₦airaland Forum

shakuroau:
With the present forex policy and parallel market rate, I patiently awaits the latest price of building materials......

On Monday you get the update.

At this point cashless policy will have to also affect the Forex at it equivalent. To futher safe the Naira. I think this will be ok for the country Nigeria.

At this point cashless policy will have to also affect the Forex at it equivalent. To futher safe the Naira.

skimanski:
Round up Brick works before Lintel for Flat Unit

Any reason why you maintain the lintel level at the upper floor, why plan chain lintel you contradict your position on the ground floor..

Blackmarketers will be on the rush to sell out then will go after CBN dollar hoard it so that they will still be in control of the market. Until blackmarket is scrap no hope for the naira.

The Central Bank of Nigeria on Thursday announced the reintroduction of bank charges on certain categories of cash deposits and withdrawals .

This came about three years after the apex bank stopped the charges .
In a circular to all Deposit Money Banks posted on its website, the regulator said the decision to reintroduce the charges on cash deposits was part of the review of charges on deposits and withdrawals under the cashless policy.
It said the decision was taken at the Bankers ’ Committee meeting , which held in Abuja two weeks ago .

The circular, signed by the Director , Banking and Payments System Department , CBN, Mr . Dipo Fatokun , stated that the committee decided that the cashless policy should be extended to the remaining 30 states of the federation.

Its also directed that with effect from April 1 , 2017 , banks in the states where the cashless policy was already operating , Lagos , Ogun, Anambra , Abia , Kano , Rivers and the Federal Capital Territory , *would begin to impose charges on deposits and withdrawals above N500 , 000.

Banks will from that date begin to charge individuals 1 . 5 per cent and two per cent for deposits and withdrawals between N 500 , 000 and N1 m.

According to the circular, individuals depositing or withdrawing between N1 m and N5 m will be charged two per cent and three per cent , respectively.

For amounts above N 5 m, banks will charge such individuals three per cent and 7 . 5 per cent for deposits and withdrawals , respectively.

With regard to corporate customers , the CBN stated that deposits and withdrawals under N 3 m would not attract any charge , but that such customers depositing or withdrawing between N3 m and N 10 m would be charged two per cent and five per cent, respectively.

Also for deposits and withdrawals between N10 m and N40 m , customers will be charged three per cent and 7 . 5 per cent , respectively. Deposits or withdrawals above N 40 m by corporate customers will attract a charge of five per cent and 10 per cent, respectively.

According to the CBN , the new policy on charges will be implemented in selected states on May 1 and August 1 , this year ; while the total implementation will be concluded on October 1 .

The regulator noted that the committee agreed that income generated from the processing fees above the allowable cash limits would be shared between it and the banks in the ratio of 40 :60.

However , the CBN said that existing exemptions to the policy such as revenue generating agencies of the federal , state and local governments ( for lodgements ) will be sustained . Also exempt from the processing fees are embassies , diplomatic missions , multilateral and aid agencies .

The CBN directed lenders to train their employees to enlighten customers on the new policy .


http://punchng.com/cbn-reintroduces-charges-cash-deposits-withdrawals/

darenyx:
,...

Oga should i forget about it? just tell me

skimanski:
We are all still learning. Please educate me sir on what it does structurally to the building.

1. The building was not build in a form structure format, block was set before beams and columns was casted.
2. The lintel was a chain type at parameter breaking it makes it loose its purpose.

Am not criticizing but an observation.

skimanski:
Still increasing the Height of our Main Area windows. Some stressful breaking was done.

Increasing above lintel level is not a structural sense, while not below.

dejavus:
Is this for real? Wasn't this cement like 2,400 last week? What will it takes for the people to revolt in this darn contraption called Nigeria?

I am losing the will to live and my stomach turns.

Pallet price is N2,650-2,700. The good thing about cement price is you get information earlier than when the price will increase, where i get crazy is on iron rod they increase price unannounced. If u buy @ a rate now in the next couple of minutes another increase like 10k above is this not madness...?

Dangote Cement 600-900 @N2,550/bag, 300bags @N2,600/bag.
Lafarge(Elephant) Cement 600-800 @N2,500/bag, 300bags @N2,550/bag

Order now: 08055545355

Today Dangote Cement 600-900 @N2,550/bag, 300bags @2,600/bag. Lafarge(Elephant) Cement 600-800 @N2,500/bag, 300bags @N2,550/bag

Should i be hopeful...?

FastShipping:
Nigeria is finished!

Jonathan messed it up and Buhari has no solution to this mess. Building materials cost is through the roof.

Bros you on point, GEJ Oba looted Government.

back2sender:
The cabal, cement distributors, Steel rods, manufacturers should go an eat thier PRODUCT.
Nigerians should boycott thier product and see who will lose. Boycott is also a negotiation strategy and Nigerians should start acting it now.
This alarm on increase is a strategy by these set of people to create panic and reap from it.
I will be watching for now the market and not be in n hurry to act,. This is the stage i am guys on my build.
Thanks all for your constructive comments in this thread very helpful

Throughout the Federation we have only 7players that determine the prices of iron rod we call them G7 thay determine production, scarcity, sales price. The Cement player are still more friendly, Dangote is the price determinant.

Granite miners may increase price of Granite products on monday...
God help us... Which way Nigeria?

Local steel rod hit N270,000/ton Pulkit & Tiger @N290,000/ton

adebisola:
Please can I get someone to supply me bamboo of the description below;

Container: 40ft
Diameter: 4 - 13
Length: 6m

Location

Tritri:
16mm 5100
12mm 3000
cement 2700.


Where are we going nigera? Am quittin this building for good ..cant develop HBP at a young age.very painful to leave this building uncompleted.

Just build to a stage you will require no repairs when you wish to continue. Better for you. Information getting to me now is that by monday all major distributors of Cement & the cabal in the steel rod will lock down purchase.

Tritri:
Does anyone has an idea where stone dust block are sold and price please?

Where is your location as at today is 250-300

spyder880:
Are they planning to increase the price of cement again?

As it is said... A bag 2,700 or more from today.

Price of Cement hit N2700/bag Iron rod hit N290,000/ton

Keep it up... God bless your hustle. Congrats

Is this possible...?

Hurry now Cement price going up again by N50 may sell for 2,550-2,600/bag

STEEL ROD Local 12&16mm @N245,000 Local 10mm @N250,000 Tiger @N260,000/ton Pulkit@N260,000/ton
CEMENT Dangote 900 & 600 @N2300/bag Dangote 300 @N2,350/bag Lafarge 800 & 600 @2250/bag Lafarge 300 @N2,300/bag
HURRY WHILE STOCK LAST

STEEL ROD Local 12&16mm @N245,000 Local 10mm @N250,000 Tiger @N260,000/ton Pulkit@N260,000/ton
CEMENT Dangote 900 & 600 @N2300/bag Dangote 300 @N2,350/bag Lafarge 800 & 600 @2250/bag Lafarge 300 @N2,300/bag
HURRY WHILE STOCK LAST