obi58:


You are right but we must start somewhere. Truth be told the banks did not expand their network capacity in anticipation of increased card usage and mobile transfers with the advent of the Cashless policy.

obi58:


You're just a clown.....

The reason for the whole new naira regime is to reduce Nigerian's overdependence on cash.

Abroad people don't move about with much physical cash when 99% of their transactions are paid for by card or transfer.

The demand for cash far exceeds supply that is why banks have difficulty in keeping their ATMs loaded.

It is the same problem with the new notes. Yes there is politics involved in it without a doubt but the fundamentals are the same. Government wants more people to go cashless. Now even if you load 20m in your ATM POS agents are on standby to withdraw all the money. I hear that now they even pay multiple people to go to the ATM and withdraw on their behalf. In addition they also have multiple cards all in a bid to bypass the CBN restrictions. As a result an ATM that could have served 500 people will end up serving just 50 people meanwhile not enough deposits are coming in because people are hoarding their cash either to use themselves or to sell to pos agents who of course will sell at ridiculous rates to Nigerians who no dey hear word. Even major cash depositors like fuel stations are not allowed to go and deposit their monies at the bank at close of business because POS agents are there to buy their cash! Banks thus are put Inbetween a rock and a hard place of limited supply and unlimited demand for cash!

If majority of small businesses start accepting transfers or get a POS for their business payments or get a QR code which a customer can scan and make payment, gradually demand for physical cash will reduce over time and with the reduction in demand, all those stockpiling their cash will release same into circulation.

Things are difficult right now in some areas crazy sef but I believe we are on the right track. Government should allow this scarcity to remain until after election after which they can relax some controls. There should be an expansion of network capacity by banks to accommodate the increased transfers which is sure to occur to ensure more customer buy in, improved service and reduced transfer issues which is the major reason why people distrust transfers.

Finally a task force should be setup to monitor cash pos operators to check their excesses and avoid over exploitation of the people. It's crazy for people to have to pay 1000 or 2000 naira to withdraw 10000 naira!

electhnd:

Is there no bank in that location

Gucciblog:


FBI, CIA,US NAVY, US Marine, DEA, DSS, NPF, NIA, NDLEA. Who else should I tag?

oyin44:
Wasn't up to tinubu own

Tinubu own started from the road not stadium...

The road to the stadium was blocked .by kano people in their millions ..

Tinubu spent almost 3HRS on the road blocked by million Nigerians


Who has ever done that amongst the southern politicians . ...except tinubu

Felimax:
They are mad. They should come and force me to renounce Atiku na. Miscreants!

CeeJeckydivah:


This news is from July. When there was a heavy downpour. Why posting it as recent happenings

theophorus:


Do you know Agege in Lagos? Have you been there before? You think that's pics is a Pic of Agege in Lagos?

Omoapena:
Big lie...
Didn't happen in Lagos

Seun, this is false information, your moderators should try confirm news before sending it to front page.

Better take it off front page before they sue your platform....

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Prosperous111:
Very beautiful and dangerous

This is the only snake species that will escape our nairaland snake masters pot

Apophenia24k:


�
That pointed finger is not Shettima's hand, look again but this time without the urge to blast obituaries...

appliedscience:

My question is will the creation of Conua, hence the migration of members from ASUU to Conua solve the problem?.... Will Conua sooner or later also revolve to revolt against lack of proper funding by government? Ur guess is as good as mine!

Ebubu:
talk is cheap

Sweetplum:
thats why you shouldn't die of hunger. Come boy

esivue007:
It is a lie
Some of our lecturers died for real And it was majorly due to brief illness etc..
One slumped too but he wasn't a lecturer.
Unical lecturers has started dieing even before the start of ASUU strike earlier this yr.

All these ....21 figure na audio figure.
It was done to fully capture the attention of FG and Nigerians @ large.

Sweetplum:
lol. I can feed you

Sweetplum:
you need food? Visit the nearest refuse site and eat to satisfaction.

Kantebets:
this is why you have no sense
Yahoo boys used you completely
Your dad should be pitied cos he has no daughter

Sweetplum:

You are the one that's foolish. I never said you ll arrest those in relationship. Not all biz cheats are arrested. So in relationships, if there's no written law, there's a logical law. Use your sense before you talk

Sweetplum:

Ask Google. If someone cheats you in your biz, will you just say thank you to the person?
Will you feel the pain or enjoy it?
Answer that and see why cheats deserve every pain

Sweetplum:

Logically, someone that's cheated on has the right to not just destroy the cheaters properties but his life.

Sweetplum:

No partner has the right to cheat. If you know you ll be cheating, just don't start with a strong mind.

Sweetplum:

Chief of hypocrisy, I talk and do.