People do not take cash to banks again. There is no excess money to keep in banks. Investment has taken over since Naira has no worth.

Confused CBN. So hungry to cheat the common man with the ploy that they need revenue. Revenue that will not benefit the poor. They want to eat their cake and have it. Now they need cash to fight cash scarcity.

Confused CBN. So hungry to cheat the common man with the ploy of revenue generation. Revenue that will not benefit the poor. They want to eat their cake and have it. Now they need cash to fight cash scarcity.

post=127427977:
Very Good Development.

Slow and steady we will get to the nation of our dreams.
A land flowing with milk and honey.
God bless Nigeria 🇳🇬

When buhari introduce the fee you celebrate, when tinubu remove you celebrating


I know you know how to tell this triballand mods how to ban people


You will get what you deserve before 2024

Fantastic. They should go further.

They should not cancel but rather charge a small few for those who want to make huge cash withdrawals. Many parts of the country still rely on cash transactions.

A fee between 0.5-1% should suffice.

Cashless banking is here to stay.

So much policy inconsistency. Why can't they just think long-term.
Next week another person go come, suspend am again!
Such that you wonder, where they high on palm wine when they issued the policy?

They want to collect the remaining cash in circulation.. greedy people with smart strategy

silvoclaira:
Thats better



Processing charges should also be suspended in all transactions

how much was it?

post=127427977:
Very Good Development.

Slow and steady we will get to the nation of our dreams.
A land flowing with milk and honey.
God bless Nigeria 🇳🇬

please, what is the benefit of this?

How will it reduce the price of commodities in the market?

You dey happy now,no be your darling daddy introduced am ehh.guy you confused but no one to tell you... seek for help

post=127427977:
Very Good Development.

Slow and steady we will get to the nation of our dreams.
A land flowing with milk and honey.
God bless Nigeria 🇳🇬

post=127427977:
Very Good Development.

Slow and steady we will get to the nation of our dreams.
A land flowing with milk and honey.
God bless Nigeria 🇳🇬

Bro it is not good, the government is going to increase rates that is the indication, so they want to make it cheap to send huge cash deposits in to the banks, but really that is leaving substance and chasing shadows. The real issue here is that there is no fiscal discipline on the part of the politicians. Who are those with stacked naira bills in their homes? is it not politicians? why is it that the government has no will to chase them?

dondodo:
Igbos are pained right now

this is how you know a kid raised from a wrecked broken home hahaha

This goes to confirm the rumour of an incoming Naira scarcity.

Very welcome idea. I once transferred 50m from my account in a bank to my account in a different bank and was surprised to see a deduction of 50k as processing fee.

When I went to complain they said its processing fee. I was gutted

post=127427977:
Very Good Development.

Slow and steady we will get to the nation of our dreams.
A land flowing with milk and honey.
God bless Nigeria 🇳🇬

after 63 year's of independent

yoniehuin:
the government is trying to mob out money from the system

once you deposit large amount of money, you cant withdraw large amount again.

the only means of sending large amount of money is through your banking apps, in the next 3-6 years, 70% of transactions will be carried out online

Is a big lie what you just analyzed.

Chetas81:
after 63 year's of independent

And so. Nigeria wil be great in my lifetime by God's grace.

Why was it added in the first place

Antoeni:
Mumu CBN, OPAY is Far BetterThan CBN and Other Nigeria Commercial Banks

The bolded have them a ring for their money.

dondodo:
Igbos are pained right now

I guess Mama just told you that the Igbo man you have been calling Uncle is actually your Dad. On second thought no Igbo man upspring would have grown up like you that I am sure of

This una front and back policies nawa o

Some of emefiele's policies was favouring the banks.

Jbleenk:
Very welcome idea. I once transferred 50m from my account in a bank to my account in a different bank and was surprised to see a deduction of 50k as processing fee.

When I went to complain they said its processing fee. I was gutted

yours is better,mine was 200k.

Cash that they will deposit and later when they come to collect, long story go enter the mata.

post=127427977:
Very Good Development.

Slow and steady we will get to the nation of our dreams.
A land flowing with milk and honey.
God bless Nigeria 🇳🇬

Hopefully.

dondodo:
Igbos are pained right now

E be like Sey Igbo man fck your mama raw

OkayDaddy:


This policy favours Igbo traders. They mostly handle large volumes of cash.
Then, in Northern markets too, cash is king

It’s obvious the writer is not well informed

post=127427977:
Very Good Development.

Slow and steady we will get to the nation of our dreams.
A land flowing with milk and honey.
God bless Nigeria 🇳🇬

Your head dey pain you

yoniehuin:
the government is trying to mob out money from the system

once you deposit large amount of money, you cant withdraw large amount again.

the only means of sending large amount of money is through your banking apps, in the next 3-6 years, 70% of transactions will be carried out online

This is true

Tinubu will reintroduce a system that will be more costly twenty times than the previous one, enjoy it while it last.