₦airaland Forum

We all met religion in the world... Love for humanity should prevail over any form of beliefs

He still does not understand what it means to be a celebrity... I pray and hope he lasts

In your case, the bushmeat has caught the hunter

Since you live under his roof, just look away and hope he pays back. Look for other means to raise money for biz

It is unfortunate, it is what it is ..

tblaze007:
Please my Rottweiler doesn’t bark at strangers.. It just stares at stranger while they pass .. How can I get her to be aggressive

Put her away from seeing strangers for a long time... When it's back, they'll all look like intruders

His works are beautiful

We thank God for her life...

You've been used and dumped... Pick yourself up, brace up and move on!!!

This is a case of mental issue

Time will tell what his future holds at Madrid... I wish him well

essentialone:
https://punchng.com/banks-tighten-forex-access-as-reserves-hit-seven-month-low/

The country’s external reserves hit a seven-month low after falling to $38.57bn as of May 25, 2022, figures obtained from the Central Bank of Nigeria have revealed.

Findings have shown that the continuous decline in the country’s external reserves used to defend the naira value is making the banks tighten access to foreign exchange to travellers and other legitimate users as scarcity bites harder.

According to figures obtained from the CBN on movement in external reserves, the reserves which had been fluctuating for weeks now, experienced its lowest of $39.01bn and $38.39bn on October 10 and 8, 2021 respectively.

Due to scarcity, many banks are extending waiting period to access forex for foreign trips, thereby denying travellers with urgent trips access to apply for Personal Travel Allowance or the Business Travel Allowance requests.

The banks have also been reducing the amount a customer can spend on the cards in dollar terms.

Ecobank Nigeria on Sunday explained its current stand on retail foreign exchange transactions for international school fees, accommodation and upkeep payments as well as PTA/BTA requests.

The Head, Consumer Banking, Korede Demola-Adeniyi, Ecobank said, “Due to current market trends, we require a 30-day window to complete requests for school fees, accommodation, and upkeep.”

He said part of the process involved a review of all documents to ensure compliance with regulatory requirements.

The statement added that “In order to ensure smooth service and allow disbursement of PTA/BTA within the timeline, we request that applications are submitted with the required documentation.”

Access Bank also explained its stand in a mail to its customers on forex needs for international school fees, upkeep payments and PTA/BTA requests.

It stated that, “All requests are reviewed to ensure that they meet regulatory requirements. In addition, due to limited forex availability provided by the Central Bank of Nigeria, we require a 30-day period to fulfil requests for school fees, upkeep and rent payment.

“However, for PTA/BTA, we request that you submit your application 14 days before your proposed travel date to allow disbursement within the timeline.”

First Bank had earlier notified its customers of cut in dollar access in a mail titled, ‘Reduction of naira card cross border rate to $20’.

“Due to current market realities on foreign exchange, we’ve reviewed cross border transaction limits for the Naira Mastercard, Naira Credit Card, our Virtual card and Visa Prepaid Naira card further to $20 monthly. This will take effect on 1 April 2022. Also, International ATM withdrawals will not be allowed with our Naira cards at this time.”

The CBN Governor, Godwin Emefiele, while giving reasons on dwindling reserves at the last Monetary Policy Committee meeting, noted that the gross external reserves declined moderately from $39.28bn at the end of March 2022.

“This was attributed to the weak accretion to the reserves from exports and the high cost of importation of refined petroleum products,” he said.

A past President, Association of National Accountants f Nigeria, Dr Sam Nzekwe, said politicians were mopping up the forex for their campaign.

He said, “Part of the reasons why there is no forex is the activities of the politicians. They cannot carry huge sum of naira to spend for delegates so they have changed all the whole money into dollars.

“You will see that after all the primaries, the dollar will come down. The banks don’t have dollar to give to genuine importers. Also, the speculative activities on forex are not helpful. Nigeria needs to be productive to earn more forex.”

According to him, external and internal volatility are having effects on the forex.

I once wrote a piece on this forus titled: Naira is dying.
https://www.nairaland.com/6562055/naira-dying
The only solution for the common man is to learn how to earn in dollars. It is easier to make 10 dollars every single day, than making 6,000 naira daily.

This is the unfortunate reality of our economy.

Stupid fella... I wonder why a sane person will send nudes in this age and time. Nonetheless, one that you have never met.

He is an international global Yahoo boy

OMOJOHN001:
Before bashing,

Note: I use to settle my parents and siblings on a steady level ooo.

empower her to learn an online business or online side gig and empower to start up. With that, she will be able to handle her needs

DozieMartin:
Dear Nairalanders.

Kindly assist with online business idea, I have the following:
1. Laptop
2. Steady and fast wifi network
3. Constant power supply
4. Printer
5. Digital Camera

My location is Abuja.

Help a brother please!

become a content creator on YouTube

Good she did not die in your house... Naija policemen know how to punish the innocent to extort money, even when they know you are innocent.

13 years and counting... All what started like a religious crisis has grown into an insurgency monster ravaging parts of the Nation. It is well

The fact that he thought of others and was willing to die just to save the multitude has made him stand out.

Old man with no conscience... I wonder the kind of person he was in his youthful days

Terrible to say the least... What will ever work at optimum level in this country?

teekay213:
Hi,

I got a 2bedroom flat because the place is close to me and my wife place of work.we couldn't get a 3bedroom around the area cos that was the one we saw at the time and it was not costly.

But here is the problem I have a 19yrs old boy waiting for admission and a 16yrs old girl in ss3 but I don't know how to allocate the 2 bedroom maybe my wife and I should take one and leave the other room for my son and daughter but my girl is already a lady and she doesn't want to share a room with her brother,,am also thinking my wife should share one room with our daughter while I share the remaining room with my son but what if me and my wife need each other.

Where we relocated from we had 3 bedrooms and everyone had his room but because that was the only apartment near and less costly we had to take it.

If the rooms are big and spacious... Demacate the 2nd room into two for you kids

Very soon, like 1,000 bras will be flying in the air during concerts now... Bra ti takeover

Johnrake69:
Any suggestions will be helpful. Thanks guys.

Coca-cola or Bigi distributorship..

How much euros do you have for sale?

Let's hope he can rejuvenate Pogba's career

... and who cares about his choice ?

I visit Nairaland multiple times in a day... Facebook? Nah! Maybe once in many weeks.

I hope he's innocent.... If he's not, hin own don done.
They should dash him 21yrs in jail