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Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry (30866 Views)

Naira Rebounds As Banks Offload Excess Dollars / Naira Weakens To N950/$Dollar As FOREX Scarcity Worsens / Naira Plunges To N472/$ As Forex Scarcity Worsens (2) (3) (4)

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Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by Raphael81(m): 8:28am On Nov 14, 2023
Buharideen
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by jumper524(m): 8:29am On Nov 14, 2023
This one na just news.
No cash shortage for the common man.
Except you mean to say billionaires now having restricted access to large chunk of their cars unlike before
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by tctrills: 8:30am On Nov 14, 2023
StreetFight:



Who will the local Igbo fetish drug trafficker blame?
The local fetish drug trafficker was not the idiot that voted in APC.
Nigerians are not starving because of the fetish drug trafficker, they are suffering because of one Bola Tinubu and the APC
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by marlow1962(m): 8:35am On Nov 14, 2023
vincenteger:
We play too much in this country.
From constant inflation to naira scarcity.

They should just sell the country
We are not playing, some people are just teaching us politics.
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by millionboi2: 8:36am On Nov 14, 2023
sonofanarchy:
If this happens, there's going to be serious problem, Nigerians are already frustrated this will be the height of this.
thy will still survive it.
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by Reference(m): 8:37am On Nov 14, 2023
mannobi:
The problems Buhari and Emefiele created are still here with us

Still calling Buhari and Emefiele 6 months into a new regime.
Nigerians are really funny people.
Exactly when do you expect a regime you voted in to act..... ten years?

This is the problem with voting back a government that failed, that performed woefully in the past regime, it never works.
The APC should never have been returned to power if Nigerians knew how democracies work.

When you vote back a government even the best intentions to change ways will be resisted by the very people that ruined the former and they are still hanging around the corridors of power. With the same government you cannot revert back to past actions properly, recover resources stolen or misappropriated.

But most importantly, returning a government sends a signal to the new one that failures will not be punished and non performance will not determine its acceptance. That is why there is no haste to repair failures of the past regime.

3 Likes

Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by gabbytabby: 8:37am On Nov 14, 2023
It’s obidients destroy 9ja propaganda.


Ikaeniyan0:
I only hear of this cash scarcity in Lagos on nairaland
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by dominic17: 8:38am On Nov 14, 2023
When you put a known criminal at helm of the affairs what you expect,?
mcbreeze:
These guys just have one agenda, to punish Nigerians. What did we do to deserve all this punishment?
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by dominic17: 8:38am On Nov 14, 2023
The looting has just begun
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by Spicycat(f): 8:42am On Nov 14, 2023
Coolsperm:
Local Yoruba Muslims will surely blame ipob for this

Fóol cheesy cheesy cheesy

You can't pick a fight with a whole religion else your inevitable downfall to the abyss is eminentl.
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by Godmademan(m): 8:43am On Nov 14, 2023
Paid 300 to withdraw 10000 at a POS shop yesterday. We are living like slaves in this country. Civilians treating other civilians like trash

2 Likes

Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by ariesbull: 8:44am On Nov 14, 2023
emmanuelbrown26:

Bcs Obi is a very big name
those Ronuists are just bunch of idiots

Never seen group of fools like them

2 Likes 1 Share

Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by ariesbull: 8:46am On Nov 14, 2023
Tochi3:
I thought Emiefele is in Prison grin grin

..so after blaming Emiefele for naira scarcity while allowing their muslim Master disaster to go chill in Daura...this is what the emilokans have to offer grin grin

Where are those blaming Emiefele...come & see o, your emilokan slave ti lu le o
those Ronu people are just bunch of idiots and inepts


The other tribes have seen how stupid they can be

1 Like

Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by victorsola: 8:46am On Nov 14, 2023
Islie:
Naira scarcity is biting harder across the country as banks have limited cash withdrawals, findings by Daily Trust have shown. Residents of Lagos, Abuja, Kano,…




https://dailytrust.com/naira-scarcity-worsens-as-banks-limit-withdrawals-atms-run-dry/

people are not taken money to the bank because they think old note will cease to work. Nigerians and panic
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by Usmanovic95(m): 8:52am On Nov 14, 2023
I wonder who will be the scape goat this time.
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by Enemyofpeace: 8:56am On Nov 14, 2023
Usmanovic95:
I wonder who will be the scape goat this time.
Emefiele of course
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by occfx: 9:02am On Nov 14, 2023
vincenteger:
We play too much in this country.
From constant inflation to naira scarcity.

They should just sell the country

Are you sure say them go price am well?
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by seguno2: 9:08am On Nov 14, 2023
vincenteger:
We play too much in this country.
From constant inflation to naira scarcity.

They should just sell the country

How much do you think that you can be sold for, as a part and parcel of our country
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by Countersam(m): 9:09am On Nov 14, 2023
Islie:
Naira scarcity is biting harder across the country as banks have limited cash withdrawals, findings by Daily Trust have shown. Residents of Lagos, Abuja, Kano,…




https://dailytrust.com/naira-scarcity-worsens-as-banks-limit-withdrawals-atms-run-dry/


A banker earlier warned me about this, the pre election cashless policy was child's play compared to what's coming. Printing company hasn't been printing money for months now

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Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by seguno2: 9:10am On Nov 14, 2023
Cassandraloius:
Not again! NIGERIA is already filled with hardship, they should make this money available.

Soon and very soon will we miss Emefiele, just as we have been missing PDP’s widespread prosperity and general welfare of the masses
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by seguno2: 9:11am On Nov 14, 2023
Countersam:
A banker earlier warned me about this, the pre election cashless policy was child's play compared to what's coming. Printing company hasn't been printing money for months now

Quite remarkable that our Yoruba people are in charge of the economy that is going from worse to worse.

1 Like 1 Share

Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by Usmanovic95(m): 9:11am On Nov 14, 2023
Enemyofpeace:
Emefiele of course

Almost six month after been bundled out of that role. Dey play ma niggar grin
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by vincenteger: 9:14am On Nov 14, 2023
seguno2:


How much do you think that you can be sold for, as a part and parcel of our country

Any amount guy.
The amount that would be enough for us all to leave the country for the new owners
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by Houseontherock1: 9:18am On Nov 14, 2023
Tochi3:
I thought Emiefele is in Prison grin grin

..so after blaming Emiefele for naira scarcity while allowing their muslim Master disaster to go chill in Daura...this is what the emilokans have to offer grin grin

Where are those blaming Emiefele...come & see o, your emilokan slave ti lu le o
Emilokan is just following Emefailure's footsteps... Emefailure started this bull crap of naira scarcity
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by DestinyNigga: 9:24am On Nov 14, 2023
We know is the handwork of Peter Obi and Obidents. They are trying to sell our Yorubaland cheesy grin Yoruba Ronu oooooo

Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by peacettw: 9:29am On Nov 14, 2023
DigitalJobs:



Honestly, The Only Way We Can Solve The Pertinent Issues Plaguing The Country is To Focus on Our Respective Problems As Individuals.


These Politicians Are ONLY Concerned About Their Pockets.

Very true and also very sad
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by emmanuelbrown26: 9:58am On Nov 14, 2023
ariesbull:
those Ronuists are just bunch of idiots

Never seen group of fools like them
Ronu crew are just hungry bastards
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by ariesbull: 10:00am On Nov 14, 2023
emmanuelbrown26:

Ronu crew are just hungry bastards
very terrible lots that you can't bank on

1 Like 1 Share

Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by sonofElElyon: 10:05am On Nov 14, 2023
Islie:
Naira scarcity is biting harder across the country as banks have limited cash withdrawals, findings by Daily Trust have shown. Residents of Lagos, Abuja, Kano,…




https://dailytrust.com/naira-scarcity-worsens-as-banks-limit-withdrawals-atms-run-dry/


Stop causing confusion. This must be stale news. Fg has said all old notes remain valid indefinitely
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by fortunez1(m): 10:06am On Nov 14, 2023
vincenteger:
We play too much in this country.
From constant inflation to naira scarcity.

They should just sell the country

Bros the matter tie wrapper
I was asking my self this inflation question.
From Dollar scarcity to naira scarcity
The First country in the world to sell it's money to it's citizens
A country that snake swallowed money
A country that rats chased it's president from office.
A country that when ever a govt institution is under investigation, FIRE from no where will catch the building of the institution no matter how sophisticated the building is.

But yet the citizens wouldn't even enjoy there own labour in peace not minding that our Nigeria is so blessed that we flare the same gas that buy at a very high cost.

Tinubu better performs ,at least build Nigeria the way he built Lagos.
I witnessed what he did in Lagos back then schooling in Lagos. Lagos has maintained the spot of the most developed and performing state than the rest .
Re: Naira Scarcity Worsens As Banks Limit Withdrawals, ATMs Run Dry by dominique(f): 10:09am On Nov 14, 2023
There's no naira scarcity anywhere, people are just no longer taking money to the bank.

People transacting with large volumes of cash are hardly depositing money in banks like before. They prefer to take the cash to POS agents who will give them tips unlike banks who will still remove charges from their deposits. I know of a large gas plant that makes at least 10 million naira daily in sales. In the past, bank marketers used to come and take the sales money to the bank. Now it's pos agents lurking around them to collect cash from their sales.

Pos people have almost completely collected customers from banks, they're now confidently opening shops in front of banks because they know people will rather collect cash from them than to go and queue in front of bank's malfunctioning ATMs which may or may not dispense cash.

The only sure way banks can now get cash is when CBN prints out new currencies those ones too end up in the hands of POS agents once they're dispensed out.

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