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Nigeria Back To The Dark Ages (CBN Rule Likely Will Shut Down Businesses) - Business - Nairaland

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Nigeria Back To The Dark Ages (CBN Rule Likely Will Shut Down Businesses) by rojad(m): 1:03am On Jan 06, 2016
CBN policy to block all payment with card in foreign currency will cause greater damage to the economy than good. Many businesses that depends on foreign online services will have to either shut down or relocate to other countries that are friendly. That will increase the numbers of un employments. Nigeria will also loose the tax that will be paid by those companies. I think CBN are made up of fools that do not think clearly before taking action. CBN supposed to weigh but advantages and disadvantages before swinging into terrible policies. Anyway I do not blame them as they are not affected. There are somethings that cannot be done in Nigeria because the enabling environment have not being provided.

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