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CBN Restricts Foreign Banks From ‘Banking Businesses’ - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / CBN Restricts Foreign Banks From ‘Banking Businesses’ (21667 Views)

CBN Stops Banks From Utilising Naira Devaluation Gains / FG Bars Online Banks From Accessing Customers’ Photos, Contacts / CBN Restricts Dividend Pay-out By Banks (2) (3) (4)

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Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by Namzy(m): 8:33am On Oct 14, 2022
All his policies have not yielded any change to naira free fall
Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by Emman08: 8:33am On Oct 14, 2022
deedo93:
Emefiele is just clueless

The man is groping around in the dark

1 Like 1 Share

Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by Streetmovement(m): 8:34am On Oct 14, 2022
Wotoporiously cool speaking

Good news for some, bad news for some

But CBN na hypocrites
Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by imagrg(m): 8:35am On Oct 14, 2022
Thank God there is crypto alternative.

1 Like

Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by FreeStuffsNG: 8:36am On Oct 14, 2022
Good news to shareholders of Nigerian bank shares. When Nigerian banks go overseas, they fulfil and comply with their own countries laws so how will these foreign banks now come to Nigeria and start banking services without licenses for such. I support CBN on this patriotic move. If they want to become banks just get the license

1 Like

Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by YoobaNesan: 8:39am On Oct 14, 2022
Hope Grey is safe sha if this government don't wants to be unfortunate?

1 Like

Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by chloride6: 8:40am On Oct 14, 2022
Lmao…

These guys are the hardest to regulate. We used to call them briefcase bankers ��
Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by owobokiri(m): 8:42am On Oct 14, 2022
The guys at CBN are just funny.

Every major bank in Nigeria as we speak has its majority shares owned by foreign banks!! Mainly Western banks. This is why you are charged double when you run an international transaction with a Nigerian bank! This Evil takeovers happened during the Soludo "Consolidation Program" and as far as I'm concerned, this is main reason why Nigerian banks are more driven to lend to traders for quick profits, rather than lend to the real sector of the economy to propell long lasting economic growth!

So how can you claim to have removed the foreign banks from local bank businesses if the socalled local banks are almost entirely owned by foreign banks
Emefiele and Buhari are one of a kind.

3 Likes 1 Share

Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by qtguru(m): 8:42am On Oct 14, 2022
IgiveLadiesBj:
No wonder Wise is stopping transactions to Nigeria.

Make 2023 reach make them just comot this Emefiele

Yeah but you can still transfer to someone in the UK to sell on Lemonade or Grey Account and convert back to naira. So it's just at an additional charge.

I still use Wise
Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by Mrkumareze(m): 8:42am On Oct 14, 2022
Changing policies every month yet we can't boost of anything positive in our banking/financial sector

1 Like

Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by Emeka71(m): 8:45am On Oct 14, 2022
Lalami3232:
Don't be deceived oooo, no government institution would enforce any law wey go profit/benefit the masses except their own selfish gain.
Believe the Nigerian government at your own peril grin


I don talk am before and I go talk am again, "Instead of you to go learn programming, oga go and learn programming oooooo"
Is a lie ; banking laws are made to safeguard people who have investment but because of greedy people (officials involvedwink they then turn the thing round.
Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by Badguy77(m): 8:47am On Oct 14, 2022
This emeifule abi wetin dem dey call am study economics at all? Cos this man no just get single sense at all.. Well na injury time all of them dey make dem do pack up and leave.

4 Likes

Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by Willie2015: 8:47am On Oct 14, 2022
MuslimIgbo:
CBN, the corporation headed by corrupt BASTARDS, and making life difficult for Nigerians.

Your ATM debit cards are very useless because of CBN. You can't use it purchase or make payments of anything online besides local platforms.


NO PAL,

NO STRIPE

NO SKRILL

NO AMAZON PAY

NO APPLE PAY etc.

Pls open a domiciliary account ...
Saving or Current type is available ..
Bank will give you a Dollar Card...
Source for your dollars abroad or via Mallam...
Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by iscom(m): 8:47am On Oct 14, 2022
Wetin i know...
Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by Curious345: 8:48am On Oct 14, 2022
Scrupulous419:


Your brain has 2 sides(Right&Left)
At the "Right" side there is nothing "Left" and at the "Left" side there is nothing "Right". Say less the best for you cunt. try dey read
you're unknown and nameless ..
I refuse to trend you..

You're not permitted to use my integrity as a launchpad to your inglorious aspirations..

Vote wisely

1 Like 1 Share

Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by AliyuMahdi9: 8:48am On Oct 14, 2022
Useless CBN Governor


Keep Banning and Restricting, yet Naira losing Value daily.

Saintlucia

@Saintlucia Come here

3 Likes

Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by frowland(m): 8:49am On Oct 14, 2022
IgiveLadiesBj:
No wonder Wise is stopping transactions to Nigeria.

Make 2023 reach make them just comot this Emefiele

Oga comot from here with that Emefiele nonesense. Wise should go to Nigeria and open a taxable business.
People like you want a prosperous nation but can’t stand simple economic logic.
Fidelity bank as an example pays tax and employs thousands, yet a company that doesn’t have a single branch and never pays one kobo to the government nor employs anyone is your problem. You can hate the government but not your country.

5 Likes 2 Shares

Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by bemagnify: 8:50am On Oct 14, 2022
Willie2015:


Pls open a domiciliary account ...
Saving or Current type is available ..
Bank will give you a Dollar Card...
Source for your dollars abroad or via Mallam...

na so other countries da do?
Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by naijapikin2(m): 8:50am On Oct 14, 2022
Good move. If only it will make our indigenous banks improve their services instead of deductions money wantonly from customers without even the courtesy of sending you alerts.

These banks are the closest thing to daylight robberies.

2 Likes 1 Share

Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by babajero(m): 8:53am On Oct 14, 2022
IgiveLadiesBj:
No wonder Wise is stopping transactions to Nigeria.

Make 2023 reach make them just comot this Emefiele
emiefele is not the main problem.
Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by Legend44(m): 8:53am On Oct 14, 2022
You dey whine ni... Why won't it affect them all fintech will definitely be affected... Freelancers will also be affected cos now there's no way to easily convert your USD to niara and send to local bank account. You won't be able to buy anything online using online foreign account virtual cards.
priceactionx:
na wa .in this era of fintech and blockchains? Since they cant use their brains to develop how they can be benefiting from the transactions, they will always be clueless. Who is keeping this CBN governor for long? Well, crypto transactions will still find its way. Iam wondering if this will affect grey or geegpay.
Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by Willie2015: 8:54am On Oct 14, 2022
bemagnify:


na so other countries da do?

Are you living in other countries....
Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by babajero(m): 8:55am On Oct 14, 2022
deedo93:
Emefiele is just clueless
the problem is not mainly emiefele, he is just the fall guy.

1 Like

Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by kenoyad: 8:57am On Oct 14, 2022
When there's no head, every other parts is ineffective, if Buhari is right with a good economic adviser and minister of finance, Emefiele shouldn't be heading CBN by now. It's like Buhari don't like to fire his staff no matter how poor. I don't blame Emefiele but the dullard Buhari!
Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by Legend44(m): 8:57am On Oct 14, 2022
All these won't work anymore
qtguru:


Yeah but you can still transfer to someone in the UK to sell on Lemonade or Grey Account and convert back to naira. So it's just at an additional charge.

I still use Wise
Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by addexx: 8:58am On Oct 14, 2022
priceactionx:
na wa .in this era of fintech and blockchains? Since they cant use their brains to develop how they can be benefiting from the transactions, they will always be clueless. Who is keeping this CBN governor for long? Well, crypto transactions will still find its way. Iam wondering if this will affect grey or geegpay.

Exactly my thoughts. This is going to be a big issue for internetpreneurs if geepay, wise or grey is affected.
Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by Fidelismaria: 9:03am On Oct 14, 2022
I hope this does not affect Hyperwallet?
Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by babajero(m): 9:05am On Oct 14, 2022
Buddha3:
Oh my God!

Is this man being deliberately used to bring this country's economy to the ground?!
he is just buhari and his economic team fall guy, they needed a southern name to present for their atrocities so they decided to use emiefele, that is why they looked for way to remove the former minister of finance because she wouldn't serve their purpose.
Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by favour32(m): 9:06am On Oct 14, 2022
Starz825:
One thing I realized about this our Nigeria politics wey we dey always yarn for here be say :

*All the things wey obidients dey always talk for here against tinubu/shetima....na true talk ..if you check am well, na true..tinubu is corrupt , shetima na bk partner

Funny enough

*Most of the things wey Dem urchins dey talk tooabout obidatti na still true...if you look well sef....Obi sef no clean.. his past political records has so many hoes in them... infact he could even be keeping up pretence just to get there and do his own thing... personally I won't be surprised if he disappoint Nigerians in his first tenure..

*No even mention atiku..he is not just corrupt..him na big thief...he will also be very autocratic cos of the years wey he don spend dey find this thing

All of them are same mtcheew, they are all politicians ...... that's just it...

It is what it is sha....
just vote wisely
During our high school days, some decades ago, in English Language.

We had an interesting topic, called
Summary.

But these days,
we get Nigeria summary.

All wetin you talk for above na....
Non of them 100% clean.

We agree with you 90% that two of them dirty well well.


But,we will agree with you fully, if only we know nothing and that's not true.


We give you a pass mark . shocked

1 Like

Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by babajero(m): 9:07am On Oct 14, 2022
Harddiskng:


Godwin Emefiele is one of the worst things that has ever happened to Nigeria

By the special grace of God, him and his generations after would not go unpunished.
emiefele is not the problem, he is just a fall guy.
Re: CBN Restricts Foreign Banks From ‘Banking Businesses’ by Basicend: 9:11am On Oct 14, 2022
They should just chil. . It is well. .

Buhari and his puppet CBN governor will be gone by Feb next year. .

So before they cripple Nigeria. . A new gov will repair that sector.

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