we are solidly behind you. Change is here. I'm now proud to be a Nigerian. The Green passport must regain it's respect by all means. Before you quote me, I SHOOT TO KILL. BE WELL ADVISED. 25 Likes |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by Emeskhalifa(m): 8:14am On Sep 16, 2015 |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by free2ryhme: 8:14am On Sep 16, 2015 |
A president spoke and it came to pass. Jonah are you still a learner? 23 Likes |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by free2ryhme: 8:15am On Sep 16, 2015 |
This policy will be beneficial in the long run principally because funds will be geared towards developing the economy as a whole 6 Likes |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by AutoCarTracker(m): 8:15am On Sep 16, 2015 |
alright noted |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by niceguy7(m): 8:15am On Sep 16, 2015 |
Lol......cash shortage hit bank kee? Hw manage....if I hear *yimu* |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by GlorifiedTunde(m): 8:15am On Sep 16, 2015 |
Just for the moment. #NOPAIN #NOGAIN We're moving on...EVERY CHANGE HAS A PRICE. 3 Likes 1 Share |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by Pavore9: 8:15am On Sep 16, 2015 |
Banks should now focus on being involved in the real economy! 11 Likes |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by BCISLTD: 8:16am On Sep 16, 2015 |
"systematically important banks" my a#$ wipe.... Living fat off government funds and promoting looting. . Check my signature Call or whatsapp https://www.nairaland.com/2582274/toks-2008-toyota-fj-cruiser 2 Likes |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by ezebunafo(m): 8:17am On Sep 16, 2015 |
Issorit |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by Nobody: 8:17am On Sep 16, 2015 |
Oops....looking narrow. I hope this makes the banks better at looking for money outside government....and as someone suggests....CBN can do some temporary measures. The reason for all this restrictiveness.....oil price has fallen, and it is at $48 for October. The benchmark prize for the budget was $53. And yeah....we should have saved more...but that would mean this issue would be happening next year...not this year. |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by dirtysexyjokes: 8:17am On Sep 16, 2015 |
young couple on the brink of divorce visit a marriage counselor. The counselor asks the wife, “What is the problem?” She responds, “My husband suffers from premature ejaculation.” The counselor turns to her husband and inquires, “Is that true?” The husband replies, “Well not exactly; it’s her that suffers, not me.” 8 Likes 2 Shares |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by SweetJoystick(m): 8:17am On Sep 16, 2015 |
Nice...expect crazy deposit promos from banks to mop up liability, attractive fixed deposit rates....Sterling bank is at it already with new accounts/cash deposit promo 2 Likes |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by Idrismusty97(m): 8:17am On Sep 16, 2015 |
Hope dem no go pack all my monie for bank? Well this would have less impact on top banks, Shape in or Shape out! |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by mrkels(m): 8:17am On Sep 16, 2015 |
All lies!!! Cash shortage ni |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by kennyman2000(m): 8:18am On Sep 16, 2015 |
Hmmmm.. |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by sprinter101(m): 8:18am On Sep 16, 2015 |
Ok |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by Eeser: 8:19am On Sep 16, 2015 |
The banks should look elsewhere |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by blesszzy(m): 8:19am On Sep 16, 2015 |
How can cash shortage hits banks when in the actual sense cash is stored/kept in Banks |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by AfroKnight: 8:19am On Sep 16, 2015 |
Inevitable. FG money has no business in such commercial banks in the first place. These banks were thriving on the corrupt and illegal practices of past administrations. Imagine! Money that should go straight to the treasury is kept in commercial banks for the benefits of the bankers. That's illegal. There are too many scattered accounts. It's a good move to plug such loopholes. Now once an a FG agency remits money, it can be accounted for IMMEDIATELY. 13 Likes |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by Abeyjide: 8:20am On Sep 16, 2015 |
our banking system in nigeria is so lazy,is now to do d main banking work.now each bank will know the value of their customers.including those with little cash. 17 Likes |
Re: Cash Shortage Hits Banks As TSA Deadline Expires by GabrielSuswam(m): 8:20am On Sep 16, 2015 |
Banks want to sabotage this TSA... But Beware MDs of Banks.. We Got a President with Balls 12 Likes 1 Share |
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