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Nairaland Forum / Nairaland / General / Business / CBN Drops ATM Withdrawal Limit To N20k/Day (80353 Views)
CBN Increases Cash Withdrawal Limit To ₦500,000 Weekly / CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35 / CBN Drops Interest Rates By 50bps To 13.50% (2) (3) (4)
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Re: CBN Drops ATM Withdrawal Limit To N20k/Day by yemi1504: 5:24pm On Dec 06, 2022 |
Akinsete19: Abi and to dey queue for ATMs na e remain. Because I no sure how POS guy go give person 100 notes of 200 naira each? APC and their retrogressive policies SMH. 1 Like |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by amstamon: 5:25pm On Dec 06, 2022 |
Akwamkpuruamu:So I guess you'll be getting commission for cash deposit at pos instead of been charge |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by yemi1504: 5:25pm On Dec 06, 2022 |
Earlystar698: You can say that again! |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by OutOnBail(m): 5:25pm On Dec 06, 2022 |
How much is your daily ATM withdrawal cap in LA? Mrfksb1: |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Capernum: 5:26pm On Dec 06, 2022 |
To buy a bag of rice, you have to withdraw for two days. Lolllll 7 Likes 1 Share |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by TheKingIsHere: 5:26pm On Dec 06, 2022 |
temmyyem: I can see that you're fully awake. A lot of people don't know the evil intentions and how it aligns to their nwo agenda |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by OlujobaSamuel: 5:26pm On Dec 06, 2022 |
Lol, in December that our banks will always have network downtime I doubt Sanusi and Soludo even tried a tenth of the nonsense this idiot dey do 4 Likes 1 Share |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by hizeetech: 5:26pm On Dec 06, 2022 |
We go get sense lass-lass, aje |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by yemi1504: 5:26pm On Dec 06, 2022 |
OboOlora: Can't Nigerians get a perpetual injunction on this policy so it doesn't see the light of the day? Our lawyers in the house we need an answer to this. 3 Likes |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Westchester(m): 5:27pm On Dec 06, 2022 |
lereinter: Have you ever seen anyone accuse Obi of stealing? Man is just clean and that gives tinubudiots sleepless nights 2 Likes 1 Share |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by blacksam01: 5:27pm On Dec 06, 2022 |
Obinnau: he leaves in jan. 4 Likes 1 Share |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by DJInfluence: 5:28pm On Dec 06, 2022 |
Akinsete19:monkey, snakes and even rat go chop the money |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by LordIsaac(m): 5:28pm On Dec 06, 2022 |
sisisioge:Las las school no be scam |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by badoh(m): 5:28pm On Dec 06, 2022 |
Westchester:So governors in your region no deh steal Abi? You think you're doing Tinubu. Instead of you people to demand for accountability from your governors, na tinubu be your worry? 2 Likes |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by iwaeda: 5:28pm On Dec 06, 2022 |
Alajiki:Not everyone is blocked head like you. |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by TheKingIsHere: 5:28pm On Dec 06, 2022 |
backtovillage: Tinubu brought in the dullard and the dullard brought in Mr incompetent. So, yes. Tinubu can be blamed for Emefiele's inconvenience and failure |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by yemi1504: 5:29pm On Dec 06, 2022 |
lrman: That is another question but it looks like it is a Yes in the affirmative o. This is the worst policy I have ever seen in my entire life! |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by yemi1504: 5:30pm On Dec 06, 2022 |
RomanGreen: 0de! Is LA and here the same economy? Reason am na! |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Westchester(m): 5:30pm On Dec 06, 2022 |
badoh: Sorry agbado boy your drug lord the demented and senile Tinubu will never be president |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by FireUpNow(m): 5:30pm On Dec 06, 2022 |
franchasng:If some should have a sick person on emergency in the hospital, how will medical bills be paid? |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by onatisi(m): 5:31pm On Dec 06, 2022 |
Stupid government with stupid ideas . It seems buhari and his CBN boy thinks every Nigerian lives in the cities and towns with ATM and that every one is using bank apps. What about rural farmers where there are no banks? What about the tomato sellers or petty traders who have to go to Deep rural areas to buy food items to sell in the market,how will they be transacting? 5 Likes 1 Share |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by kb83(m): 5:31pm On Dec 06, 2022 |
These bastards are over regulating the banking industry, all becos of their evil political ambition. |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by yemi1504: 5:32pm On Dec 06, 2022 |
bonianyi: It wasn't even a good idea in the first place! Where is Mr. Femi Falana when you need to put this case in court until that fool of a CBN governor leaves? |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by baralatie(m): 5:32pm On Dec 06, 2022 |
Ok o |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by sanya4good(m): 5:33pm On Dec 06, 2022 |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Watcharena: 5:33pm On Dec 06, 2022 |
Mrfksb1:Don't call Nigeria sht hole because of this policy, we are not the first and this will not make us even among the first 20 countries will lowest cash in circulation , check how Hongkong ,Sweden, Finland etc are doing it , this is the first step toward attaining a cashless economy, Sanusi lamido has been singing this long time ago before they tied him down in kano in the name of traditional title , if we had started during his time by now we could have achieved 10,000 daily withdrawal limit 4 Likes |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Nobody: 5:33pm On Dec 06, 2022 |
As someone said already increase number of accounts discreetly 3 bank accounts = 60k daily limit / 300k weekly. 4 Likes 1 Share |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Alajiki(m): 5:34pm On Dec 06, 2022 |
iwaeda: Am I surprised? This space is full of emotional riffraffs. 1 Like |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by uglymods: 5:35pm On Dec 06, 2022 |
See the names, Mustafa and Co... Illiterates from the north running poor Nigeria to the ground. |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Rubbiish(m): 5:36pm On Dec 06, 2022 |
anthony533:I don't think so How many people even withdraw more than 20k daily via POS? Na between 5k to 10k vast majority dey withdraw. Above 20k withdrawal don't happen frequently and I don't think it is enough to shut down the business 2 Likes |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by yemmit90: 5:37pm On Dec 06, 2022 |
AquaPetals: They will get alot of cash from people. Remember people are already being discourage from making huge payments over the counter, individuals with cash will approach them to make transfers, especially those with huge cash. Remember there would be too much money in circulation. Let me use myself as example, whenever I knew I won't be going to where ATM is, and I don't want to use POS, I make sure I withdraw enough Cash that would lasted me till next time I feel I can go to the area. Now that the daily limit is 20k, do you think I will withdraw less than this amount? Do you think if I have like 200k with me, and I will need money soon, the next thing I will do is to take it to bank where I won't be able to withdraw the same amount at once? The policy is good if they stick to 200 denominations or less on ATM than setting a daily limit at 20k. Besides, CBN should completely stop printing 1000 and 500 notes. Let people spend 200 down to 5 naira. Naira lost its value as a result of these higher denominations. People don't even value 50 naira anymore Let alone 20 or less. 1 Like |
Re: CBN Drops ATM Withdrawal Limit To N20k/Day by Lisaint(m): 5:38pm On Dec 06, 2022 |
20k but till when? This seems to tackle politicians that has stack billions for election! With the new currency How will they swap their lotted cash? With 20k per day withdrawal and just few months to election, How will they induce and bribe voters ? No body go wan collect old note … I see cbn extending the expiry date for the old note |
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