Transfer will be the next deal.

Studymore123:



You just gave me a smart idea. I have a date in a few weeks.

Implementation is not till January. So, unless the girl is not updated, you better find another lie

specialmati:
when APC is through with the country.if you hear Apc na race oooh

Don't amuse me please.

obi58:


POS guys will have to think out of the box.... For example if I want to withdraw 100k from POS instead of using ATM card I will transfer to the POS person who will include charge. However the challenge they will have is sourcing for cash with the new bank withdrawal charges I suspect POS charges per withdrawal will have to increase.

The real difficulty lies in going to the market. If you want to pay a market woman who is not enlightened above 20k how you go fit do am?

welcome to nigeria where the government believes the country should fly when it hasnt finished learning how to crawl. they cant provide roads, quality education and healthcare, employment, reduce inflation but they want everyone to be doing cashless policy

Stupid country and senseless policies. Mumus in gov think making the naira scarce will increase its value.

backtalkG:
How will this reduce the price of garri

na only garri you dey chop?

sevo:
I still see a loophole in this policy...people are going to make large withdrawals as from the 15th of December till 8th of January next year...large cache of cash would be withdrawn from banks in that 3 weeks window

Eventually, it'll finish

Akwamkpuruamu:
Now, how will POS guys survive? This is not fair to the common man

POS guys are the main problem. Selling money they didn't work for for a fee. Money collected from OTC or worse ATM machine

All FG-CBN want is cashless policy!
You can make N100m transaction or more in a day through only online banking.

anthony533:
POS business is about to fade out just like the way recharge card business was...

it won't fade , most people make withdrawal from pos, do not go beyond 10k, very few withdraw upto 20k and above

Mrfksb1:
How about old people? I live in LA how will my aged parents withdraw when I send cash to them? Please I need some answers


What kinda shithole country is this for God sake making people suffering unnecessary

I really pity those living in Nigeria

Hmmm

charles614:
So if you want to buy properties like land worth more than 15,000,000 you have to pay 5% commission, this policy haven't been implemented all this years it's only now that idiot emefiele will implement this

you do transfer to the person,

lrman:


Did you read the part where they said even pos transaction is maximum of 20k per day?? How will you pay for product and services which are above 20k via pos ?? Or you will have to be making use of Bank transfer that delays or which some businesses do not even accept ??

read it again..pos is 20.00 not thousand

This is the best way to fight insecurity

iwaeda:
APC is retrogressive,N20k /per day. If you like thumb print for APC again. What of those in rural areas.

PDP have us emefiele

Austriaopen:
Crazy

Na #200 note all of una go see withdraw from the ATM henceforth and not more than #20000 a day and #100000 a week. Is this not madness?

make we de look na. E be like say dem never see where ppl de vex

CBN should make it 1,000 naira please CBN should make it 1,000 naira please ...

This is kind of good.

Cash hoarding will become more difficult, as will be ransom to kidnappers.

SmartyPants:
Wahala.

Though I support anti-cash measures, this one is extreme, as our systems are not fully mature.

Such a foolish statement
You think you get to say how extreme you want your tyranny?

50k would ave been much better.

because you are at 50K. Level abi, those above you can go to hell
I hope they make it 1K
Shebi you like cashless policy?

For instance, my card has failed several times, while out on dates, so I always withdraw enough cash to cover the outing.

Let ur parents use card transactions na

Mrfksb1:
How about old people? I live in LA how will my aged parents withdraw when I send cash to them? Please I need some answers


What kinda shithole country is this for God sake making people suffering unnecessary

I really pity those living in Nigeria

Yeah but you must go inside the bank to withdraw such amount

Mrfksb1:
you know nothing. You can withdraw even more than $10k a day. Do you know how much is $10k to naira

Don't be surprised fake alert will be more these period and scammer will definitely take advantage of these ....let everyone be vigilant these times mostly boutique owner and business owner ..!! Kai nija only God can keep us going

Fearyourcreator:

Nothing is ever good for some of you... Nothing ... Well Jesus was crucified at last

Beru Olorun

The next administration will reverse a substantial part of this policy. Jokers suddenly woke up at the twilight of their stewardship.

iwaeda:

Beru Olorun

Wetin happen...

CheapHomes1:


welcome to nigeria where the government believes the country should fly when it hasnt finished learning how to crawl. they cant provide roads, quality education and healthcare, employment, reduce inflation but they want everyone to be doing cashless policy

A substantial part of this largely ridiculous policy will be reversed by the next administration. I wonder why most people are beating themselves up. I am laughing here because I am more than hundred percent sure that it won't last more than six months.

A policy you couldn't implement in nearly eight years? You now want to burden the next administration with shocks and repercussions of an untested, hefty monetary policy. Useless political CBN.

POS will be out of business in no time with this policy.

Mrfksb1:
How about old people? I live in LA how will my aged parents withdraw when I send cash to them? Please I need some answers


What kinda shithole country is this for God sake making people suffering unnecessary

I really pity those living in Nigeria

Shut up!

Pity only your parents

Paxxcarl:
Pos might be going out of business
Cashless policy

Nope!
Doesn't still change anything.
Customers just has to keep making use of internet banking to enable make transfer to POS agents. Perhaps, the charges might even increase in their end.

Asquare84:
This policy will help curb inflation especially the aspect of printing less higher denomination note such as 1000 naira. Printing 200 naira will bring more smaller denomination into circulation and bridge inflation

So as a car dealer , if I have a Lexus SUV in my park for 10million naira … So CBN new policy will now curb inflation and make me sell it for 2million naira shey .


Make una try Dey think once once

Ventura1:
There's no market woman that will engaged in a single transaction worth 20K that is not enlightened, She will definitely be in tune with electronic transactions.

Are you sure about that? My point is that in this day and time can you comfortably shop for a family of 4 with 20k at the market?