₦airaland Forum

tsephanyah:
Fake news.

Biafra or dead.

no zoo election in Biafra

Will you shut up. Ejit. 😒

Like Atiku, like Okowa

Y ah. Here she is

Goodness me!!

Used to remember her posts. Never knew she was late.

lexy2014:
Ok...so you want buy yam from aboki, you will use transfer. You want to enter okada of 100naira, you will use transfer. Is it transfer kids will use to buy snacks in school?

These are the kinds of things cash should be reserved for. Problem is those with established business, even in major towns, still insist on cash.

Was at a hotel recently whose cheapest room was 6k and they were still insisting on cash only. Got so irritated and told them clearly they were the ones compounding the scarcity.

Peterobi90:
Most of those big shops usually use transfers or POS even before the policy.. the network would definitely be overloaded due surge in users, overtime it would become better.. had same issue previously, now its seamless..

Lol. Been seeing your responses. You dey try.

Truth is what some folks what is total cancellation of the policy which I hope cbn does not yield to.

For instance will surprise people trying to withdraw hundreds of thousands, even millions, in cash, for 'business'. And if you ask why not transfer or Pos, they always claim "network".

Yes there have been network challenges, but I believe most have been rectified. Since yesterday I have made numerous transfers with almost no hitches. I think it's just Zenith that still has problems.

If people, at least in urban areas, withdraw just for basic needs (market seller, okada, etc), usually below 5-10k, and then use e-platforms for larger sums, I dare say we won't have all these crisis of shortage. . 🥺

Finestgurlie:
Tinubu will never be President
mark my words
if you like cry kpaaa kpaaaa

What of kpoooo kpoooo?? 🤪🤪

CheapHomes1:
How is the policy a timely one and how it would help address some of the issues we have been facing? What are those issues we have been facing that cashless policy will address?

Is it the job of cbn to curb kidnappings?

Seriously? What does it matter whose job it is? Any move to tackle the security issue is welcomed

I think we all largely agree the policy was a timely one and would help address some of the issues we have been facing.

For instance the era of kidnappers demanding ridiculous sums (tens, sometimes 100s of millions in cash) hopefully would be over.

The major problem has been the speed of implementation which many agree makes no sense and is only overburdening the system.

The network glitches for instance have been attributed to the unprecedented upsurge in online transaction and demand for POS. The obvious question is, shouldn't CBN have foreseen this?

The best way would have been to roll out in phases, perhaps starting with the big cities before extending to other parts

I keep saying it's easy for CBN to go after the saboteurs. They know how much banks have collected and how much they have dispensed.

seyisanya:
Hi Everyone,

I tried logging in to my InvestNow (UCAP) account on my laptop (not the app) and realized the InvestNow homepage has changed. The main concern is that I am unable to log in. It says my account does not exist and when I attempted a password reset, it says my email did not exist. Anyone in a similar situation?

Thanks!

Same here, though I didn't log in. I was actually afraid the site was perhaps compromised

Flier:
I paid 10,000naira to get 120,000 few mins ago and i am sure many will soon come here to testify

So why not just transfer the money and save yourself the stress??

WHITELIGHTER:
And I was telling someone that the problem isn't CBN but Banks and ourselves. Banks are selling the new notes, simple

True 🥺

Bizibi:
I have been seeing lotus bank in wuse 2

Yeah noticed too. Almost 24hours nonstop. But the crowd no be small ooo

Goalnaldo:
Can someone tell me why my new Uba debit card is telling me "can't use this card in this bank" when I went to access, zenith and unity bank ATM?

Have you activated it first at UBA ATM?

Lotus in AP plaza Wuse 2 has also been dispensing steadily. Are they Islamic as well?

Wilson2013:
This man, Osinbajo seems to know virtually everything. I wonder why APC rigged him out at the primary. This is a national loss

Just sad 🥺

OriOko88:
Na baba himself dey scuttle his election chances through his provocative and unguarded statements. Baba no get better managers as PR. Hes just throwing tantrums everywhere,like someone seeking revenge.
Iranu

Well you can't blame him. Hes likely sensing well orchestrated, perhaps presidency-backed, plans to frustrate him. So has to cry out. 🥺

buhariguy:
have you see the new naira note? Just 5 days to deadline.
I don't know how idiotic pigs do reason

Yes naa. I have seen it.

Abi1985:
Buhari have the presidential power to fire CBn man and extend the date for new notes. But as usual he sit down and pretend he does not know.

Abeg leave matter. CBN is acting without the full support of PMB.

heck PMB might be the one directed Emefiele to enact the policy in first place

chatinent:
Tinubu and Buhari aren't aligning.

Believe.

Of course naa. As clear as blue sky.

afbstrategies:
I knew Tinubu will walk into this trap.

Who was the trap meant for in first place?? 🤣🤣

uba1991:
Why is it that when ever Tinubu want to insult Buhari he must go to Ogun state?
All northerners should know that Tinubu is talking directly to Buhari and Tinubu is planning to frustrate the northerners, any northerner that vote for Tinubu should know that he vote to surfer.

Lol. Just as PMB is planning to frustrate Tinubu. You think the naira redesign doesn't have the blessings of PMB? He's well aware that the Bullion carrying Jagbagan will be affected. 🤑

letristian:
What baffles me is the effrontery and pressure that urchins are applying in shoving this man down the throats of Nigerians

Honestly the thing tire me.

I truly doubt the sanity of these people

Alusiizizi:
Well, the main market of these virtual cards are people who need to conceal their identities, be it for bypassing institutional restrictions(i.e. PayPal) or more sinister purposes(i.e. scam), additionally, the activities of most of these virtual card operators is illegal in their jurisdiction(i.e. money laundering and such). What that often means is that the operators of these virtual cards are often "fly-by-night" sort of characters. In principle your money can disappear unexpectedly and there would be nothing that anyone can do to help. The trick is to only deposit into virtual cards if you are going to use the funds at that instant, and only small amounts at that.

Hmm. I see thanks

Alusiizizi:
Virtual cards are inherently risky. If you must use a virtual card then never deposit amounts that you cannot afford to loose.

Risky in what sense? You loose all the money in the card? Have you had any experience? Pls share

Cus am about to get one

Having your fingers caught in the car door when it's slammed shut.

Meeen that pain is simply unimaginable

No big deal. I even cook and serve her.

Are these truly soldiers? They look more like Ajebo children who were given military kit and gear to pose with. . .

Wapgod:
What's returning 18%?

The yield on their fund. However it tends to fluctuate and currently down to about 12%