₦airaland Forum

essentialone:
AIICO Insurance payment date was 30th May, 2022 but I was just paid now.

Thanks..
I understand now

essentialone:
2022

Maybe you weren't paid when others received. pls was the payment date scheduled on the day you received it? Please kindly reply cos I want check something. Thanks

essentialone:
AIICO dividend just received...

which Year, biko

Please what is the current UBA /$ rate

Mpeace:
Call them. They fo take calls.

please do you have their contact numbers

please someone should help me tell Morgan Capital to respond to their emails. I have sent mail since last week but no response up till now

*PRESS REMARKS BY GOVERNOR GODWIN EMEFIELE ON
ISSUANCE OF NEW NAIRA BANKNOTES*

Good afternoon Ladies and Gentlemen, and welcome
to this special press briefing of the Bank. We have called
this gathering to inform relevant stakeholders and the
general public of persisting concerns we are facing with
the management of our current series of banknotes, and
currency in circulation, particularly those outside the
banking system in Nigeria.
As you all may be aware, currency management is a
key function of the Central Bank of Nigeria, as enshrined
in Section 2 (b) of the CBN Act 2007. Indeed, the integrity
of a local legal tender, the efficiency of its supply, as well
as its efficacy in the conduct of monetary policy are some
of the hallmarks of a great Central Bank.

In recent times, however, currency management has
faced several daunting challenges that have continued to
grow in scale and sophistication with attendant and
unintended consequences for the integrity of both the CBN
and the country. These challenges primarily include:
▪ Significant hoarding of banknotes by members of
the public, with statistics showing that over 80
percent of currency in circulation are outside the
vaults of commercial banks;
▪ Worsening shortage of clean and fit banknotes
with attendant negative perception of the CBN
and increased risk to financial stability;
▪ Increasing ease and risk of counterfeiting
evidenced by several security reports.
Indeed, recent development in photographic
technology and advancements in printing devices have
made counterfeiting relatively easier. In recent years, the
CBN has recorded significantly higher rates of counterfeiting especially at the higher denominations of
N500 and N1,000 banknotes.
Although global best practice is for central banks to
redesign, produce and circulate new local legal tender
every 5–8 years, the Naira has not been redesigned in the
last 20 years.
On the basis of these trends, problems, and facts,
and in line with Sections 19, Subsections a and b of the
CBN Act 2007, the Management of the CBN sought and
obtained the approval of President Muhammadu Buhari to
redesign, produce, and circulate new series of banknotes
at N100, N200, N500, and N1,000 levels.
In line with this approval, we have finalized
arrangements for the new currency to begin circulation
from December 15, 2022. The new and existing
currencies shall remain legal tender and circulate together until January 31, 2023 when the existing currencies shall
seize to be legal tender.
Accordingly, all Deposit Money Banks currently
holding the existing denominations of the currency may
begin returning these notes back to the CBN effective
immediately. The newly designed currency will be
released to the banks in the order of First-come-Firstserve basis.
Customers of banks are enjoined to begin paying into
their bank accounts the existing currency to enable them
withdraw the new banknotes once circulation begins in
mid-December 2022. All banks are therefore expected to
keep open, their currency processing centers from
Monday to Saturday so as to accommodate all cash that
will be returned by their customers.

For the purpose of this transition from existing to new
notes, bank charges for cash deposits are hereby
suspended with immediate effect. Therefore, DMBs are to
note that no bank customer shall bear any charges for
cash returned/paid into their accounts.
Members of the public are to please note that the
present notes remain legal tender and should not be
rejected as a means of exchange for purchase of goods
and services.
We would like to use this opportunity to reassure the
general public that the CBN would continue to monitor
both the financial system in particular, and the economy in
general, and always act in good faith for the achievement
of the Bank’s objectives and the betterment of the
country.
I thank you for listening.

Godwin Emefelie
Governor

*PRESS REMARKS BY GOVERNOR GODWIN EMEFIELE ON
ISSUANCE OF NEW NAIRA BANKNOTES*

Good afternoon Ladies and Gentlemen, and welcome
to this special press briefing of the Bank. We have called
this gathering to inform relevant stakeholders and the
general public of persisting concerns we are facing with
the management of our current series of banknotes, and
currency in circulation, particularly those outside the
banking system in Nigeria.
As you all may be aware, currency management is a
key function of the Central Bank of Nigeria, as enshrined
in Section 2 (b) of the CBN Act 2007. Indeed, the integrity
of a local legal tender, the efficiency of its supply, as well
as its efficacy in the conduct of monetary policy are some
of the hallmarks of a great Central Bank.

In recent times, however, currency management has
faced several daunting challenges that have continued to
grow in scale and sophistication with attendant and
unintended consequences for the integrity of both the CBN
and the country. These challenges primarily include:
▪ Significant hoarding of banknotes by members of
the public, with statistics showing that over 80
percent of currency in circulation are outside the
vaults of commercial banks;
▪ Worsening shortage of clean and fit banknotes
with attendant negative perception of the CBN
and increased risk to financial stability;
▪ Increasing ease and risk of counterfeiting
evidenced by several security reports.
Indeed, recent development in photographic
technology and advancements in printing devices have
made counterfeiting relatively easier. In recent years, the
CBN has recorded significantly higher rates of counterfeiting especially at the higher denominations of
N500 and N1,000 banknotes.
Although global best practice is for central banks to
redesign, produce and circulate new local legal tender
every 5–8 years, the Naira has not been redesigned in the
last 20 years.
On the basis of these trends, problems, and facts,
and in line with Sections 19, Subsections a and b of the
CBN Act 2007, the Management of the CBN sought and
obtained the approval of President Muhammadu Buhari to
redesign, produce, and circulate new series of banknotes
at N100, N200, N500, and N1,000 levels.
In line with this approval, we have finalized
arrangements for the new currency to begin circulation
from December 15, 2022. The new and existing
currencies shall remain legal tender and circulate together until January 31, 2023 when the existing currencies shall
seize to be legal tender.
Accordingly, all Deposit Money Banks currently
holding the existing denominations of the currency may
begin returning these notes back to the CBN effective
immediately. The newly designed currency will be
released to the banks in the order of First-come-Firstserve basis.
Customers of banks are enjoined to begin paying into
their bank accounts the existing currency to enable them
withdraw the new banknotes once circulation begins in
mid-December 2022. All banks are therefore expected to
keep open, their currency processing centers from
Monday to Saturday so as to accommodate all cash that
will be returned by their customers.

For the purpose of this transition from existing to new
notes, bank charges for cash deposits are hereby
suspended with immediate effect. Therefore, DMBs are to
note that no bank customer shall bear any charges for
cash returned/paid into their accounts.
Members of the public are to please note that the
present notes remain legal tender and should not be
rejected as a means of exchange for purchase of goods
and services.
We would like to use this opportunity to reassure the
general public that the CBN would continue to monitor
both the financial system in particular, and the economy in
general, and always act in good faith for the achievement
of the Bank’s objectives and the betterment of the
country.
I thank you for listening.

Godwin Emefelie
Governor

... copied......

yMcy56:
Renewed interest in UCAP..... Trading at day's high today already.......12.45....Up with +N1.10... Any positive news Oga mi?

am even surprise ooo. Yesterday it didn't move up like today jump to 12.45

maballack:
Only banks operating that I know of and they are all on 20$ limit.
GTB
UBA
Zenith.

all tested by me.

Pls UBA current rate?

yMcy56:
With a Dividend yield of 15.63% @N1.60....
Whosoever will mistakingly see Mansard at N1.50 and didn't buy, is definitely not interested in Insurance sector or has fund issues.

Cc: Edwardaigb

please what can you say about Mansard and Custodian

ositadima1:
20 region seems to be support for both GTCO and ZENITH. All things being equal, any further deep should prompt a buy, i think so.

I am planning on selling wapco and dangcem so i can buy zenith...

chai ...
I have been asking myself WHY has Zee refuse to below 20

is NG****E via Speedaf still handed over to Nipost for delivery?

bennyflipy:
Please is it advisable to sell my MTN shares I bought last December, the price as been falling like wetin I no know

In stock market, anything that goes up must come down.
#Hold
#AddMoreIfYouCan
#ItYourDecision

yMcy56:
You don't want to tell us what you know...

Was curious to know what's going on and the likely news, checked few of my past posts on JAPAUL and I found one or two factors that are likely responsible for this price appreciation........but wont mention it if you don't talk too...
Though my speculations may be wrong o.

CHAMS also not doing badly in market....

Mbok gist me small

earthrealm:
Mine arrived, oneplus 5 phone battery. Another huawei mate 9 pro battery. seller concealed and shipped it as hdd . Srller na pro

which store

machine606:
Trapped in Lasco and Masard. Lasco over a year now. And no dividend this year.

Lasaco hasn't release their FYE yet.
it's always around August and September if my memory serves me well

PETERiCHY:
Federal GOVT is BROKE!
EXCESS CRUDE ACCOUNT depleted.
EXTERNAL DEBT risen astronomically!
USD is now N730 heading to N1000.
Nigeria ECONOMY towing the Venezuela WAY!
Meanwhile some are busy talking about cooked financial prints
PEOPLE PERISH DUE TO LACK OF KNOWLEDGE

Hmmmm... the same you will come back and be like... "Bargain Hunters take Note"...

Uba @492.79... moving up

earthrealm:
Everywhere don red.
31usd spent on gt bank this month, tried 35usd purchase ytday, insufficient funds error popped up.

Standard chartered bank, hvnt spent anything this month, tried a 35usd payment, same error msg.

Wch cards are presently going?

SC work for me.. but @507.
so check your balance n see if you have enough with the rate

gewise7:
how much?

just $4

I got my new SC Visa Gold Debit card, trying to make payment but am getting payment decline.
How did you use guys your SC card?
AE hasn't ask for appeal

gewise7:
Finally, standard chartered have suspended international spending on debit card.

Nawa oo

It will be suspended from August 1st 2022.
Soon we can patronised AE anymore

Zee @20.75.. chai... go low low low Buga oh!

megatran:
Hi guys. I can't understand why I can't track this item. It has been close to two weeks since it shipped and I have been stuck with this tracking unavailable to be updated soon. Do I have to wait till July 27th and forget about the tracking unavailability?

Enyin Uyo Nnyin....
chat the seller n ask why no updates on the tracking

To whom it may concern...
It is already well with me and you can never ever in your generation be compare to me!
Stop been in a hurry to call someone a name!
Ino ke afo ado nko!!!!!!!!

ConfirmBlog:
Hello Everyone,

This 11:11 Global Sale Festival,
who has ever purchase a phone during the period?

Are things really cheap or na sakamaje?

does the wait really worth it?

awaiting your inputs.

Don't bother much about it.
The price you see now is the same price you will see during the sales after the have increased it then slash to the price you are seeing now

Entanglement:
oga don't support evil?
What he is trying to point out is the mindset and ideology of a theif, making him a theif himself
Put yourself in that seller situation, he is just trying to sell his goods and services to have his daily income of survival.

We know our country got issues but things like this you oat to return it and stop claiming smart.

Oga, when and how did I support him?
or is it bad for me to tell you not to attach a bad name to him!
Your reasoning is so damn low.
Get lost

WaytoGo:
So, how did you solve the issue?

you can give the seller an extension but be very vigilant to hit the dispute button if you still didn't receive it after the extension

Entanglement:
is like theif full your family

Dey justify evil! People like you dey give this country bad names all in the name of poverty

Situation like this once you fill your dispute and get a refund, and you later received that product, kindly talk with the seller to give him back his money.

Don't Justify evil

Just looking at your picture alone, you really resemble theif

Oga, you just successfully pass on your message....
but why calling him "theif"

WaytoGo:
Ok, guys,
I think I need to throw more light into this, exactly what happened and all ;

The dispute at hand isn't already up to 75 days but 66/67 days and why I had to open the dispute is cos I found when I had up to 10/11 left to open a dispute for a refund somebody, maybe the seller or Aliexpress( I honestly don't know) had added about 3 weeks more, asked the seller he said he knew nothing about it.


This took me by surprise so I opt for a dispute with' Returned, Cancelled, lost at customs this I did cos I felt somebody was playing a prank on me and I had to put somebody on his toes to air my grievance and make a statement.


Now, the seller has twice proposed that I should cancel the dispute and give him two more weeks of which I had just 7 days or left to reach 75 days.

According to him, (which I refuse to agree with and I am quite convinced that the package is lost), the package is still on the way and not lost.

Here, according to him ;



But the tracking, from my end here states, screenshot below :

Please, guys, I need your input in this complex matter as I have few hours left to make a choice ;

*Should give him the 3 weeks?
*Who extended the time beyond 75days( I am curious).

Help!

your package has arrived Nigeria..
but lost via transit in getting to you.
take it from me.
I have use this logistics before n have been receiving but one particular didn't receive.

Coochieking:
Who is using UBA to buy stuff from aliexpress?
Do they have the usual 20$ bank limits as others?

Yes... but I haven't try above $20