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New Naira Note Scarcity Is False; I Withdrew Mine Yesterday - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / New Naira Note Scarcity Is False; I Withdrew Mine Yesterday (35356 Views)

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Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by BossGerald: 9:52am On Jan 27, 2023
HardMirror:
why are you trying to shame him? Are you the one feeding him? Is pos business not a legitimate work?

I'm not shaming anybody oo, imagine after supporting failure buhari and Apc for a whole 8yrs, he's running a POS...worst still he's a tinubu Apc supporter.

He's crying for his business abi?? What about those people's businesses in the past that was killed by buharis economic policy that he supported??
Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by Ishilove: 9:52am On Jan 27, 2023
BossGerald:


I don't know your location, but here the ATMs are dispensing 24/7.

The new currency seem to be scarce because many people are still waiting for the deadline to go overwhelm the bank with their rush hour deposit and withdrawal.
Stop talking nonsense. Many ATMS in Lagos are not dispensing at all when I checked for two days consecutively. Onitsha is not Nigeria so try to expand your horizon

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Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by NinjaXmetahuman: 9:53am On Jan 27, 2023
BossGerald:


Meanwhile, politics aside, so after voting Apc twice na POS you dey do after graduating from school??

Hope you no dey scam old people money?
and what is wrong with that ?

Are you feeding him or did he come to you to beg for money?!

PATAPATA e, you are still eating mama thank you food if we dig well into your miserable life.


What is wrong with stupid people always trying to work shame people.

8 Likes 2 Shares

Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by BossGerald: 9:54am On Jan 27, 2023
Jflex07:
Lol. Most Urrchins are rag tagged wretched animals grin grin

Haha, he's crying because he doesn't want his pos business closed.

What about those people's businesses that was affected by buhari's economic policy in the past, he's a buhari supporter oo grin

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Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by Parachoko: 9:55am On Jan 27, 2023
BossGerald:


Are you cooking 1million naira worth stew??

Go and withdraw your new naira from the bank and give your wife for stew...don't give her silly excuse this weekend oo
You're talking as if Nigeria start and end for your location in Onitsha.

4 Likes 2 Shares

Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by treatise: 9:56am On Jan 27, 2023
BossGerald:

Reporting live From Onitsha, Anambra state.

Union bank, UBA, FIRST Bank ATM etc are dispensing the new naira note.

Stop believing the lies and rumors that flies daily concerning the new naira notes.

Deposit your old naira notes with the bank or POS(point of sales) agent.

Go and visit any ATM stand near you and make your withdrawal.

You only have 4days to change you old currency.


From @Bossgerald
Tinubu And his cotravlellers are spreading falsehood about the new naira notes. Gbajamila is fighting for his political survival by threatening to arrest emefiele, Tinubu does not believe in BIVAS. His political disaster will be worse than that of Abiola

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Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by reddingtonblack: 9:58am On Jan 27, 2023
BossGerald:


It's already in circulation, go withdraw yours, encourage others to do same.

It would circulate more.


The way you hold the money sef, is that that the 1st time you are seeing it grin when you finish spending that one n you get other we will take you serious. cheesy




save some for thanksgiving o!

4 Likes 1 Share

Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by jcross19: 9:58am On Jan 27, 2023
BossGerald:


It's already in circulation, go withdraw yours, encourage others to do same.

It would circulate more.
you are big fool!!! Nigeria has turned her citizens to idiots. Are we suppose to be celebrating or even making withdrawing a new notes a news? Ah ah it shall not be well with Nigeria Governor!!

3 Likes 2 Shares

Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by Taigaban: 9:59am On Jan 27, 2023
But why are Banks not loading 200naira notes in their ATMs?

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Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by Papichulostunne(m): 10:00am On Jan 27, 2023
babyfaceafrica:


Online transfer to buy pepper and transport abi? Nigeria runs on cash!
Oga dont sound childish here.. You can withdraw a maximum of at least 20k per day. Will you not buy your pepper and transport from there.. Any transaction from 2k and above can be done online. The country is going through a transition. Even banks have deadline to returm their old notes back to CBN. If you feel the date would be extended you a sitting on a long hard black thing.

2 Likes 1 Share

Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by Doyou2019: 10:01am On Jan 27, 2023
Parachoko:
You're talking as if Nigeria start and end for your location in Onitsha.

This is the problem with most Nigerians :If it's good where I am, then others MUST AGREE that it's good in theirs too.

Shallow-minded self-centered mumutus everywhere and we wonder why patriotism is dead in this part of the globe.

5 Likes 1 Share

Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by MT: 10:01am On Jan 27, 2023
And this is suppose to be an achievement? Having access to your own fund is now being celebrated.

Nigeria is failing.

3 Likes 1 Share

Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by BossGerald: 10:02am On Jan 27, 2023
NinjaXmetahuman:
the op is just being foolish like a typical Nigerian who only thinks if it's not affecting me then it's not affecting everyone else.

The way the mumu is arrogantly talking as if the whole Nigeria is his village in onitsha is even the annoying part.

I Spent almost 1 product hour on the queue yesterday just trying to withdraw 20k. I had to spend like extra 700 just to withdraw the remaining 30k I needed from pos operators cos I needed cash not transfer for the stuffs I wanted to buy. Those ones mixed old and new money together.

Then this fool is all over the place acting as if everything is alright all over Nigeria because he withdrew less than 10k from ATM in like 3 days to deadline..

Very annoying people.

You called onitsha a village??

It's only illiteracy that's making you not to go withdraw the new notes? Hope you can operate ATM properly??

1 Like 1 Share

Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by Bintdawood(f): 10:05am On Jan 27, 2023
kay29000:


I saw it yesterday... It's the worst of the three. Horrible quality. 500 and 1000 notes are a little better.


Choii. I only saw the new 500 naira note once. Its like 1k is more in circulation than the rest abi?
May God help us amin!

3 Likes

Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by BossGerald: 10:05am On Jan 27, 2023
reddingtonblack:



The way you hold the money sef, is that that the 1st time you are seeing it grin when you finish spending that one n you get other we will take you serious. cheesy




save some for thanksgiving o!

I no be heavy spender, thanks.

1 Like 1 Share

Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by Elsueno: 10:05am On Jan 27, 2023
Prayfortheworld:

I withdraw on Saturday too alot of banks are paying it but it's still scarce and once the load and the money finishes they won't load again
You were just lucky stop sounding like you know it all this is Nigeria

This is incorrect, I have also being able to withdraw d new notes on most ATMs since last week, though it's 1k notes...

At least for my side sha, don't know about other states

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Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by BossGerald: 10:08am On Jan 27, 2023
Doyou2019:


This is the problem with most Nigerians :If it's good where I am, then others MUST AGREE that it's good in theirs too.

Shallow-minded self-centered mumutus everywhere and we wonder why patriotism is dead in this part of the globe.
.

Eeehe?? But you agreed and voted buhari twice??

Enjoy the change you voted for and don't complain.

1 Like 1 Share

Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by HardMirror(m): 10:08am On Jan 27, 2023
BossGerald:


I'm not shaming anybody oo, imagine after supporting failure buhari and Apc for a whole 8yrs, he's running a POS...worst still he's a tinubu Apc supporter.

He's crying for his business abi?? What about those people's businesses in the past that was killed by buharis economic policy that he supported??
he has the right to support anyone just as you and I also have our own candidates. You should not be shaming him.

4 Likes 2 Shares

Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by BossGerald: 10:09am On Jan 27, 2023
Elsueno:


This is incorrect, I have also being able to withdraw d new notes on most ATMs since last week, though it's 1k notes...

At least for my side sha, don't know about other states

Tell them oo

1 Like 1 Share

Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by Spiritmask: 10:10am On Jan 27, 2023
Robertgreene1:
Interesting....
But all these peeps thinking dt d likes of Tinubu nd Atiku won't av enough new notes 2 buy votes must be dumb... like really dumb
Do u peeps even stop 4 a minute 2 think of d timber nd caliber of men dat work 4 these presidential candidates...saying dt Tinubu won't see enough new notes 2 share is akin 2 saying dat sanwuolu..Mc Oluomo...El rufai...Ganduje plus all d other Western nd northern Governors nd senators and reps nd state reps nd party big men dat pay allegiance 2 Tinubu can't find him d new notes....Those men aren't on ur level peeps..they av loyalists everywhere...even inside d CBN itself....dat day dt Tinubu was secretly giving money 2 a party man they later claimed 2 be a cripple..no be new 1k notes he give am..nd it was even barely a week after their introduction...those men av done their homeworks long ago...that's y d new notes scarce sef...they ve hoarded d whole thing...
Pls I'm as obidient as one can be abeg...
Just dt this narrative of this rubbish policy affecting d likes of Tinubu just dey vex me cus it's like some peeps don't know those men..underate them nd d evil genuises that work 4 Dem at ur own peril!!!
This nonsense policy will only affect d poor masses not Tinubu nd Atiku...dat is just my problem abeg

Lie...
I withdrawed new note in Surulere Lagos yesterday night

3 Likes 1 Share

Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by Acidosis(m): 10:10am On Jan 27, 2023
To be honest, there is nothing the CBN or anyone else can do about the scarcity of the new note given the way the idea was conceptualised from the beginning. Moreover, scarcity is pretty "normal" in Nigeria during "peak seasons." Everyone is trying to get the same thing at the same time, including POS vendors. Haba, no magician can tame the situation. Many streets don't have ATMs. So unless you work in a densely populated business district, you are less likely to get the notes this month.

The experience is comparable to what you would normally encounter during the Christmas season. But I believe that two to four weeks from today, everyone will revert to default. More people will be forced to embrace digital transactions, which, by the way, is the essence of the policy.

To completely dismiss incidences of scarcity is in.sane. Naira is indeed scarce but there is nothing anyone can do about it. CBN has a minting policy so no amount of scarcity will force the CBN print more notes than necessary. You just have to wait for the "already printed ones" to circulate properly.

3 Likes

Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by reddingtonblack: 10:11am On Jan 27, 2023
BossGerald:


I no be heavy spender, thanks.



New naira note as being out since last year, and just becos got lucky to recieve yesteday you open a thread to denounce the scarcity which is very much the truth & our reality.

Oga mind yourself o

5 Likes 1 Share

Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by bablon20(m): 10:11am On Jan 27, 2023
Are you saying those that are getting old notes from d atm are lying? Is there anyone who doesn't want to get the new naira note? It's what d bank ATMs dispense that customers will collect.

5 Likes

Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by BossGerald: 10:12am On Jan 27, 2023
HardMirror:
he has right o support anyone just as you and me also have our own candidates. You should not be shaming him.

My dear, truth be told, I didn't work shame him...we can't be suffering in this country and some people are hell bent on supporting, campaigning and voting for incompetent candidates.

Let the hardship pass round abeg, body go tell all of us.

1 Like 1 Share

Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by BossGerald: 10:12am On Jan 27, 2023
Spiritmask:


Lie...
I withdrawed new note in Surulere Lagos yesterday night

May God bless you

1 Like 1 Share

Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by damble: 10:16am On Jan 27, 2023
With all the op responses, I can conclude he doesn't has sense

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Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by Lekan239(m): 10:18am On Jan 27, 2023
Prayfortheworld:

I withdraw on Saturday too alot of banks are paying it but it's still scarce and once the load and the money finishes they won't load again
You were just lucky stop sounding like you know it all this is Nigeria
I have been withdrawing the new naira note from uba ATM since Two weeks ago. Only the people from the East are complaining. It's their birth right to always complain. Funny enough non of their past and present governor have outshine governor from the other geo political in terms of infrastructure and general well being. Yet they claim only them could make Nigeria better if they rule

1 Like

Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by Bishop1monte(m): 10:23am On Jan 27, 2023
BossGerald:


Go and make a bank transfer, so that your criminal activities will be well documented.

Stop giving excuses, we know you too well

Will you transfer for okada man and bus conductor

3 Likes 1 Share

Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by Winneygirl(f): 10:32am On Jan 27, 2023
The new notes are meant to be spent.
A lot of people withdraw it to hoard at home.
Once the deadline for old notes mop-up is past, people will bring out the money they have hoarded.
Once business people stop collecting old notes, people will start spending what they have.
These monies will then be deposited in the banks, who will in turn load them on the machines.

Money is all about circulation. Not hoarding. There can never be enough cash to serve everyone, everytime.
It is the same money that is deposited another person will withdraw. Right now, people are just withdrawing it, and not spending.
I bet by wednesday all these unavailability of cash will cease.

2 Likes

Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by Parachoko: 10:34am On Jan 27, 2023
Winneygirl:
The new notes are meant to be spent.
A lot of people withdraw it to hoard at home.
Once the deadline for old notes mop-up is past, people will bring out the money they have hoarded.
Once business people stop collecting old notes, people will start spending what they have.
These monies will then be deposited in the banks, who will in turn load them on the machines.

Money is all about circulation. Not hoarding. There can never be enough cash to serve everyone, everytime.
It is the same money that is deposited another person will withdraw. Right now, people are just withdrawing it, and not spending.
I bet by wednesday all these unavailability of cash will cease.
So how much have you hoard?

2 Likes

Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by frugal(m): 10:34am On Jan 27, 2023
BossGerald:


Don't worry, after January 31st those hoarding the new currency will have no other option than to transact it.

The new note printed is more than enough, you'll see magic happen after the CBN deadline

Exactly! Which is why no extension should be given.

2 Likes 1 Share

Re: New Naira Note Scarcity Is False; I Withdrew Mine Yesterday by ibinaboonline: 10:37am On Jan 27, 2023
You withdrew new naira notes but you're standing inside a banking hall. You're here saying don't believe this and that but you're standing inside the banking hall, not in front of an ATM machine. Those banks you mentioned, none of their ATMs are dispensing money at all since last week, talk-less of dispensing new notes. It depends on location, Sha. But you'all should remember Nigeria doesn't start from Abuja and end in Lagos. There are other states and cities too.

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