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BREAKING: CBN Relaxes Rules On Foreign Remittances, Dom Accounts - Business - Nairaland

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BREAKING: CBN Relaxes Rules On Foreign Remittances, Dom Accounts by tunene66: 6:48pm On Nov 30, 2020
BREAKING: CBN relaxes rules on foreign remittances, dom accounts https:///K8yCUTwEuf


Beneficiaries shall have unfettered access and utilisation to such foreign currency proceeds, either in cash and or in their domiciliary accounts.

https://www.cbn.gov.ng/documents/circulars.asp

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Re: BREAKING: CBN Relaxes Rules On Foreign Remittances, Dom Accounts by athaboi(f): 6:51pm On Nov 30, 2020
CBN with their unstable policies! The cabal has milked this country through forex. The Godwin emefiele of a man is just a rubber stamp waiting to take orders

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Re: BREAKING: CBN Relaxes Rules On Foreign Remittances, Dom Accounts by darocha1(m): 6:55pm On Nov 30, 2020
Why is at Sanusi, Soludo and other CBN governors silent on the emefiele issue.

The man is just stamping anything to remain in office.

Nawa o.
Re: BREAKING: CBN Relaxes Rules On Foreign Remittances, Dom Accounts by Acjohn(m): 7:11pm On Nov 30, 2020
Trail and error government
Re: BREAKING: CBN Relaxes Rules On Foreign Remittances, Dom Accounts by yusluvad(m): 7:13pm On Nov 30, 2020
Worst set of cabals ever...
Re: BREAKING: CBN Relaxes Rules On Foreign Remittances, Dom Accounts by Nbotee(m): 7:20pm On Nov 30, 2020
After successfully overseeing the fall and fall of the Naira dey are now relaxing it... These guys are using nigeria for their business or they are jus absolutely terrible at their jobs
Re: BREAKING: CBN Relaxes Rules On Foreign Remittances, Dom Accounts by IdJack(m): 7:22pm On Nov 30, 2020
Hmmm.. After allowing Naira to flow massively.

These guys are not serious
Re: BREAKING: CBN Relaxes Rules On Foreign Remittances, Dom Accounts by Johnrake69: 8:41pm On Nov 30, 2020
Well, let's see how the banks comply with this directive
Re: BREAKING: CBN Relaxes Rules On Foreign Remittances, Dom Accounts by NwaAmaikpe: 10:53pm On Nov 30, 2020
shocked




Lala, this development should be on the frontpage.


The Central Bank Of Nigeria was designed to be independent of the Executive.
This independence of thoughts, strategies and policies was promoted by Clement Isong who avoided running up unsupportable debts and further heightened by Lamido Sanusi who questioned the fuel subsidy funding, challenged the budgetary spending of 25% of all government revenue by the legislative and also rejected the International Monetary Fund's insistence that the Naira be devalued.

Both CBN governors had disagreements on policies with the Heads of State they served under.
Isong with Gowon and Sanusi with Jonathan.

But what we have today is a yessir dummy; one who goes to Economic Summit Forums only to receive orders and ask where to sign from people who don't know their North pole from their South pole in Finance, Economics or Business.

CBN's recent unstable policies on FX usage and allocation are obviously rushed and ill-thought out...more like permutations from illiterate financial pundits whose major aims are to frustrate perceived political enemies and to perpetually keep a certain group at financial business disadvantage.

Just when you are just about to get used to one nonsense rule they reverse it and later reimpose it.
What has mandating that offshore and FX transfers are to be made from your Telegraphic Transfer Balance (TTB) and not cash deposits got to do with the exchange rate or availability of FX?

To me it is simply to ensure some people's money rots with them. That is vendetta and not strategic thinking.

Godwin Emefiele is less than a rubber stamp.
He is a stamp carved out of decayed cocoyam. If he had any decency in him, he would have resigned 3years ago.
But keeping his job by licking ass is more important than leaving a name in Sterling.

The economy is on a free fall.
Interest rates on deposits are almost non-existent, stamp duty is charged on Savings accounts, accounts of perceived "enemies" of the government are flagged and frozen. Unsustainable loans are requested every now and then to sustain our outrageously exorbitant cost of governance.

If not for the abundance of Ponzi Schemes masquerading as FX investors, Nigerians would have been eating stone now.

I miss Charles Soludo.
I miss Sanusi Lamido Sanusi.
The CBN is just like the NLC; a total write-off.

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Re: BREAKING: CBN Relaxes Rules On Foreign Remittances, Dom Accounts by malomo26582: 10:58pm On Nov 30, 2020
Well, let's see how the banks comply with this directive
Re: BREAKING: CBN Relaxes Rules On Foreign Remittances, Dom Accounts by Meringe(m): 11:28pm On Nov 30, 2020
The worst CBN management so far.



The create policies that adversely affects the naira.
Re: BREAKING: CBN Relaxes Rules On Foreign Remittances, Dom Accounts by GOFRONT(m): 11:37pm On Nov 30, 2020
Hmmm....Naija
Re: BREAKING: CBN Relaxes Rules On Foreign Remittances, Dom Accounts by okeyglm: 12:28am On Dec 01, 2020
cbn is single biggest fraudster in this country. we should ask them what happen to all the foreign exchange remitted by diaspora Nigerians. remember the remittance is more 30b USD every year. what happen to those money. Emefiele and buhari cabals will take the dollar and give you 360naira. Then turn around and sell it their crony at 400+. This is an open secret the exchange market. Nigerians are docile they don't ask questions. Even late Henry boyo raise this revelation before his demise.
Re: BREAKING: CBN Relaxes Rules On Foreign Remittances, Dom Accounts by Emereolevanwill(m): 5:30am On Dec 01, 2020
NwaAmaikpe:
shocked




Lalasticlala, this development should be on the frontpage.


The Central Bank Of Nigeria was designed to be independent of the Executive.
This independence of thoughts, strategies and policies was promoted by Clement Isong who avoided running up unsupportable debts and further heightened by Lamido Sanusi who challenged the fuel subsidy funding, challenged the budgetary spending of 25% of all government revenue by the legislative and also rejected the International Monetary Fund's insistence that the Naira be devalued.

Both governors had disagreements on policies with the Heads of State they served under.
Isong with Gowon and Sanusi with Jonathan

But what we have today is a yessir dummy; one who goes to Economic Summit Forums only to receive orders from people who don't know their North pole from their South pole in Finance, Economics or Business.

CBN's recent unstable policies on FX usage and allocation are obviously rushed and ill-thought out...more like permutations from illiterate financial pundits whose major aims are to frustrate perceived political enemies and to perpetually keep a certain group at financial business disadvantage.

Just when you are just about to get used to one nonsense rule they reverse it and later reimpose it.
What has mandating that offshore and FX transfers are to be made from your Telegraphic Transfer Balance (TTB) and not cash deposits got to do with the exchange rate or availability of FX?

To me it is simply to ensure some people's money rots with them. That is vendetta and not strategic thinking.

Godwin Emefiele is less than a rubber stamp.
He is a stamp carved out of decayed cocoyam. If he had any decency in him, he would have resigned 3years ago.
But keeping his job by licking ass is more important than leaving a name in Sterling.

The economy is on a free fall.
Interest rates on deposits are almost non-existent, stamp duty is charged on Savings accounts, accounts of perceived "enemies" of the government are flagged and frozen. Unsustainable loans are requested every now and then to sustain an expensive cost of governance.

If not for the abundance of Ponzi Schemes masquerading as FX investors, Nigerians would have been eating stone now.

I miss Charles Soludo.
I miss Sanusi Lamido Sanusi.
The CBN is just like the NLC; a total write-off.
You've done Justice
Re: BREAKING: CBN Relaxes Rules On Foreign Remittances, Dom Accounts by softset: 5:43am On Dec 01, 2020
So in other words, if I send US dollars to Nigeria, the recipient can now receive in US dollars , contrary to what was obtainable previously .

I believe this is a welcome development ,but why did CBN wait this long before implementing this.

This is why investors are worried about making strong moves in this country

God help Nigeria
Re: BREAKING: CBN Relaxes Rules On Foreign Remittances, Dom Accounts by tobechi74: 5:52am On Dec 01, 2020
darocha1:
Why is at Sanusi, Soludo and other CBN governors silent on the emefiele issue.

The man is just stamping anything to remain in office.

Nawa o.
They understand he is highly influenced by the cabals
Re: BREAKING: CBN Relaxes Rules On Foreign Remittances, Dom Accounts by galadima77(m): 1:40pm On Dec 01, 2020
NwaAmaikpe:
shocked

Lala, this development should be on the frontpage.


The Central Bank Of Nigeria was designed to be independent of the Executive.
This independence of thoughts, strategies and policies was promoted by Clement Isong who avoided running up unsupportable debts and further heightened by Lamido Sanusi who questioned the fuel subsidy funding, challenged the budgetary spending of 25% of all government revenue by the legislative and also rejected the International Monetary Fund's insistence that the Naira be devalued.

Both CBN governors had disagreements on policies with the Heads of State they served under.
Isong with Gowon and Sanusi with Jonathan.

But what we have today is a yessir dummy; one who goes to Economic Summit Forums only to receive orders and ask where to sign from people who don't know their North pole from their South pole in Finance, Economics or Business.

CBN's recent unstable policies on FX usage and allocation are obviously rushed and ill-thought out...more like permutations from illiterate financial pundits whose major aims are to frustrate perceived political enemies and to perpetually keep a certain group at financial business disadvantage.

Just when you are just about to get used to one nonsense rule they reverse it and later reimpose it.
What has mandating that offshore and FX transfers are to be made from your Telegraphic Transfer Balance (TTB) and not cash deposits got to do with the exchange rate or availability of FX?

To me it is simply to ensure some people's money rots with them. That is vendetta and not strategic thinking.

Godwin Emefiele is less than a rubber stamp.
He is a stamp carved out of decayed cocoyam. If he had any decency in him, he would have resigned 3years ago.
But keeping his job by licking ass is more important than leaving a name in Sterling.

The economy is on a free fall.
Interest rates on deposits are almost non-existent, stamp duty is charged on Savings accounts, accounts of perceived "enemies" of the government are flagged and frozen. Unsustainable loans are requested every now and then to sustain our outrageously exorbitant cost of governance.

If not for the abundance of Ponzi Schemes masquerading as FX investors, Nigerians would have been eating stone now.

I miss Charles Soludo.
I miss Sanusi Lamido Sanusi.
The CBN is just like the NLC; a total write-off.

I like this...

1 Like

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