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UBA Sets International Spending Limit To $20 Per Month - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / UBA Sets International Spending Limit To $20 Per Month (31445 Views)

Banks Raise ATM Cash Withdrawal Limit To ₦‎200,000 / CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly / CBN Drops ATM Withdrawal Limit To N20k/Day (2) (3) (4)

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Re: UBA Sets International Spending Limit To $20 Per Month by Nobody: 5:15pm On Feb 25, 2022
Wahala
Re: UBA Sets International Spending Limit To $20 Per Month by tito44: 5:15pm On Feb 25, 2022
Ammishaddai:
No, but it's one of the biggest places notorious for such activities .

Shut up joor. Open interpol website and see the countries known For scam. Lots of south/central American countries and eastern European narions. U won't even see Nigerian there

2 Likes

Re: UBA Sets International Spending Limit To $20 Per Month by Faber(m): 5:15pm On Feb 25, 2022
NGRComrade:
Okay. Does that mean Nigeria is the only country in the world where those illegal activities happen?

Leave am hate. There are more fraudsters and cyber criminals in US, UK and Russia. Nija Yahoo boys day learn work for where all those ones day
Re: UBA Sets International Spending Limit To $20 Per Month by tragergeorge(m): 5:15pm On Feb 25, 2022
Ammishaddai:
No, but it's one of the biggest places notorious for such activities .
how much has the highest spending limit been??
Na still Yahoo boys make them get bvn too na,
What your politicians are doing to you guys una don de blind too see, channel your frustrations to Yahoo boys,na Yahoo boys make u no fit make your living abi,,, PayPal turn your eyes dia...be decieving yourself thinking na 9ja get the highest scam rate ,
Re: UBA Sets International Spending Limit To $20 Per Month by Ammishaddai: 5:15pm On Feb 25, 2022
[s]
Easy5265:

Ode ! Shut up. Stop advertising your foolishness.
[/s] Another Yahoo imebcile
Re: UBA Sets International Spending Limit To $20 Per Month by DarkJeddi(m): 5:15pm On Feb 25, 2022
Victerica:


Them go soon castrate you
You are already bleating like an impotent Bumpkin.. sad

1 Like

Re: UBA Sets International Spending Limit To $20 Per Month by Pierocash(m): 5:15pm On Feb 25, 2022
Ammishaddai:
Fraudulent activities and illegal money laundering schemes. That's why PayPal and other payment methods don't operate in Nigeria anymore. It's also one of the reasons why your spending is limited on International transactions with all banks nationwide
stop delving into what you lack knowledge of.

Yahoo boys aren't the reason. The reason is simply because CBN has come out with policy of no more selling fx to bank. The cbn governor told banks to go source for their own forex any way they can,that CBN will no longer support bank with forex, after all,it is their bread and butter.

So for this reason,access bank cut down their international spend limit from $300 to $100, exclusive card from $500 to $200 for monthly subscription,$1000 from $2000. Increased their dollar rate from 470 to 490 ,and other Banks like uba and eco bank followed suit . More banks will follow too. All is to boost their fx reserve against the time the cbn directive will take effect.

Stop spewing gibberish.

I use PayPal both local and 2 foreign PayPal Account.

3 Likes 2 Shares

Re: UBA Sets International Spending Limit To $20 Per Month by mountmoriah(m): 5:15pm On Feb 25, 2022
This how you people are destroying africa UBA God punish your ahead of management
Re: UBA Sets International Spending Limit To $20 Per Month by Fibonacci88: 5:15pm On Feb 25, 2022
Ammishaddai:
Fraudulent activities and illegal money laundering schemes. That's why PayPal and other payment methods don't operate in Nigeria anymore. It's also one of the reasons why your spending is limited on International transactions with all banks nationwide
This has nothing to do with Yahoo boys. Our foreign reserve is depleted to support payments for non essential spendings

1 Like

Re: UBA Sets International Spending Limit To $20 Per Month by Victerica(m): 5:15pm On Feb 25, 2022
Newboss:


Ignorance.

Nigeria is trying to conserve Forex.

Why is Nigeria trying to preserve Forex?
Re: UBA Sets International Spending Limit To $20 Per Month by Great0ne1: 5:16pm On Feb 25, 2022
viklegend:
Really pathetic, what can 20$ buy online?? Phone pack and a charger maybe... This is definitely condemning majority of Nigeria's to seek goods locally while those who can go ahead to import sell at exorbitant prices.
You will use it to order bugger

1 Like

Re: UBA Sets International Spending Limit To $20 Per Month by Victerica(m): 5:16pm On Feb 25, 2022
DarkJeddi:
You are already bleating like an impotent Bumpkin.. sad

Pluto will destroy you and your goons
Re: UBA Sets International Spending Limit To $20 Per Month by AchalugoNwa(f): 5:16pm On Feb 25, 2022
[s]
Ammishaddai:
Fraudulent activities and illegal money laundering schemes. That's why PayPal and other payment methods don't operate in Nigeria anymore. It's also one of the reasons why your spending is limited on International transactions with all banks nationwide
[/s]
trash
the act is to save FX and reduce out going FX in order to strengthen naira.
it's a directive from CBN
Re: UBA Sets International Spending Limit To $20 Per Month by bmdmix11: 5:16pm On Feb 25, 2022
Ammishaddai:
...and we have our Yahoo boys and girls to thank for this . May God punish them wherever they are (amen)
how plz explain
Re: UBA Sets International Spending Limit To $20 Per Month by Bridget95(f): 5:16pm On Feb 25, 2022
Ammishaddai:
No, but it's one of the biggest places notorious for such activities .
so because of a few thieves an entire 200 million people should be subjected to a mare 20k dollars a month?This is wickedness and backward mentality in action
Re: UBA Sets International Spending Limit To $20 Per Month by Ammishaddai: 5:17pm On Feb 25, 2022
[s]
tito44:


Shut up joor. Open interpol website and see the countries know For scam. U won't even see Nigerian there
[/s] You're fvcking fool. Your country abused the means of transactions through dating scams and the rest and you're here shouting interpol. Idiòt
Re: UBA Sets International Spending Limit To $20 Per Month by Newboss(m): 5:17pm On Feb 25, 2022
Ammishaddai:
[s][/s] You're just talking through your anus. There are countries with worse economies yet they still retain alternative pay systems that allow citizens spend and make transactions with any foreign currencies as they like . Unlike here where your Yahoo friends have virtually crippled all e-payment platforms like PayPal, Transwise and flutterwave from operating in Nigeria all because of cybercrimes. In fact, wasn't it for this same reason that CBN stopped cryptocurrency from operating in Nigeria ...? Mtchww...continue giving excuses for your Yahoo friends. Your unborn children go hear am . Nonsense

Stop typing nonsense. This has been going on for more than a year now. That's how they reduced it to $100 per month.

Nigeria has serious Forex challenges. You're truly very ignorant about what has been going on for more than a year now.

Fûcking use Google. Disgusting display of ignorance

3 Likes

Re: UBA Sets International Spending Limit To $20 Per Month by Great0ne1: 5:18pm On Feb 25, 2022
Re: UBA Sets International Spending Limit To $20 Per Month by SarkinYarki: 5:18pm On Feb 25, 2022
These are no longer banks
Re: UBA Sets International Spending Limit To $20 Per Month by Cognitivereason: 5:18pm On Feb 25, 2022
Ammishaddai:
Fraudulent activities and illegal money laundering schemes. That's why PayPal and other payment methods don't operate in Nigeria anymore. It's also one of the reasons why your spending is limited on International transactions with all banks nationwide

It has nothing to do with yahoo boys...

There is simply not enough forex (dollar)
And dats not yahoo boys fault (sort of)

we need dangote refinery to quickly come alive and save at least 30% of our forex reserves..and we need to find more ways to offer value to the world in order to earn more forex

2 Likes

Re: UBA Sets International Spending Limit To $20 Per Month by Ammishaddai: 5:18pm On Feb 25, 2022
Bridget95:
so because of a few thieves an entire 200 million people should be subjected to a mare 20k dollars a month?This is wickedness and backward mentality in action
Aunty , if other services like PayPal and Transferwise were operating, won't the narrative be different? Of course it will. But we don't have that ...all thanks to those Yahoo criminals lurking in cyberspace
Re: UBA Sets International Spending Limit To $20 Per Month by Oluomo90(m): 5:18pm On Feb 25, 2022
NA wa o. I don't really understand what's going on in this part of the world. When has it become a sin for one to spend his/her own money as he pleases? Haba !
Re: UBA Sets International Spending Limit To $20 Per Month by DarkJeddi(m): 5:19pm On Feb 25, 2022
Victerica:


Pluto will destroy you and your goons
Amadioha and Sango are already playing with your brainless skull.. undecided

1 Like

Re: UBA Sets International Spending Limit To $20 Per Month by Dedemworld: 5:19pm On Feb 25, 2022
Ammishaddai:
Fraudulent activities and illegal money laundering schemes. That's why PayPal and other payment methods don't operate in Nigeria anymore. It's also one of the reasons why your spending is limited on International transactions with all banks nationwide

If u re not also doing all these, then why do u need international spending limit to be higher?? Abi u dey use dollar buy recharge card or DSTV subscription??

1 Like

Re: UBA Sets International Spending Limit To $20 Per Month by KaluwisxPRO: 5:19pm On Feb 25, 2022
Ammishaddai:
Fraudulent activities and illegal money laundering schemes. That's why PayPal and other payment methods don't operate in Nigeria anymore. It's also one of the reasons why your spending is limited on International transactions with all banks nationwide


Has PayPal worked in Nigeria before Yahoo boys became a menace? Some of you block head will just want to look for easier targets to blame.

The Problem here are the banks not willing to settle card transactions at official exchange rate of N430, all Nigerian banks lobby CBN to keep the card limit low, so they don’t have to settle those transactions at official rate.

Ask Buhari to take International Card limit to $2000 and see the Naira go back to its formal rate in less than a month. Artificial scarcity of USD is the cause of death for the Naira.

6 Likes 1 Share

Re: UBA Sets International Spending Limit To $20 Per Month by Dialpad: 5:19pm On Feb 25, 2022
You are so dumb... common Whats your level of education... you have been spilling rubbish all day ..

How can you equate yahoo to availability of US dollars


Ammishaddai:
[s][/s] You need to hide your ignorance once in a while . We are talking online dating scams and the means through which Nigeria Yahoo boys have abused the privilege. Not all this shallow nonsense you're bickering about

4 Likes

Re: UBA Sets International Spending Limit To $20 Per Month by Aaaoo: 5:19pm On Feb 25, 2022
Worse bank ever
Re: UBA Sets International Spending Limit To $20 Per Month by DropsMic(m): 5:20pm On Feb 25, 2022
Ammishaddai:
...and we have our Yahoo boys and girls to thank for this . May God punish them wherever they are (amen)

Bleeping illiterate

3 Likes

Re: UBA Sets International Spending Limit To $20 Per Month by Ammishaddai: 5:20pm On Feb 25, 2022
Dedemworld:


If u re not also doing all these, then why do u need international spending limit to be higher?? Abi u dey use dollar buy recharge card or DSTV subscription??
You are daft . So I can't earn legal money again abi...? Idiòt
Re: UBA Sets International Spending Limit To $20 Per Month by EmmanuelScott1(m): 5:20pm On Feb 25, 2022
iLegendd:
This is why it's good to make and recieve your money in Dollar so that banks won't tell you the amount of Dollar to spend online.

Boss, I'm still begging
Re: UBA Sets International Spending Limit To $20 Per Month by Newboss(m): 5:21pm On Feb 25, 2022
Victerica:


Why is Nigeria trying to preserve Forex?

CBN is scared that we may run out of Forex if people are allowed free access to Forex. It's also part of their way of stopping the free fall of Naira. Fire brigade approach.

I still remember that endsars period. Had to use crypto to make some international payments because the $100 limit my bank placed on my debit card was useless
Re: UBA Sets International Spending Limit To $20 Per Month by Bluffly: 5:22pm On Feb 25, 2022
Ammishaddai:
[s][/s] You're just talking through your anus. There are countries with worse economies yet they still retain alternative pay systems that allow citizens spend and make transactions with any foreign currencies as they like . Unlike here where your Yahoo friends have virtually crippled all e-payment platforms like PayPal, Transwise and flutterwave from operating in Nigeria all because of cybercrimes. In fact, wasn't it for this same reason that CBN stopped cryptocurrency from operating in Nigeria ...? Mtchww...continue giving excuses for your Yahoo friends. Your unborn children go hear am . Nonsense
Paypal , Transwise and the likes has nothing to do with dollar availability. It has to do with our economic policies and trade. Are we generating Dollar as much as we are spending it?

In ability to use Paypal is different from what is available to us to spend via the CBN

2 Likes

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