Are you a new or existing agent in the PoS business in Nigeria and worried about the effects of the CBN limit of Withdrawals on your business.

Nothing to worry about, Please chat with us on WApp 08094310145, we have a solution for you.

Regards.

May God grant him eternal rest.

God bless Nigeria.

thebosstrevor1:
Most POS operators are concerned about the new CBN cashless policy, I personally think they shouldn't stress themselves and I think the new CBN policy is a good one for them.

Since a cashless policy is the primary goal of the CBN, if you are a pos operator, you can use this to your advantage, now that the government is encouraging a cashless system that means more business will come your way.

for instance, if someone wants to pay his children's school fees, that person can walk to any POS operator and do that, and you will be able to charge your usual transaction fee

if someone wants to pay for goods and they are far away from an atm or bank, they can now use your POS services to do that transaction

if someone wants to transfer money from their atm to their family member in another location, then it is easy for them to use your POS

people that want to receive cash can also use your POS service, they will transfer the money they need to your account and you give them cash while you take your commission

The CBN cashless policy will bring more customers to your POS Business, now people will be able to pay for anything through POS and you will cashout, you will get more customers than ever before.

Anyway, just see the big picture, fantasize, dream and think of how much money you will make from CBN cashless policy.

Question remains, how do you get back cash after receiving all the transfers and parting with your cash? Remember there is an abysmally low limit on the amount of cash you can now withdraw across the counter or via an ATM. The directive takes effect on Monday, January 9, 2023 anyway, let's hope the CBN gives another consideration before then.

Donjazet2:
Obidients should make sure other nairalanders see this so that other nairalanders would know the information propaganda war being wrought upon them.

God bless Nigeria.

Anonymoususher:
Buhari is the downfall of Tinubu.

The man is doing everything possible to frustrate Tinubu's chances of buying votes. He saw how Tinubu brought out bullion vans of cash to buy voted for him in 2019 and he doesn't want that.

First he signed electoral act and approved used of BVAS for election, Tinubu has been crying since then because it reduced his chances of rigging the election.

Next he introduced Naira redesigned which limits their vote buying power, he didn't stop at that he gave a very short deadline which prevents them from quickly changing enough old notes and now he has put a cap on daily withdrawal.

Buhari is Tinubu's kryptonite. He meant well for Nigeria but the cabals and the people that sponsored him hijacked his government. Now he has done two terms and has nothing to lose, now is the time to hand over Nigeria to the people but I am surprised that Tinubu is still parading himself as the president and not seeing the handwriting on the wall.

The game has changed. His only alternative now will be the use of violence and intimidation to keep opposition voters in doors

It is well with Nigeria. We would get to the promised land someday.

nlfpmod:
CENTRAL BANK OF NIGERIA
Banking Supervision Department Central Business District

December 6, 2022
BSD/DIR/PUB/LAB/015/069

Letter to All Deposit Money Banks (DMBS) and Other Financial Institutions (Payment Service Banks (PSBs), Primary Mortgage Banks (PMBs) and Microfinance Banks (MFBs)

NAIRA REDESIGN POLICY — REVISED CASH WITHDRAWAL LIMITS

Further to the launch of the redesigned Naira notes by the President of the Federal Republic of Nigeria, on Wednesday, November 23, 2022 and in line with the Cash-less policy of the CBN, all deposit money banks (DMBs) and other financial institutions (0F1s) are hereby directed to note and comply with the following:

1. The maximum cash withdrawal over the counter (OTC) by individuals and corporate organizations per week shall henceforth be N100.000 and N500,000 respectively.

Withdrawals above these limits shall attract processing fees of 5% and 10%, respectively.

2 Third party cheques above N50,000 shall not be eligible for payment over the counter, while extant limits of 110,000.000 on clearing cheques still subsist.

3. The maximum cash withdrawal per week via Automated Teller Machine (ATM) shall be N100.000 subject to a maximum of N20,000 cash withdrawal per day.

4 Only denominations of N200 and below shall be loaded into the ATMs.

5 The maximum cash withdrawal via point of sale (PoS) terminal shall be N20.000 daily.

6. In compelling circumstances, not exceeding once a month, where cash withdrawals above the prescribed limits is required for legitimate purposes, such cash withdrawals shall not exceed 15,000,000.00 and 110,000.000.00 for individuals and corporate organisations. respectively, and shall be subject to the referenced processing fees in (1) above, in addition to enhanced due diligence and further information requirements.

a. Valid means of identification of the payee (National ID, International Passport, Driver's License).

b. Bank Verification Number (BVN) of the payee.

c. Notarized customer declaration of the purpose for the cash withdrawal.

d. Senior management approval for the withdrawal by the Managing Director of the drawee, where applicable.

e. Approval in writing by the MD/CEO of the bark authorising the withdrawal.

Please further note the following: i. Monthly returns on cash withdrawal transactions above the specified limits should be rendered to the Banking Supervision Department. Compliance with extant AML/CFT regulations relating to KYC, ongoing customer due diligence and suspicious transaction reporting etc. is required in all circumstances. Customers should be encouraged to use alternative channels (internet banking, mobile banking apps, USSD, cards/POS. eNaira, etc.) to conduct their banking transactions.
Finally, please note that aiding and abetting the circumvention of this policy will attract severe sanctions.

The above regulatory directives take effect nationwide from January 9, 2023.

Please be guided accordingly.

HARUNA B. MUSTAFA
DIRECTOR OF BANKING SUPERVISION

Wow. This is not good news for we in the PoS business.

zed7:
I always tell people that japa is not for the poor. It's the middle class that can actually afford to relocate. Right now it's all about herd mentality. Many are like a bull going to the slaughter house. No concrete plan.

I actually wish them goodluck. They will sweat and grind for every penny. Nothing is given freely.

Whilst I know the country failed them, I also know that this is second slavery. The West don't need guns and mirrors anymore, they just need to dangle visas and tweak their policies a little and our best hands will run and go slaving for them, whilst their citizens idle away and enjoy the fruit of our peoples hardwork. Just like the days of old.

The West got this advanced with the sweat of Africans and other less developed nations. They're still doing same till date. It's pathetic.

Interesting...

QuinModah:
Last Friday, I hugged one of my most impressive colleagues goodbye. He turned away, sobbing. I turned away with voice quaking, realizing what a big loss he would be.

Later that evening, I had another get-together with a second friend who relocates this week. While discussing his massive expense, he suddenly slouched in his chair, stressfully squeezed the empty ragolis bottle in his hands and concluded:

"Oremi, this relocation has cost me almost everything"
"You don’t want to know!" He further sighed "You don’t."

Today, with the help and data from three (3) relocating friends, I compile the rough cost (below) for prospective relocating families (focus on UK) and a poem for my friend and Nigeria:

Cost of Japa from Nigeria for a family of 4= 180k
Renewal of Passport
Official rate 22k
Accelerated rate 45k
Some pay as high as 75k

Transcript 75k
Usually, one parent is a student
30-45k for school runs
25-30k to send

Estimated Tuition fee deposit
11,000-18,000-pound sterling
4.5m most schools want 50% deposit

Proof of fund (In deposit)
Family of 4 need 25m in deposited in an accoun 2-3 months

UK Visa 1.4m
Family of 4 pay 475-pound sterling

NHF
Family of 4 pay 875-pound sterling

Flight ticket 2.8m
Depending on booking
700k person x4
Some have booked as high as 1.2m

Arrival Accommodation 4.4m
1st Month shortlet 200-pound sterling per week
refundable deposit of 250 pound
First 6 months at 750 pounds

Total Cost 19m for family of four to UK not Canada or US. It can be cheaper or more

Oremi, I hope we meet again,
as you japa to find fresh grain,
to return if Nigeria again reigns?
God, will any leader ever end this drain?
But prayers will be in vain,
if in 2023, unwisely we vote again.

God bless everyone who has relocated. God bless everyone staying behind. God bless #Nigeria.

God bless you.

God bless Nigeria.

Familyplug:
A 50-YEAR-OLD NIGERIAN WOMAN SHARES HER REGRETS ABOUT HER PARENTS SENDING HER ABROAD TO SCHOOL AS A TEENAGER.

I came to the UK in the 80s and went to Skinners school for girls in Stamford hill where I failed woefully. I come from a family where going abroad was like going to the market for us. I lived with my sister-in-law who I happened to have appeared to as a burden at the time. I had no one to take me out as a child, didn't enjoy McDonald's treats. I remember being bought KFC once by my mother's younger sister who was in the UK at the time. Most days I had to walk from Pembury estate, Hackney to Stamford hill because I had no transport fee. An uncle got me free school meals from the government so I always had lunch at school but other meals were not guaranteed...

No one ever asked me how I was doing in school even though I was a failure, never disclosed my report sheet because my results were always 'U- Unclassified' worse than F9. I lived at the expense of a few of my brother's friends who were ready to give me £5 in exchange for me seating on their laps whilst they used my nipples as a toy. On a few occasions, my immediate family would give me £5, £10 but NONE EVER TOOK ME ON AS HIS OR HER RESPONSIBILITY. One glorious day, a brother of mine took me on when he noticed that I have been associating with friends that were smoking and sexing at the age of 12 but due to malicious beating every day I had no choice other than to run away from his house. ....

I became streetwise, smoking heavily at the age of 11/12, and did my first abortion at the age of 14/15. I was unable to contact my mother because I had no access to the telephone moreover I didn't know how to use the phones then. I lived with a Jamaican friend who was a few years older than me and we had a man friend aged 50t who was impotent but would pay our rent whenever we allowed him to lick/suck us. Hhhhmmmm I'm sobbing as I'm writing this; I don't know why my spirit has led me to share this horrific and pathetic story but I am sure it is to bless someone out there so I am not ashamed of letting it out because someone outthere will think twice before making the mistake my family made.

I and friends began to find it easy to befriend men for money at night clubs (Gullivers, Petter Stringfellows, etc) at a very young age which I found disgusting, they molested my body orally. I can't even carry on expressing my bitter past experiences because I have learnt to see them as the strengths that made me who I am today...

The Koko of this post is this... Now in the UK, we see Nigerian children killing, shooting, stabbing, selling drugs, raping, etc and we wonder why they are ridiculing our darling country's name... Hhhhmmmm it is not the kids' fault it is the fault of the parents that weren't ready to prioritize their priorities.

I can't blame my mother and neither can I blame my father because they thought sending me abroad to school was the best for me. They also trusted my siblings and didn’t like to get involved in the way they were raising us. They believed when you give a goat to someone, you let go of the rope. They didn't know their darling daughter had become something else.....

You may be boosting that your child lives in London, America, etc but do you ever ask yourself how life is treating them where they are??

So many parents in Nigeria believe the field is greener on the other side forgetting that NO ONE CAN TRAIN YOUR KIDS THE WAY YOU CAN EXCEPT LOVING & GOD-FEARING PEOPLE.

In the UK so many Nigerian parents have misplaced their priorities, they rather work 24/7 and make all their monies to build mansions in Nigeria at the expense of their children's lives.

So many Nigerian parents in the UK don't even attend parents' evenings at their kid's school, some can't even help their kids with homework. Some believe their kids are at home and they are safe not knowing who is there with them. Some would rather spoil their kids with money & expensive outfits instead of investing quality time in them.

Sending your kids abroad to be looked after by someone else is a pure waste of time and bringing your kids from 9ja without giving them all the time needed is an irresponsible move and to be working all God-sent hours, making sterling, dollars, and euros, naira, etc without spending quality time with your kids is a disgrace to parenthood.

This is one of our bad irresponsible cultures even back home ….most children in Nigeria were brought up by housemaids/gatemen/next door/grandmothers/neighbors etc. Some Nigerians don't believe in family planning rather they will have so many children and start using them to hawk sweets, bread, etc after school...

Having a child is not by force, God did not say YOU MUST HAVE CHILDREN, YES HE STATED 'MULTIPLY' but he didn't mean we should do it to suffer for them. Having children does not mean you will live your life joyfully and it doesn't give you a place in heaven either, instead, your children may make you miss heaven if care is not taken.

I am a product of a neglected, nonchalant, cultural upbringing and I WILL NEVER WISH IT ON MY GREATEST ENEMY BECAUSE I HAD IT ROUGH AND IN SADNESS.

Let us stop being selfish and stop pushing our problems/burdens on others. Your child should be with you no matter how poor or rich you are and you must teach them in the ways of God.

Some parents in Nigeria, have children in Diaspora and know nothing about their life , only the fact that their child is abroad.

This is very insightful, thanks for sharing and may God heal you.

dre11:
Enugu Woman Narrates How She Discovered Daughter 20 Years After She Was Stolen At Birth In Hospital



https://saharareporters.com/2022/11/28/enugu-woman-narrates-how-she-discovered-daughter-20-years-after-she-was-stolen-birth

The story is long, but it is worth reading.

Wonders shall never end in this life.

What is meant to be, will definitely come to pass.

May our joy never be stolen from us and may we have restoration in every areas of our lives that require it.

GHANA making Africa proud.

Keep riding, team, we love you.

DMerciful:
Lately, there has been an increasing number of threads dedicated to lamentations by guys with regards to their relationships with ladies whom they are dating, friending, marrying etc.

This trend is becoming worrying because it is clear we are having an increasing number of effeminate men! Men are supposed to be tough, they are meant to suck up tough situations and move on, they ought to know when to call it quit and stop taking nonsense however they come here to ask silly questions of what to do when in unhealthy relationships.

Where are these sissy men coming from?
Inspite of all the miseducations by Ubunja and co!

Ubunja is no doubt a genius, but, you see, his miseducation and reality are sometimes two parallel lines. Matters of the heart can take different twists and turns.

ibkayee:

Lol if Germany win you owe me 4 kobo

OK o ....let's keep watching.

ibkayee:
My money’s on Germany

You should have used that money to eat peppersoup and drink palmwine instead

SPAIN, the nightmare of every team in this world cup.

PrinceOfLagos:
Davido ain't looking happy, dude is yet to get over his son's death

Don't worry, Chioma will soon be delivered of another child. Trust Davido to have been doing the needful.

Another shocker in this world cup.

Morocco stuns Belgium.

What a tournament.

@OP: Please be careful, any animal that can do this to his or her fellow animal is capable of also doing it to a human being. CAREFUL please.

PrinceOfLagos:
This is the throwback photo of Mr Peter Obi, Aliko Dangote, Ngozi okonjo Iweala and Jim Ovia .

Tinubu was still a boy when Peter Obi was already chilling with the big boys and captain of industries.


https://twitter.com/Victor41153877/status/1588797558805385217?t=KaeMsBp7eB6_XTOo09moXQ&s=19

We might not support Tinubu, but to say he was a small boy at the time must be a joke, someone that had been rolling with MKO Abiola since the 90's. Tinubu and NADECO are part of the history of Nigeria, so please stop that joke.

Is this not the same Mikel that allegedly snubbed 2face? Which made him sing that song (Only me) that year?

It's not even about the goals, it's about the quality, confidence, finishes and class.

SPAIN looking like the world cup winner. They've got all it takes.

Congratulations to the team. What an impressive statement to the world.

lukency:
It's not about pogba but the absent of their 4key players due to injury.They are likely to exit the competition earlier than expected

Maybe, but not at the group stages.

Fremantle:
Is this likely to happen or repeat itself?

What are your thought guys, on the World Cup Curse

France will not be eliminated at the group stages, with or without Benzema.

We deploy POS terminals for Agency banking business, payment on delivery, chat with us on Whats*App* 08094310145.

Thank you.

He didn't leave ceremoniously, so sad. Well Messi also didn't leave Barca ceremoniously. We wish CR7 all the best in his future endeavors.

We deploy POS terminals for Agency banking business, payment on delivery, chat with us on Whats*App* 08094310145.

Thank you.

Sowiki:

How much be your pos

N20K including delivery.

This is a lesson to all the 'big' teams, there is no underdog in the world cup.

We deploy POS terminals for Agency banking business, chat with us on Whats*App* 08094310145.

Thank you.

'Need a PoS terminal for Agency banking business in Nigeria? It's N20,000 only. Chat with us via 08094310145.'

Payment on delivery. You only pay after receiving the PoS.

Note: Prices change according to prevailing business conditions.

'Need a PoS terminal for Agency banking business in Nigeria? It's N20,000 only. Chat with us via 08094310145.'

Payment on delivery. You only pay after receiving the PoS.

Note: Prices change according to prevailing business conditions.

'Need a PoS terminal for Agency banking business in Nigeria? It's N20,000 only. Chat with us via 08094310145.'

Payment on delivery. You only pay after receiving the PoS.

Note: Prices change according to prevailing business conditions.

amp01:


Supply before payment

Is your request for the Charcoal? If Yes, what quantity and specification(s) are you looking at?

If on the contrary, it is for the Container, kindly let us know what size.

Hello,

- We supply Charcoal in large quantities to any location in Nigeria.

- We also sell different sizes of Container for movement of your goods, office/shop purposes, construction of workstation at construction sites etc.

Please contact us on WhatsApp via 08094310145.

Email: nadeollimited@gmail.com

Thank you.